Dealers Quote New Price for Bag of Cement, Concrete Block [Video]

• Cement manufacturers have adjusted the product price again amid rising production costs and the depreciation of the naira.
• Reports reveal that the average price of a bag of cement across the country is now above N8,000
• There is also an increase in the price of concrete blocks and other building materials in the country

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Cement dealers have raised the price of a 50kg bag of cement to between N8,800 and N9,000, depending on location.

Similarly, the price of concrete blocks and other building materials has skyrocketed.

New cement price

Daily Trust reports that cement prices have surged from N4,000 to N8,800 per bag, representing a 100% increase.

Similarly, the Guardian reports that the cement manufacturers’ association in Nigeriaonce again raised the prices …