Dangote Announces N300 Reduction In The Price Of Cement

ElviaDesign.Ent

Dangote Cement has announced new
pricing and marketing initiatives to
stimulate building work across Nigeria
by reducing its cement price by N300.
According to information made
available to the Nigerian Stock
Exchange (NSE), yesterday, in Lagos,
Dangote Cement would reduce the
price of its market-leading 3X brand
of cement in Nigeria by N300 per
50kg bag, or N6,000 per tonne. The
new price will become effective
immediately.
The company would also undertaking
a number of marketing initiatives
designed to stimulate consumption of
cement in Nigeria and to increase
exports.
Speaking on development, Chief
Executive of Dangote Cement, Onne
van der Weijde, said: “Our cost-
saving initiatives in Nigeria have
enabled us to cut the price of cement
to a level that is good for consumers
yet still allows us to achieve strong
returns that are sustainable in the
longer term.”