Manufacturers reduce cement price to N7,000, N8,000 per bag

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Abuja, Feb. 19, 2024 – Cement manufacturers in the country have agreed to reduce the price of the product to between N7,000 and N8,000 per 50kg depending on the location.

The decision was taken on Monday at a meeting of the Minister of Works, David Umahi, with cement manufacturers.

The manufacturers expressed their willingness to bring down the prices in future as soon as the federal government intervention were fulfilled.

BUA Industries disclosed its plans to inject six million tons of cement into the market to mitigate the surging prices.  (GBN)

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