Nigerians call for price control policies in construction sector as Cement Price spikes 67% in South Eastern states naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
Enugu, April 19, 2021 Prices 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.
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.
Customers groan as prices of cement surge in south-east
April 17
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This is according to a market survey conducted by NAN at various wholesale and retail shops in Abia, Anambra, Ebonyi, Enugu, and Imo states.
The report showed that cement prices have increased by 67 percent in these states.
In Enugu, customers said a trailer load of Dangote cement with 600 bags, which sold at N1.5 million in 2020, was sold for N2.3 million in the first quarter of 2021.
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The survey showed that a bag of Dangote cement in the state is sold at N3,900, Kogi Super cement goes for N3,600 while UNICEM and BUA are sold for N3,700.
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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
Consumers groan as cement price soar in South East today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.