Dangote Cement Plc has commenced a systematic liberalization of the product distribution in order to bring down the price in the market.
The management said at the weekend that it was widening the distribution outlets by opening more mega depots and signing on new distributors so that the 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, which has led to a successful local production beyond the national consumption demand.
Dangote Cement which accounts for over 70 per cent of the local production has continued to invest more in local production by expanding its production lines and establishing new plants to ensure that the nation produces enough for home consumption and have surplus for export to other countries.
The statement said that the management of Dangote Cement is of the view that only a liberalized distribution system can make increased local production translate to cheaper cement and make meaningful the huge investments in local production.
With more investments by the sector players, combined local production has combined production of about 27 million metric tons per annum high and above the national demand hovering between 17 and 18 million metric tons per annum.
Group Managing Director of Dangote Cement, Devakumar Edwin said the cement company decided to review its distribution network system to ensure the availability of the product by creating wider access for its customers, noting that the move would ensure not only the stability of price, but also guaranteeing availability at the most reasonable price.