Africa’s
leading cement manufacturer, Dangote Cement Plc, has announced drastic reduction
of the prices of its cement.
Read the
statement concerning the new price reduction as announced by Mr. Devakumar
Edwin, the Group Managing Director/Chief Executive Officer, GMD/CEO, of Dangote
Cement,
“we recognize the need for an increased rapid
response to the huge infrastructure and housing deficit in the country, and one
of the ways of addressing the issue is bringing the price of building materials
down to much more affordable levels especially cement which is within our
control as part of our contribution to the transformation agenda of the Goodluck
Jonathan administration and the attainment of key milestones in the Millennium
Development Goals, MDGs.
“Since the
commencement of the implementation of the backward integration policy for
cement in the country over 12 years ago, the local production capacity of the
product rose from less than three million metric tonnes per annum to about 38
million metric tonnes per annum. During the more than 12-year period of the
backward integration policy, nearly $20 billion has been directly and
indirectly injected into the Nigerian cement industry with Dangote Cement Plc
accounting for 60 per cent of that spends.”
Oya..lets
start building..lol.
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