Dangote Explains Discrepancy in Cement Prices, Government Urges Lowering Costs

Aliko Dangote attributes the price difference of cement in Nigeria to high taxes and regulatory burdens, leading to inflated domestic prices. Engr. Nweze David Umahi calls for manufacturers to lower prices to improve affordability.

Dangote's cement company, alongside BUA Cement (NGX: BUACEMENT) and Lafarge Cement, listed on the Nigerian Stock Exchange with increased revenues in 2024. The government warns that rising cement prices could impact housing delivery programs for low and middle-income Nigerians.