Nigeria: Dangote Cement has said that it is widening the distribution of its cement in Nigeria by opening more depots and signing on new distributors. It says it is doing this so that domestic consumers can reap the full benefit of the increased local production.
A statement from the company said that there have been growing concerns over the price of cement even with continuous efforts at increasing production. Dangote, which accounts for over 70% per cent of domestic production, has continued to invest in local production by expanding its production lines and establishing new plants. The statement added that the Dangote management believe that only a 'liberalised distribution system' can convert increased local production to cheaper cement.
Domestic production capacity in Nigeria is believed to have reached about 27Mt/yr , whilst demand hovers at between 17Mt/yr and 18Mt/yr.
