says that the price of a bag of cement from its factories and plants in Obajana and Gboko is N2,450, and N2,510 at Ibese. He attributed the high cost of cement in Nigeria to the global rise in demand for cement as a result of the COVID-19 crisis. “This is all in a bid to guarantee that we meet demands and keep the price of cement within control in the country. “Despite this, Dangote Cement has not increased ex-factory prices since December 2019 till date while prices of most other building materials have gone up significantly,” he added. He said that though, the company has direct control over its ex-factory prices, it cannot control the ultimate price of cement when it gets to the open market.

Source: Punch April 13, 2021 10:18 UTC