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 DAILY POST 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 DAILY POST 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.

https://dailypost.ng/2024/02/16/cement-price-surges-to-n15000-in-abuja/

What a nation.

Produced in Kogi some 100 miles away yet going for $10 per 50kg bag.

Stop spreading fake news. These fake news has negative effects on prices of goods

This is really high. Certainly these are one of the reasons property prices keep skyrocketing.
Who ever have enough money and buys home today is blessed. Please secure as little as you can and use it for business ideas for to generate income even if building a home seems impossible. There are still some affordable lands in rural areas and our villages.


Own Your Tomorrow- https://beyourlandlord.ng/

So even the bua cement that these online tinubu hungry boys were bragging about about has left tinubu agreement and japa to 15K.
Truly tinubu is a curse.

Somalia is becoming better than Nigeria

Tinubu has finally destroyed Nigeria

The naira is collapsing on daily basis but most Nigerians are too ignorant to realize it, by this time next year,a bag of cement might be selling for #20,000 or more.

Beautifulday:
Stop spreading fake news. These fake news has negative effects on prices of goods

Did you read the thread at all?
Didn't you see the source?!

Dem go dey pose….
Dem go denge denge dem go dey pose.

Abeg wake me when cement price reach 20k for one bag. Na who need house dey buy cement

ok

COMRADES the joke is on Nigeria