The Nigerian operations also represented 69 of group revenues compared to 78 same period last year.
The company also explained the decline in volume was due to a cash crunch and negative sentiments around the elections.
Dangote Cement was one of such. In Nigeria, the cash crunch coupled with the uncertainty around the general elections led to a slowdown in key private and public infrastructure investments.
The Nigerian market contributes around 58 of group volumes shipped, and Dangote Cement cited a cash crunch, negative election sentiments, and the central banks policies for the decline in volume and revenue.
- Higher cost pressures
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