Cement sells for N11,000 in Lagos

Cement sells for N11,000 in Lagos

Despite the agreement reached with manufacturers that cement should be sold for N7,000, the product is still being sold for between N10,000 and N11,000 in the Idimu area of Lagos state.

According to her, Dangote blocked all payment portals while negotiations were on with the Federal Government, and by the time it was reopened, the price was hiked again.

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She said: “Even BUA which was selling for N3,500 was the first to hike prices. In fact, the Dangote payment portal was blocked last week, only for them to reopen it and the price was increased by another N400. All the noise of N7,000 is just in the media, it’s not real.

“But we pray and hope it is effected soon enough because this price hike is really slowing down business.”