Nigerians Struggle as Cement Prices Soar to N6,500 Per Bag Amid Forex Challenges and Inflation

“Lamentations Over Surging Cement Prices in Nigeria as Consumers Grapple with Cost Increases”
Amidst recent spikes in cement prices across various brands and markets, Nigerians voice concerns over the impact on concrete block pricing. Stakeholders urge the Federal Government to intervene by granting additional licenses to industrialists for cement production, seeking relief from the escalating costs.
In just over two months, the retail price of cement in Nigeria has experienced a notable surge. Previously priced at N5,000 per bag in December 2023, the cost has sharply risen to N6,500 in various regions across the country.