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Nigerians are currently lamenting the way cement prices across brands and markets have hiked in recent timesThe latest hikes in the cost of each bag of cement have also significantly affected the pricing of concrete blocks Stakeholders have appealed to the FG to intervene by issuing additional licenses to industrialists for cement production
Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.
In the last few years has been a significant surge in the retail price of cement in Nigeria.
Formerly N5,000 per bag in December 2023, the cost has escalated to N13,000 in different parts of the country.
Investigations reveal that the Cement Manufacturers Association of Nigeria (CMAN) has increased prices for respective brands.
The recent spike in the price of the product has generated serious concern amongst stakeholders. Photo credit – Trumpet NigeriaSource: Getty Images
As a result, retail prices have surged to
