Current Price of Dangote Cement in Nigeria
Dangote Cement Price in Nigeria – Dangote is gradually developing to become the Nigeria industry standard in terms of building projects executions. This cement brand is one of the many brands that make the Dangote conglomerate.
Dangote cement started operation in Nigeria in 2007 and has since grown to become the most formidable in the cement making industry in Nigeria.
Dangote cement has three operating plants located across the Nigeria shores with which it serves the African cement demands. The factory location of the Dangote cement factories across Nigeria makes the cement one of the most accessible across the Nigerian shores, as the factories serve not just the Nigeria populace, but the general African populace as well.
The cement from this leading cement making brand is one of the most formidable in the Nigeria/ market not just because of the Dangote name, but also because of the quality and the strength embedded within each bag of the Dangote cement. Dangote Cement is the preferred option of many in the building industry in Nigeria because it is applicable over a wide range of mediums. Many cement brands have applications that are streamlined to a particular variety of mediums (or do not function well over a wide range of mediums). Dangote cement is quite versatile in its application as its use is not tied to a single medium. Asides the fact that this premium cement works over a wide range of mediums, it also works very well over all these mediums, and this is why many have chosen the Dangote cement brand of their building projects.
How much is a bag of Dangote Cement in Nigeria?
A lot of factors influences the price of Dangote cement, such ads proximity to the factory, location and a lot of other factors, we will, however, highlight some of the significant factors that influence the price of this cement in the Nigerian market.
One is to, however, note that the variation in the price of the Dangote cement in the Nigerian market does not change the rate with which the cement leaves the cement factory. In the following lines, we will highlight some of the significant determinants of the price of Dangote cement in the Nigerian market.
- Factory Proximity
The proximity of the building site to the cement factory is one major determinant of the price of Dangote cement in the Nigerian market. The building sites that are close to the cement factory will almost of a complete certainty enjoy cheaper access to the Dangote cement, and this has a way of telling on the final price of the product in the market. Building sites that are close to the cement factory will spend less on transporting the cement to the site where the cement would be in need. For high profile purchases, the Dangote cement factory will even carry the cement to the place where the cement is needed entirely free or at a very cheap rate. The price of the Dangote cement with retailers located around the cement factory will be lower than with those located far away from the cement factory.
- Factory Operation Cost
This factor has been tied to the reason why there is an instability in the price of Dangote cement across the Nigerian borders. There are a lot of unstable factors that are attached to the running of many factories in Nigeria, and these factors, in the end, tell on the price of the product that comes from such factories.
Some of the unstable operation costs that are attached to the running of Dangote cement factories within the Nigerian borders are factors such as the cost of powering the factory. The power cost is unstable because of the instability of power in Nigeria; this has spurred factories to go for alternative power generation sources that are eventually more expensive to operate and then tell on the price of the product in the end. Sometimes, the government taxation policies are a little bit on the high side, and many factories have to find a way to waver the cost that is returned to the government, and this also tells on the final price of the product.
As earlier stated, the proximity of the factory to the building site has a way of telling on the final price of the cement. Asides the proximity pot the factory, the location where the Dangote cement is also being purchased also tells on the price of the cement. Many high profile areas have a way of increasing the price of goods and services in them; this is not really because the products are expensive, it is because of the class of demand that exists in such areas, as well as the cost of running and maintaining a store in those locations. Some parts of Lagos state (Nigeria) add as much as two hundred Naira (NGN 200) to the price of Dangote cement in their areas, and this may not be the same price in other regions of the same state.
The price of Dangote cement in the Nigerian market today is about two thousand, seven hundred and fifty Naira (NGN 2,750) per bag. A single unit of the bag of this cement weight 50 kilograms.
The truckload of Dangote cement, which is about six hundred (600) bags costs one million, five hundred thousand Naira (NGN 1,500,000) in the Nigerian market. This rate is a little cheaper than the retail price of this cement because it is being bought in bulk.
One must, however, note that the price of Dangote cement can go a little over the rate stated above because of some of the factors that we have listed in the liens above. In some areas, a single bag of Dangote cement costs as much as three thousand Naira, while in other regions, its price fluctuates around the same price axis.
The conclusion of the Dangote cement pricing in Nigeria is the fact that this cement’s price varies with location and a lot of other factors in the Nigerian market. The stable retail price of this cement; however, of Dangote cement is two thousand, seven hundred and fifty Naira (NGN 2,750) per bag.
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