The price for Dangote cement is an increasing problem for most Nigerians currently. Retailers are selling between N4,OOO to N4500 per bag. As the complaints and news of this high price spreads the company is speaking up. In a statement released by the management of Dangote Cement, they stated the actual price per bag.
In his words ” “Demand for cement has risen globally as a fallout of the COVID crisis. Nigeria is no exception as a combination of monetary policy changes and low returns from the capital market has resulted in a significant increase in construction. To ensure that we meet local demand, we had to suspend exports from our recently commissioned export terminals, thereby foregoing dollar earnings. We also had to reactivate our 4.5m ton capacity Gboko Plant which was closed 4 years ago and run it at a higher cost all in a bid to guarantee that we meet demand and keep the price of Cement within control in the country.”
He further explained saying ” a bag of cement from our factories and plants across Nigeria (as at 12th April, 2021) is N2,450 in Obajana and Gboko, and N2,510 in Ibese inclusive of VAT. While a bag of Cement sells for an equivalent of $5.1, including VAT in Nigeria, it sells for $7.2 in Ghana and $5.95 in Zambia ex-factory, inclusive of all taxes. Though the company has direct control over its ex-factory prices, it cannot control the ultimate price of cement when it gets to the market”
This means the current high selling price of Dangote cement is a making of retailers and not the company.
See photo of the sales price for Dangote cement below
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