Developers Decry Cement Price Hike to N8,000, Push for Cheaper Local Alternatives

Developers reject negotiated cement price of N8,000 per bag, say it should be N5,000
BUA Cement previously promised to slash cement price to N3,500 by 2024, developers question why it is now N8,000
Developpers say high cement price will lead to more abandoned building projects and widen housing deficit
Alternatives like local building materials such as interlocking blocks should be embraced instead of reliance on imported cement
Cement manufacturers blame gas shortage, transport costs for high prices, but developers skeptical of reasons