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| Alhaji Aliko Dangote |
Dangote Cement Company has announced a N300 price slash on its product.
The company said the move is aimed
at stimulating the construction of buildings in the country.
According to Daily Trust
Newspapers, "Dangote Cement would reduce the price of its
market-leading 3X brand of cement in Nigeria by N300 per 50kg bag, or N6,000
per tonne.
Speaking on the new development, the
Chief Executive of Dangote Cement, Onne
van der Weijde, said: “Our
cost-saving initiatives in Nigeria have enabled us to cut the price of cement
to a level that is good for consumers yet still allows us to achieve strong
returns that are sustainable in the longer term.”
The price slash takes effect
immediately.
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