Price of Cement Hits N13,000.00 a Bag
A market survey conducted by News Week Nigeria reveals a staggering increase in the price of cement, with a bag now fetching as high as N13,000.00.
The fluctuation in cement prices has been observed across various markets in Enugu, as reported by News Week Nigeria.
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Comparing figures from January, some cement brands, previously priced between N5,000.00 and N5,500.00, have skyrocketed to N13,000.00.
While Dangote Cement is currently priced at N10,500.00, Supaset and Bua are commanding N12,000.00 and N13,000.00, respectively.
A cement dealer at Garriki market, Enugu, shared, “The price of cement has changed. Dangote is now N10,500, while Supaset and Bua are selling for N12,000.00 and N13,000.00.”
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Addressing the potential cause of this price shift, another dealer speculated, “I don’t know the cause of the change in price, but I think it has to do with the exchange of dollars.”
Ezeo, a builder, expressed concern about the escalating cost of building materials, particularly cement, making it challenging for people to construct homes. He emphasized, “You can imagine that a bag of cement now sells beyond N10,000.00. Tell me how people are going to build. This is for cement alone, not to talk of rods.”
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Mrs. Sylvia Nweze, a landlady, expressed gratitude for completing a toilet project initiated in December, managing to finish before the surge in cement prices. Stay informed with News Week Nigeria for the latest developments.
