₦airaland Forum

Dangote, BUA, Lafarge and other cement major manufacturers agreed to reduce the price of cement after a meeting with the federal government.

The meeting initiated by the minister of Works, David Umahi was also attended by the minister of Industry, Trade, and Investment, Uzoka-Anite, in Abuja on Monday, February 19, 2024.

It came as a result of a nationwide outcry against the sharp rise in the price of cement – a development that followed the recent increase in prices of commodities, goods and services across all sectors of the economy.

For example, a bag of cement sells between N10,000 – N14,000, depending on the manufacturer.

According to reports, despite the agreement between manufacturers and the federal government to reduce prices by about 50%, it still sells almost as high as it did before the meeting.

Why cement prices are on the rise

As per recent survey, below are the prices of a bag of cement in Nigeria

Cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together.

Source: https://www.vanguardngr.com/2024/03/price-of-dangote-bua-lafarge-other-cement-after-meeting-with-fg/

How can 3 cement brands be selling their products to 300 million Nigerians?They are taking undue advantage of Nigerians.

COMRADES, the prices are still very high

So d falling of dollar no still bring d price down 😞

mytime24:
So d falling of dollar no still bring d price down 😞

There is never de-gravity in Nigeria prices . Nothing goes up n come down. Never

FG should open border for cement to enter, cement no suppose pass 5k

This country never finish like this?

Make better thunder fire all 9ja girls one by one.

E still expensive now.

This government increased prices so that there will be more money to be looted and shared amongst them

How come we pay subsidies and still buy fuel at 670?

What happened to the differentials?

Hmmmmmm

E go soon happen oooo

TAKE US BACK TO THE PDP ERA

Pls
Pls
Pls
Pls
Pls
Pls
Pls
Pls
Pls
Pls
Pls
😭😭😭😭😭😭

Ok

419 government

Make una enjoy jare.

I don’t blame those companies. If the prices of other things can increase, I don’t see why the price of cement should remain the same because of a meeting.

So unfortunate.... From #5100 to #10k-#14k times 2.... How will an average man embark in a project ? One thing I have discovered so far is that we Nigerian are our own problem....this increment wasn't from government but dealers and manufacturers...
I just pray God help the masses . May we obtain mercy in Jesus name

mytime24:
So d falling of dollar no still bring d price down 😞

for Nigeria, once price goes up, e no dey come down again, even of cost reduce

Enemies of the masses

N

Where is the reduction? Abi my eyes dey pain me? If cement is not sold at #5000 or less, they are talking trash. You give monopoly to your cronies instead of having an open market for business and you are expecting positive results. Paddy paddy government

Hmmm

#13,000 for one bag of cement?? People moulding blocks to sell as means of livelihood, how do you guys cope!!!?

Good but there was a time a bag of cement was less than 5k.

Well, most people don't even care about prices of cement right now. People just want to eat well before thinking about building their own houses.

I am sure if government begins to subsidize the price of cement today - people won't rush to get them like they rushed to get a bag of rice at N10,000 here, that even lead to stampede:

https://www.youtube.com/watch?v=RUz5l7Kw4M8

This is absolute rubish

Hardship, sweat, blood and pain is the joy of tinubu the son of the bond woman.

Comrades

sukar886:
FG should open border for cement to enter, cement no suppose pass 5k

cement no suppose reach 2k because 90percent of wot dey use are in Nigeria and some times dey do re-bag

Like if u gonna vote apc for second term
Share if someone else deserve it

shortgun:
I sell for less than 8k, call me for your cement needs.

dey play

What is the aim of there meeting
Person go use 3m buy land only to use 12m fence am

Tinubu is playing a game

The right people will come and teach him what to do

He wants to recoup all the money he spent during the election

Okay

Wahala dey front they come Sha

Adiok inor mbufo

....choi.... Nigeria ekpomeeeee