The hope of construction experts and cement consumers over a crash in the price of cement was
dashed yesterday with a fresh hike in the price of the commodity.

Some weeks ago, a major cement producer in the country said it had crashed the price of the product
to as low as N 1, 000 eliciting excitement in the construction sector . Even with the promise , the
product was never sold at N1000 anywhere across the country.

A dealer in the Ibafo area of Ogun State who spoke on condition of anonymity said one of the major
manufacturers had indicated that its next consignment would be delivered at N1, 900 , adding that by
the time other variables are added, a bag of the product would get to the final consumer at N2 ,200 .

To make the product available to customers , the firm said it had set up depots across the nation and
also offered opportunity for direct purchase .

from:
thenationonlineng.net/new/cement-price-rises-n2200/