The Mangal Cement Company Limited, owned by Katsina-born billionaire Dahiru Mangal, has started selling cement produced at its newly completed $1.5 billion plant in Kogi State.
In a post he made on X, a man, Maleek Ana, displayed two bags, claiming he bought a bag at the cost of N6,000.
The man wrote on X:
“The Price Of Mangal cement is 6k.”
TheNGblog reported that the facility will produce about 200 cement trucks daily, which analysts say will create direct and indirect jobs.
Mangal Industries signed a deal with a Chinese company, Sinoma, to build the facility in November 2021.
The company’s chief executive officer, Fahad Mangal, promised a state-of-the-art, technology-driven facility with no environmental threats.
Nigerians react to Mangal cement price
@Melebroz1 commented:
“This is a positive move, but I think Mangal Cement’s production line might only handle 200 bags per day.”
@YDutsun44451 said:
“Mangal, thank you for intensifying the competition in the cement market. You should consider lowering your price to quickly gain more awareness.”
@de_prof_de_chef added:
“Any plans to make it even cheaper, like N4k? Also, how strong is it?”
@Olowolagbaomo remarked:
“This is a market strategy at work. Dangote did something similar when they entered the market, selling at N1,250/N1,300 when the market price was N1,650. It’s a good time to take advantage of it.”
@Wf_Bobson suggested:
“Why is it priced at N6k? That’s too high. Reduce it to N2k to make it more affordable for the average person and to undercut Dangote’s products.”
@Abbadanejo asked:
“I want to buy 50 bags. Can anyone help me with that?”
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