Dangote Cement Plc has stated that its cement price is comparable to or lower than that along the West African coast.
The company also stated that, contrary to widespread media claims, the price of a bag of cement from its Nigerian operations had not increased.
There has been substantial criticism directed at the corporation due to the differential in the price of its cement in Nigeria compared to other West African countries.
According to a business statement, the price of Dangote Cement in Okpella was N4,010 on Monday, and N4,640 in Ibese, Objana, and Gboko.
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According to the statement, charges might range from N5,000 to N5,300 per bag, depending on transportation costs and delivery location.
The business stated that the explanation was made in light of recent misinformation that the company sold cement in Nigeria at much higher costs than other countries, including the Republic of Benin and other neighboring countries.
Mr Arvind Pathak, Group Managing Director of Dangote Cement, stated that it was critical to identify Dangote Cement’s ex-factory prices from market rates for cement sold by retailers.
The company stated that their check in Cotonou, the commercial city of the Republic of Benin, indicated that cement sold between CFA 3,495 and CFA 4,500, which, at the current conversion rate of CFA 1: NGN 1.43, was between N4,997 and N6,435 per bag.
“We continue to innovate new ways to deliver quality products to millions of our customers across Africa while providing top-notch customer service,” Pathak added.
“At Dangote Cement, we are committed to building an inclusive and sustainable business for all stakeholders across the value chain.”
