By Chikodi Okereocha
Following the surge in demand for cement merchandise within the nation, Dangote Cement Plc has restated its dedication in assembly the demand hole to make sure the provision of cement merchandise within the nooks and crannies of Nigeria and past.
At an interactive session with reporters, Dangote Cement’s new Group Chief Gross sales and Advertising Director, Mr. Rabiu Umar stated the nation has moved from being an importer to turn out to be an exporter of cement.
He defined that the demand for cement has risen globally as a fallout of the COVID-19 disaster. Nigeria, in accordance with him, isn’t any exception as a mixture of financial coverage modifications and low returns from the capital market has resulted in a big improve in development exercise.
“We received into COVID-19 final 12 months and instantly after COVID-19, there’s a surge in demand and this isn’t specific to Nigeria alone, a few international locations the world over are additionally experiencing the identical; Mexico, South East Asia, amongst others,” Umar stated.
He famous that Dangote Cement is increase extra capability because it not too long ago invested in a brand new line that has been accomplished in Obajana Plant and the road is ready for the ability plant for it to begin operation.
Commenting additional on capability constructing, Rabiu stated: “… we have now a brand new plant in Okpella in Edo state, that can also be going to start out operation very quickly. For the final couple of years certainly one of our vegetation in Gboko, Benue state has not labored; we have now re-started the plant all in a bid to be sure that there may be sufficient manufacturing. We’ve got additionally elevated the capability of our Obajana Plant and really quickly, I’m positive the market can be flooded with sufficient merchandise. You additionally want to notice that different operators are additionally growing their capability.”
He defined that, “in each enterprise, what drives the worth is the demand and provide. Now as a enterprise we have now not elevated our value up till this level. So subsequently, what has occurred in value increment within the cement merchandise are forces of demand and provide.”