Dangote Cement says its checks in Cotonou, the Republic of Benin indicates that cement sells between CFA 3,495 and CFA 4,500, which at the current exchange rate of CFA 1 to NGN 1.43, would translate to a bag of cement selling between N4,997 to N 6,435 per bag in that country.
By Jude-Ken Ojinnaka
The Group Managing Director of Dangote Cement, Mr Arvind Pathak has clearly stated that Dangote Nigeria’s cement price is in line with or lower than prices across the West African coast.
According to Dangote Cement Managing Director, the price of a bag of cement from its factories across Nigeria as at 28th August 2023 is N4,010 in Okpella and N4,640 in Ibese, Obajana, and Gboko.
Including transportation costs and the location of delivery, prices could range between N5,000 to N5,300 per bag.
“This clarification was made in view of recent misinformation that the company sells cement in Nigeria at significantly higher prices relative to other countries, particularly, the Republic of Benin, and other neighbouring countries,” he stated
Mr Arvind Pathak, 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 said.
“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,” he explained.