Business Dangote Moves to Crash Cement Prices

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LequteMan

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The President of Dangote Group, Alhaji Aliko Dangote on Friday in Kogi said that nine million tonnes of cement have been released into the market to stem the escalating cost of the product.

The businessman, who spoke after conducting the visiting President of Tanzania, Dr Jakaya Kikwete on a facility tour of the the plant attributed the scarcity of cement in recent time to low production between January and March.

He said the low production followed the yearly turn around maintenance of the plants at Ibeshe, Obajana and other parts of the country.

He assured Nigerians that the prices of cement will drop to its normal price of between N1, 450 and N1, 550 very soon.
 

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