Tag
CEMENT PRICE
The Federal Government has urged cement manufacturers to lower prices to N7,000, citing improved economic conditions.
The National Association of Block Moulders of Nigeria (NABMON) has appealed to the Federal Government to lower the import taxes on cement production materials to increase foreign investments and reduce the price of cement in the country.
Arc. Musa Dangiwa, the Minister of Housing and Urban Development, has raised concerns about cement manufacturers using the fluctuating foreign exchange rates as a pretext to significantly increase cement prices, thereby adding to Nigeria's economic challenges.
The Federal Government has announced plans to prioritize road repairs and explore solutions for reducing gas costs and import duties, aiming to decrease the soaring prices of cement across the country.
A new report by Cardinal Stone has revealed that cement prices in 2024 will remain high despite slash in prices from BUA cement in October.
The Cement Producers Association of Nigeria has issued a cautionary statement, expressing concerns that the federal government's ongoing plan to introduce concrete roads could potentially increase the price of cement.
BUA Cement Plc, has refuted claims about any purported increase in the ex-factory price of its cement by N300 per bag.