CEMENT PRICE REDUCTION! See The States With The Cheapest Prices For 50kg Per
In a turn of events that has sparked widespread jubilation among builders and homeowners alike, the cost of cement has taken a significant dive.
The once towering prices that cast long shadows over construction projects are now crumbling like a poorly mixed batch of concrete.
This price plummet is not just a mere dip; it’s a nosedive into affordability that has left consumers dancing in the aisles of hardware stores.
List Of States With Cheapest Prices Of Cement As Cost Drops
The winds of change have blown favorably across some northern states, according to a recent survey, bringing with them a refreshing decline in cement prices.
A report from Legit reveals that industry giants- Dangote, Lafarge, and BUA-are now in a near deadlock, selling their sacks of potential structures at strikingly similar prices.
Despite the Nigerian government’s valiant efforts to rein in the surging costs of construction materials, cement has remained a costly affair in the nation, especially when compared to its African counterparts. However, the tide seems to be turning. States With Lowest Prices
The Federal Capital Territory (FCT), Niger, and Nasarawa have emerged as the front-runners in this race to affordability.
Cement here is now being sold for between N8, 000 and N9, 500- a stark contrast to the previous rates that soared above N13, 000 per bag.
The breakdown is as follows:
– Dangote Cement: N8, 000-N9, 500 – Lafarge Cement: N8, 000- N9, 300
– BUA Cement: N7, 500- N9, 000 Market insiders have shed light on the dynamics at play following the government’s directive to manufacturers to slash prices. Traders, while optimistic about further reductions, remain cautious.
The triad of manufacturers, wholesalers, and retailers holds the reins tightly, influencing the final price tag that reaches the end user.
The disparity in prices, as they explain, stems from the procurement process. Some traders get their stock straight from the fiery kilns of the manufacturers, while others go through dealers, which can add to the cost.
As the dust settles on this latest development, the hope is that this trend will cement itself firmly, paving the way for more affordable construction and a
brighter economic outlook.
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