Dangote Clears Air On Cement Price Misinformation, Says Nigeria’s Price Lower Than Other West African Countries

Posted on August 28, 2023

Management of Dangote Cement Plc has clarified that 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.

In a statement Monday, the company stated that 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.

Dangote Cement’s Group Managing Director, 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.

Pathak said that Dangote Cement is focused on delivering quality cement at the best price possible, despite the current inflationary environment.

“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 said.

2 responses to “Dangote Clears Air On Cement Price Misinformation, Says Nigeria’s Price Lower Than Other West African Countries”

  1. Why should it be so??
    One bag for 4010
    While we buy cement 10ead in dubia here

  2. Bunmi John says:

    Despite of that, the price is still in the high side because the raw materials are not imported, you get it here in our country. The price from the factory should not be more than #2000 to #2500.

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