Cement manufacturers reveal why price of 50kg bag skyrocketed to N15,000

  • Cement manufacturers have revealed the reason prices of cement suddenly skyrocketed in the last few weeks
  • They listed challenges such as import duties, poor road infrastructure, and forex rates as the reasons for the hike
  • They added that the significant gap between demand and supply has significantly contributed to the price surge

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

Cement manufacturers have attributed the abrupt rise in commodity prices across the nation to a significant surge in their operational expenses.