Categories: BusinessLatest Videos

Reports That Dangote Selling Cement at a Higher Price in Nigeria ‘False and Incorrect’, Director Says

Dangote Cement, Africa’s leading cement producer has denied claims that the price of cement in Nigeria is higher than in other African countries such as Zambia and Ghana describing the reports as “false and bogus”.

Edwin Devakumar, the Group Executive Director, Strategy, Capital Projects and Portfolio Development of the company told ARISE News on Monday that the cement price in Zambia is definitely not lower than the price of cement in Nigeria.
“I am having an invoice here which clearly specifies what is the price we are selling cement in Zambia. The cement price is 131 (Zambian) Kwacha per bag and then 22 kwacha to a dollar, it is coming to $5.95 a bag, $119 a tonne. So obviously this information is false and incorrect,” Mr Devakumar said when he featured on The Morning Show.
“As you know, in every country we operate we try to be the lowest priced company in the product in which we are dealing and yet we are comparing the price of cement in Nigeria with Zambia and as I said the information is incorrect but we don’t compare the price of corn between Zambia and Nigeria, we don’t compare the price of rice between Zambia and Nigeria. You know that prices of products will differ in different countries because of different reasons.

[bc_video video_id=”6248552135001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ]

By Abel Ejikeme

Follow us on:

AriseNews

Recent Posts

Kemi Badenoch Wins Conservative Leadership, Vows Party Renewal, A Return to Traditional Values

Kemi Badenoch has pledged to "renew" the Conservative Party and reclaim voters as she was…

1 hour ago

Peter Obi Criticises Court Ruling Halting Rivers State Funds, Calls for Reversal

Peter Obi has criticised the court ruling withholding funds to Rivers State, calling it disturbing…

7 hours ago

AGF Fagbemi Takes Over Prosecution of #EndBadGovernance Protesters Amidst Allegations of Treason

AGF Fagbemi has taken over the prosecution of 114 #EndBadGovernance protesters, addressing alleged treason and…

7 hours ago

NNPC, ONHYM Advance African Atlantic Gas Pipeline Project Amid Regional Collaboration

NNPC and Morocco's ONHYM has advanced the $26 billion African Atlantic Gas Pipeline, emphasising regional…

7 hours ago

TCN Restores Power Supply Through Gombe-Damaturu-Maiduguri Line

TCN has restored power on the Gombe-Damaturu-Maiduguri line, fully operational again after vandalism halted service.

7 hours ago

Nineteen Injured In Central Israel Following Projectile Launch From Lebanon

Nineteen people were injured in central Israel after three projectiles were launched from Lebanon early…

7 hours ago