The clarification, the company noted, followed recent insinuations that it was selling cement in Nigeria at a significantly higher price relative to other countries, particularly Ghana and Zambia. So, the cost of critical components like gas, gypsum, bags, and spare parts has increased significantly due to the devaluation of the naira and VAT increase. “Despite this, DCP has not increased ex-factory prices since December 2019, while prices of most other building materials have gone up significantly. We have only adjusted our transport rates to account for higher costs of diesel, spare parts, tyres, and truck replacement. We have been responsible enough not to cash in on the recent rise in demand to increase prices.”

Source: The Guardian April 13, 2021 03:46 UTC