Dangote Cement Plc has Announced huge cuts in the price of essential construction product. In a step that will make cement cheaper than it has ever been since 2005, the group managing director of Dangote Cement, Mr. Devakumar Edwin, said the company had pegged the Dangote 32.5 cement grade at N1,000 per 50kg bag, while higher 42.5 grade is to sell for N1,150 per bag.
The new prices, exclusives of the values Added Tax (VAT), represent about 40 per cent discount on the prevailing market price of the product, which were being sold for N1,700 across the country irrespective of the grade.
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