The prices of cement have risen by 67% in the South-East states of Abia, Anambra, Ebonyi, Enugu and Imo.
This is as some residents of the North-Eastern part of the country also complained of price hike of cement, which they attributed to the scarcity of the product and the activities of middlemen who try to capitalize on the situation.
According to a report from the News Agency of Nigeria (NAN), a market survey conducted at various wholesale and retail shops in the eastern zone shows that the price of the product has almost doubled when compared to the price in 2020.
What the cement traders in the eastern states are saying
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Prices of cement have increased by 67 per cent in the South-east states of Abia, Anambra, Ebonyi, Enugu and Imo, the News Agency of Nigeria (NAN) reports.
A market survey conducted by NAN at various wholesale and retail shops in the zone shows that the price of the product has increased almost by double when compared to the price in 2020.
A cement dealer at Kenyetta Market in Enugu State capital, Ifeanyi Amadi said the increase in the product’s price started last year due to the COVID-19 pandemic and the increase in dollar exchange.
He said a trailer load of
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Cement. br PHOTO: AFPPrices of cement has increased by 67 per cent in the South East states of Abia, Anambra, Ebonyi, Enugu and Imo, the News Agency of Nigeria (NAN) reports.
A market survey conducted by NAN at various wholesale and retail shops in the zone shows that the price of the product has increased almost by double when compared to the price in 2020. x
A cement dealer at Kenyetta Market in Enugu State capital, Mr Ifeanyi Amadi said the increase in the product’s price started last year due to the COVID-19 pandemic and increase in dollar exchange.
He noted that a trailer load of Dangote cement with 600 bags initially sold at N1.5 million in 2020 but is now N2.3 million in the first quarter of 2021.
Cement prices soar in South-East Market survey
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Prices of cement have increased by 67 per cent in the South-East states of Abia, Anambra, Ebonyi, Enugu and Imo.
A market survey conducted by NAN at various wholesale and retail shops in the zone shows that the price of the product has increased almost by double when compared to the price in 2020.
A cement dealer at Kenyetta Market in Enugu State capital, Mr Ifeanyi Amadi said the increase in the product’s price started last year due to the COVID-19 pandemic and increase in dollar exchange.
He noted that a trailer load of Dangote cement with 600 bags initially sold at N1.5 million in 2020 but is now N2.3 million in the first quarter of 2021.