Costs of cement have elevated by 67 per cent within the South-East states of Abia, Anambra, Ebonyi, Enugu and Imo, the Information Company of Nigeria (NAN) reviews.
A market survey performed by NAN at numerous wholesale and retail retailers within the zone reveals that the product’s value has elevated nearly by double in comparison with the value in 2020.
A cement supplier at Kenyetta Market in Enugu State capital, Ifeanyi Amadi, mentioned the rise within the product’s value began final yr as a result of COVID-19 pandemic and improve in greenback trade.
He famous a trailer load of Dangote cement with 600 baggage initially bought at N1.5 million in 2020 however is now N2.3 million within the first quarter of 2021.
“The costs change every day, in order we’re speaking now, I can’t assure the costs it is going to be bought tomorrow,” he mentioned.
One other retailer at Uwani, Samuel Uwakwe, mentioned he was stunned on the fee costs of the product within the nation.
In keeping with him, a bag of Dangote Cement is bought at N3,900, Unicem for N3,700; Bua Cement for N3,700 and Kogi Tremendous Cement is bought at N3,600.
Uwakwe lamented that few people had been allowed to provide the product and pleaded with suppliers to scale back the costs and make it obtainable for the residents.
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