Investigation has uncovered how much Dangote sells its cement in the West African country of Benin Republic Findings reveal that the company uses the country as a transit route to its depots in Togo However, it sells a 50kg bag of cement in the Benin Republic at N6, 216 and not N1,500 as alleged .
The viral allegation penultimate week on social media that Dangote Cement was selling a bag of 50kg cement in Nigeria at an excessive rate of N5,200, while it sells the quantity in Benin Republic at N1,500 is untrue. While the company does not export the product to Benin Republic, the country serves as a transit route to Togo for cement.
Dangote cement sells for N5, 200 in Benin republic Findings show that the average price of a 50kg bag of cement in the West African country was N6,216, about 4,200 CFA.
Reports say the leading cement brands in the Benin Republic are Cimbenin Buffle, Ciment Bouclier, Nouvelle Cimenterie du Benin, and Ciment Diamant, which are produced in the country. The brands have 32.5R grades in contrast to Dangote Cement’s 42.5R quality that the company sells in Nigeria. Dangote debunks viral report of reducing cement price in Benin Republic .
On August 27, 2023, an online publication stated that Nigerians berating billionaire businessman and Chairman of Dangote Group, Aliko Dangote on social media for selling a bag of cement for N5,200 in Nigeria while he sells the same product for N1,500 in Benin Republic. The spokesman for the Dangote Group, Tony Chiejine, debunked the story in a telephone call with .He revealed that the publication and social media merely regurgitated 2017 allegations against the Group.
MacNew.ng reported that Abdulsamad Rabiu, the chairman of BUA Cement Plc has expressed confidence that a drop in cement prices would result from the completion of the company's two new factories by the end of the year. Rabiu said this during a press conference that was held alongside the company's seventh annual general meeting on Thursday, August 31, 2023, in Abuja. Recall that Legit.ng earlier reported that Dangote Cement Plc clarified that its cement pricing aligns with, or even falls below, the prevailing prices along the West African coastline.
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