Major cement manufacturers in Nigeria, Dangote, BUA and Lafarge have agreed that the price of a bag of cement will not exceed between N7,000 and N8,000.
The resolution was reached following a meeting between the Minister of Works, David Umahi, the Minister of Industry, Trade and Investment, Doris Uzoka-Anite as well as representatives of BUA Cement, Dangote Cement, Lafarge and Cement Producers Association on Monday.
The recent development follows the increase in prices of cement in the country reaching as high as N13,000 in some cement retail shops in Abuja.
