Cement price will soon increase to N9,000 per bag — Manufacturers

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The Cement Producers Association of Nigeria, has warned that the plan of the federal government to introduce concrete roads will increase the price of cement to N9, 000.

The association issued this warning in a statement jointly signed by the National Chairman, Prince David Iweta and National Secretary Chief Reagan Ufomba, on Sunday.

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The price of cement per bag currently sells at the rate of N5,000. The association also called on the current administration to permanently address the perennial cement price hike problem by facilitating larger participation in the cement industry, noting that Nigerians have no business buying cement for more than N5,600 per bag.

The cement producers urged the government to lay more emphasis on road design that allows both cement technology and asphalt pavement to run concurrently and provide ample time for a smooth transition that allows contractors to invest in commensurate and requisite equipment and retooling.


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