Connect with us

Economy

Cement Price Surges To N15,000 In Abuja

Published

on

Cement

A 50 kilograms bag of cement in the Federal Capital Territory has surged to between N10,000 and N15,000, DAILY POST reports.

A market survey conducted on Friday by DDM News in Gwarimpa, Area 10, Kubwa, Lugbe and Dawaki showed that a 50kg bag of Dangote cement is N10,000 and BUA cement stood at N15,000.

A retailer in Gwarimpa, Yinka Adebayo, said that the price of Dangote cement is N10,000 while that of BUA is N15,000.

He said he sold a bag of cement for N6,000 in January 2023.

“We sell Dangote cement at N10,000 per bag, and BUA is N15,000. Unfortunately, it will surprise you that I sold the same bag of cement, N5,500 to N6000, last month,” he said.

Similarly, Rukiyat Abdullahi, a retailer in Kubwa, said Dangote cement is sold for N10,200 while BUA goes for N16,000.

“Dangote is now N10,200 while BUA goes for N16,000 per bag”, she told DAILY POST on Friday.

At Lugbe, the retailers confirmed to DDM News that Dangote and BUA cement prices are N10,000 and N15,000, respectively.

Meanwhile, Minister of Housing and Urban Development, Arc. Musa Dangiwa decried the astronomical rise in the price of cement and other building materials across the country.

He said the price hike was unacceptable and insisted the fluctuation in the exchange rate of the dollar could not be blamed.

Recall that for more than five months, the Cement Producers Association of Nigeria cautioned that the Federal Government’s plan to introduce concrete roads could increase cement prices to N9,000 per bag.

The development comes amid a continued soar in Nigeria’s inflation. The National Bureau of Statistics, in its Consumer Price Index report for January, said inflation soared to 29.90 per cent.

See also  Nigerian Athlete Wins Inaugural Rivers Marathon, Takes Home $10m Prize

For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest from DDM TV

Latest Updates

Emir Palace, NDLEA Office Torched in Fury Over Kidnappings

Governor Sule Faces Pressure Over 2027 Successor in Nasarawa

Shocking Testimony Unravels N85 Billion Arik Air Loan Scandal

Osun APC Criticizes Amotekun’s Politicization, Demands Impartiality

Nigerian Troops Crush Terrorists in Bloody Border Clash

Naira Strengthened Against Dollar in June: A Positive Turn for Nigeria

Three Arrested Over Death of Sex Worker in Ondo Brothel

JUST IN: Dangote Refinery Slashes Petrol Costs

Nigeria Joins Forces with UN to Crush Mining Crime Wave

₦30bn Fraud: EFCC Presents Video Evidence Against Ex-Head of Service Oyo-Ita

Subscribe to DDM Newsletter for Latest News