We have not increased cement price - Dangote
Leading cement manufacturer, Dangote Cement Plc, said it has not increased the price of its product and the cost of rebranding of its 42.5 grade of cement would not be transferred to the consumers.
The Company made this disclosure yesterday in Ibadan during a Radio Nigeria’s Amuludun FM phone-in programme, Oyin Momo, during which listeners complained of skyrocketing price of the vital commodity, calling on the company as the biggest manufacturer to intervene to save the consumers.
Fielding questions from the callers, Dangote Cement Sales Director for the South-west zone, Mrs Funmi Sani and the Director of Marketing Services, Olaniyi Johnson, explained that Dangote Cement did not, and would not, jerk the price of cement despite the increase in the cost of production inputs. Sani explained that the only plausible reason for high cost of the product in the market was excessive profiteering by some unscrupulous distributors and dealers who might be cashing in on the scarcity of the commodity.