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Dangote Cement’s Chairman cites rising energy costs and exchange rates driving high cement prices in NigeriaCurrent retail prices for a 50kg bag range from ₦9,500 to ₦13,000, affecting construction nationwideHomeowners and developers express concern as sustained price increases impact building material affordability
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Chairman of Dangote Cement Plc, Emmanuel Ikazoboh, has explained why cement prices remain high across Nigeria, attributing the persistent increases to rising energy costs and the impact of foreign exchange on production expenses.
His comments come amid growing concerns from Nigerians over the soaring cost of building materials, with many calling on the government to intervene as cement prices continue to put pressure on construction projects and housing development.
Dangote Cement boss breaks silence on high costs, blames energy and FX rates. Credit: Picture Alliance/ContributorSource: Getty Images
Speaking during the 17th Annual General
