Retailers of major cement producers in the country have continued to sell the commodity at a high price despite the agreement between the Federal Government and the manufacturers..…..CONTINUE READING>>>>>>
Recall that Dangote, Lafarge, BUA and other cement producers had agreed to sell 50kg bag of cement between the price of N7,000 and N8,000.
The agreement was reached at a meeting initiated by the Minister of Works, David Umahi.
However, despite the initial agreement, reports from The Nation have shown that cement is being sold for as high as N10,000 and N11,000 in the Idimu area of Lagos state.
Also, a survey revealed that the agreed prices are yet to be implemented.
A trader identified as Kunle said that a bag of cement was still being sold for over N7,000.
He said: “All the talk about N7,000 is just in the media; I still buy from my suppliers at above N7,000.”
Here are the current market prices of cement based on the survey carried out,…..CONTINUE READING>>>>>>
