No, it won’t.
Simply because landlords, especially those in Lagos state, really don’t care if they spend much lesser on bags of cements, used in the construction of their houses.
Basically, they will still charge normal rates as house rent.
Well, in most cases.
Hence, Dangote Cement’s announcement of the reduction in the price of its market-leading brand of cement, may only benefit landlords.
The 3X brand of cement will now be sold for ₦300 per 50kg bag, or ₦6,000 per tonne.
The company says the new price will become effective immediately.
Dangote Chief Executive, Onne van der Weijde, said: “Our cost-saving initiatives in Nigeria have enabled us to cut the price of cement to a level that is good for consumers yet still allows us to achieve strong returns that are sustainable in the longer term.
“We hope that reducing the cost of cement will help to stimulate building work across Nigeria at a time when the economy is in need of a boost.
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