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How cement price rose to N3,500 from N2,600 per bag
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By Kingsley Adegboye
Cement is a major component in construction works, and accounts for between 40 and 45 per cent to deliver a building project.
But the unexpected hike in the price of cement in November 2020 by about 50 per cent, which caught Nigerians napping, has remained a major headache to players in the Nigeria’s building construction industry who are already grappling with several other challenges.
Before the sudden hike in cement price in November 2020 to N3,500 per 50kg bag, the same 50kg bag was sold for N2,600.