The Dangote Cement management has said that the Group’s cement price in Nigeria is in line with or lower than prices across the West African coast.
The cement giant made the clarification following the widespread criticism over the disparity of the price of its cement in Nigeria, compared to other West African countries, particularly the Republic of Benin, and other neighbouring countries.
According to the company, the price of a bag of its cement was N4,010 in Okpella, and N4,640 in Ibese, Objana, and Gboko.
The company further stated that including transportation costs and the location of delivery, prices could range between N5,000 to N5,300 per bag.
Dangote Cement’s Group Managing Director, Arvind Pathak, in a statement, advised that it is important to distinguish Dangote Cement’s ex-factory prices from prices at which retailers sell cement in the market.
“Our check in Cotonou, the commercial capital of the Republic of Benin indicated that cement sells between CFA 3,495 and CFA 4,500, which at the current exchange rate of CFA 1: NGN 1.43 is between N4,997 to N 6,435 per bag,” he clarified.
According to Pathak, Dangote Cement is focused on delivering quality cement at the best price possible, despite the current inflationary environment.
He added: “We continue to innovate new ways to deliver quality products to millions of our customers across Africa, while providing top-notch customer services. At Dangote Cement, we are committed to building an inclusive and sustainable business for all stakeholders across the value chain”.