Posted 2/16/2024, 7:09:54 PM
Cement Prices Soar 30% Across Nigeria Due to Inflation and Supply Issues, Housing Minister to Meet Manufacturers
- Cost of cement has risen 30% recently across Nigeria due to high inflation and supply chain issues
- In Abuja, 50kg bag now costs N8,600-9,600 from Dangote and N8,500-9,500 from BUA
- In Ibadan, Oyo state, cement is N9,000 per bag
- In Sokoto, Dangote cement is N9,200 and BUA is N8,650 per bag
- Housing Minister plans to meet with manufacturers to address price hikes since they source raw materials locally