•Bags of cement The National Association of Block moulders of Nigeria (NABMON) has urged the federal government to reduce import duties on cement manufacturing components to attract more foreign investment in the sector. The National President, NABMON, Mr Adesegun Banjoko, gave the advice in a statement issued today in Lagos. He said the price...
•Bags of cement Nigerians, especially the low and middle-income earners, have cried out over the present high cost of cement saying they will no longer be able to own their houses in the country. This is just as the Real Estate Developers Association of Nigeria, REDAN, declared that unless a sustainable solution was found to […]
•Bags of cement Dangote, BUA, Lafarge and other cement major manufacturers agreed to reduce the price of cement after a meeting with the federal government. The meeting initiated by the minister of Works, David Umahi was also attended by the minister of Industry, Trade, and Investment, Uzoka-Anite, in Abuja on Monday, February 19, 2024, report...
As the economic downturn continues, all areas of Nigerian lives and plans are also striving to grapple with the situation, as areas like housing and rent are also being affected. Nigerians are used to building with cement, but now have to go for other alternatives, as the price of cement is now on the high […]
•Bags of cement The rising cost of building materials is triggering abandoned projects, posing significant threats to the construction sector, and exacerbating the existing housing deficit gap, reports Sunday PUNCH. The recent surge in cement prices has reverberated throughout the real estate market, sparking an unexpected increase in property...
•Bags of cement Developers in the built industry have rejected the agreement reached between the federal government and cement manufacturers. At the meeting, it was resolved that prices of cement will be reduced to between N7,000 and N8,000. In an exclusive interview with our correspondent, the President of the Real Estate Developers Associati...
The federal government has threatened the possibility of opening the borders to cement importation if Nigerian cement manufacturers refuse to play ball on cement reduction in the country. It also said that although it is aware of the macroeconomic challenges facing the country some of the key components of producing building materials, especia...
Cement manufacturers have agreed to sell a 50kg bag of cement at a retail price between N7,000 and N8,000, depending on location nationwide. However, the manufacturers stated that the price drop from the current market price would depend on the fulfilment of certain government interventions to ameliorate critical challenges faced in the indust...
•Sunny Onuesoke Peoples Democratic Party (PDP) chieftain and former Delta State governorship candidate, Chief Sunny Onuesoke, has expressed anger over the astronomical hike in cement prices across the country. Consequently, he has appealed to builders to suspend whatever projects they are undertaking temporarily until the price of cement retur...
•Bags of cement In a bid to stem the rising cost of cement and other building materials and enhance the delivery of affordable housing in Nigeria, the Minister of Housing and Urban Development, Ahmed Dangiwa has called for a meeting with manufacturers of Cement and other building materials in the country. The move is aimed […]