Cement Price in Nigeria Today May 2024

Mubashir Shehu

6 months ago

Dangote Bua Lafarge Cement price in Nigeria today

In this article, we will provide you with the latest Cement Price update in Nigeria for today, 3rd May 2024, with different manufacturers with their various prices.

In recent months, the Federal Government and Cement Manufacturers have held a meeting to end Cement Price hikes across the Country which leads to a lower turn out of buyers in the Cement industry.

Despite that, the Cement price remains surged, ignoring the recent agreement between the Federal Government and Manufacturers.

Contents

1 What the Agreement Between the Federal Government and Cement Manufacturers Means:
2 Read Also: Dollar to Naira Black Market Exchange Rate Today 4th May 2024
3 Price Agreements for Retailers Compliances
4 How Much is the Cement Price in Nigeria Today 3 May 2024?
5 Related: Latest News on Price of 50kg Bag of Cement in Nigeria – May 4th, 2024

What the Agreement Between the Federal Government and Cement Manufacturers Means:

The recent agreement between the President Bola Ahmed Tinubu government and the Cement Manufacturers which include Dangote Cement, BUA Cement Lafarge, Ibeto, and others, sought to bring the right price for the benefit of our country.

Read Also: Dollar to Naira Black Market Exchange Rate Today 4th May 2024

The Federal Government and Cement Manufacturers agreement seems to bring the 50kg bag of cement to be priced within the range of N7,000 to N8,000.

Price Agreements for Retailers Compliances

Many Cement Retailers ignore the recent Federal Government agreement to slash the cement price, which many use to sell cement at a high price, the prices that the Federal Government wants are between N7,000 and N8,500 per 50kg bag of cement.