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LequteMan
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Dangote Cement Plc will evolve a monitoring process that would ensure that profiteers do not hijack the new price cut in cement so that end-users would benefit from the commodity, the Group Managing Director of the company, Mr. Devakumar Edwin, said in Lagos while unveiling the company's new cement bags redesigned in line with the demand of Standards Organisation (SON).
“As part of our efforts to make cement affordable to the ordinary Nigerian, we announced a price slash on all our products last Friday. The new prices, which are exclusive of Value Added Tax (VAT), represent about 40 per cent discount on the prevailing market price, currently hovering around N1, 700. Consequently, a 50kilogram bag of 32.5 grade of Dangote Cement, now sells for N1, 000, while 50kg of the 42.5 Grade goes for N1, 150. It has always been our desire at Dangote Cement Plc to reduce the price of our products to enable many more Nigerians to build their own houses," he said according to THISDAY.
“Dangote Cement Plc will continue to appraise its pricing regime in Nigeria’s best interest, from time to time. We are an ethical organisation and we believe in putting our customers first, before profits. We believe in creating value for all our stakeholders in a sustainable manner. We will continue to pursue this philosophy.”
He also rubbished rumours that the new standardisation in the cement sub-sector would lead to job loss, pointing out that if for anything it would lead to job creation.
“We were not producing 32.5 before but because of the standardisation, which comes with the need to offer all our customers the benefit of choice from out bouquet of products, we have introduced it. That is more work for more people," he said.
#Nigeria #Dangote #Cement
View attachment 38156
“As part of our efforts to make cement affordable to the ordinary Nigerian, we announced a price slash on all our products last Friday. The new prices, which are exclusive of Value Added Tax (VAT), represent about 40 per cent discount on the prevailing market price, currently hovering around N1, 700. Consequently, a 50kilogram bag of 32.5 grade of Dangote Cement, now sells for N1, 000, while 50kg of the 42.5 Grade goes for N1, 150. It has always been our desire at Dangote Cement Plc to reduce the price of our products to enable many more Nigerians to build their own houses," he said according to THISDAY.
“Dangote Cement Plc will continue to appraise its pricing regime in Nigeria’s best interest, from time to time. We are an ethical organisation and we believe in putting our customers first, before profits. We believe in creating value for all our stakeholders in a sustainable manner. We will continue to pursue this philosophy.”
He also rubbished rumours that the new standardisation in the cement sub-sector would lead to job loss, pointing out that if for anything it would lead to job creation.
“We were not producing 32.5 before but because of the standardisation, which comes with the need to offer all our customers the benefit of choice from out bouquet of products, we have introduced it. That is more work for more people," he said.
#Nigeria #Dangote #Cement
View attachment 38156
