Has Dangote Cement Gone Back On Its Cement Price Slash

In spite of a brief breather by industry leader, Dangote Cement, with the introduction of the 1000 naira/50kg, the cement industry has flagged off 2015 with an unresolved price tussle.

In spite of the landmark intervention by Dangote Cement, the industry’s leading brand in 2014, the cement industry, which is a major component of the housing sector, is still grappling with price fluctuation.

Industry analysts have stated that while the new price hike might have been triggered by some “unforeseen market forces and political agenda,” it contradicts the significant increases in capacity built over the past 12 years.

However, in spite of the roller-coaster, manufacturers have not confirmed if the recent fluctuation in price is as a result of the devaluation of the naira.

Reuters

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