Nigerian cement dealers concerned over prices

Nigerian cement dealers concerned over prices
14 February 2011

Cement dealers in Abuja have decried the scarcity and high cost of the product in the country.

Mr Obinna Uzor, a dealer at the Mararaba Building Materials Market, Nasarawa State, bordering Abuja, told the News Agency of Nigeria (NAN) on Sunday that the problem had a negative multiplier effect on the economy.

According to him, many cement industries, especially Dangote, are operating below full capacity due to the scarcity of black oil to power industrial machinery.

“You know that the demand for clement is always very high in the first quarter of the year; so because of the scarcity, the price has gone up.

“Before the scarcity, a bag of cement was selling at between N1,500 and N1,550, but now it sells at between N1,600 and N1,800,” he said.
Published under Cement News