Nigeria: Cement Production And Survival of the Construction Industry

Lagos — Many Nigerians would have expected that by now the price of cement should be below N1, 000 going by the various efforts of the Federal Government to liberate the sub-sector as well as the promises and pronouncements by major cement manufacturers in the country.

The country is aiming for self sufficiency in cement production by 2013 and has put many machinery in place to achieve this but contrary to expectations that cement prices would crash, the cost of the product has been astronomical of late. The cost of cement has been on steady increase since last year. The product rose from N1, 500 early last year to N1, 800 early this year and is now being sold for N2, 400.

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