Nigerians building homes and businesses have been hit hard by a recent surge in cement prices. News reports in February indicated a jump from N4,000-5,000 per bag to a staggering N10,000-15,000 in some areas! This caused the government to intervene, meeting with major cement producers like Dangote, BUA, and Lafarge.
Unfortunately, there isn't readily available official information on today's (March 17th, 2024) specific prices for Dangote, BUA, and Lafarge cement.
Here's what we do know:
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The Federal Government addressed the price increase with cement companies in February.
The outcome of those meetings regarding pricing hasn't been made public yet.
What can you do?
Contact your local Dangote, BUA, or Lafarge cement distributors directly to inquire about current prices.
Building material retailers in your area may also have the most up-to-date information.
Consider reaching out to the Federal Ministry of Works and Industry for any official updates on cement prices.
Stay Informed
The situation is fluid, so keep an eye on reliable news sources for updates on cement prices. You can also check the Dangote, BUA, and Lafarge websites for any official price announcements.
Alternative Solutions
While waiting for a price stabilization, explore these options:
Can you substitute a smaller quantity of higher-grade cement for a larger amount of standard cement?
Are there alternative building materials suitable for your project?
This is a developing situation, and hopefully, there will be more clarity on cement prices soon. By being proactive and seeking the latest information, you can make informed decisions for your building projects.
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