COMPLETE COST LIST FOR CEMENT MADE BY BUA, DANGOTE, LAFARGE, IBETO, AND OTHER COMPANIES

Babatunji Wusu –

According to investigations, in spite of the agreement between the Federal Government and the manufacturers, retailers of the nation’s largest cement makers have kept the commodity on the market at exorbitant prices.

Cement producers Dangote, Lafarge, BUA, and others had committed to selling 50 kg bags of cement for between N7,000 and N8,000.

At a meeting called by David Umahi, Minister of Works, an agreement was achieved.

Cement is reportedly being sold in the Idimu region of Lagos state for as much as N10,000 and N11,000, notwithstanding the original arrangement, according to reports from The Nation.

Furthermore, a Legit poll found that the agreed-upon pricing have not yet been adopted.

The previously stated publication was informed by a dealer named Kunle that a bag of cement was still being sold for more than N7,000.

“All the talk about N7,000 is just in the media; I still pay my suppliers more than N7,000,” he remarked.

These are the current cement market prices determined by the conducted survey.

N11,000 to N12,500 for Dangote Cement Plc

N12,000 to N14,000 for Lafarge Africa Plc

N10,000 and N11,000 for BUA Cement

Cement from UNICEM: N12,000 to N14,000
Cement Ibeto: between N10,000 to N11,000.