Hurray, Cement to sell for N1000 in Nigeria

The goodnews now in Nigeria is that cement is to be sold for just N1000 as Dangote Group the major producer of this essential product has decided to slash the price from current N1700 per bag to just N1000.Really for those who has since been trying to own their own house then this is the time to celebrate .the announcement was made by Alhaji Aliko Dangote the owner of Dangote Group that engages in production of cement in large scale production across Nigeria and 17 other african countries.Really the high of cost of cement is responsible for the high cost of accommodation in major cities inn the nigeria .and with this major sklash if implemented then the cost of accommodation will drastically reduce across the country .A step that will make cement cheaper than it has ever been since 2005, the new price regime announced by the Group Managing Director of Dangote Cement, Mr. Devakumar Edwin, said the Company has pegged the Dangote 32.5 cement grade at N1,000 per 50 kg bag, while the higher 42.5 grade is to sell for N1,150 per bag..now iy t will reduce the cost of building a house in nigeria and this will go a long way in reducing cost of buying or renting accommodation in the country. The new prices exclusive of the Value Added Tax (VAT), represents about 40 per cent discount on the prevailing market price of the product which is currently sold for N1,700 irrespective of the grade, across the country.