Nigerian Government Summons Top Cement Makers Over Soaring Prices

• Federal Government of Nigeria summons major cement manufacturers Dangote, BUA, and Lafarge over surging cement prices • Prices have spiked from ₦4,000 per bag to ₦8,000-₦10,000 in recent weeks • Minister of Works calls urgent meeting to address challenges faced by manufacturers and examine price gap between factory and market • Nigeria's cement industry dominated by 3 major players responsible for 99% of production - Dangote, BUA, Lafarge • BUA Cement previously announced price cut to ₦3,500 per bag in September but it did not materialize