Cement

Cement Craze in Nigeria: From Price Surges to Calls for Support

Discover the wild world of cement in Nigeria! Find out why consumers are urged to buy local cement and the challenges faced by bricklayers and labourers. Dive into the chaos of fluctuating cement prices and the efforts to stabilize the market. Learn about the interesting responses from BUA Cement to price pressures.

Consumers in Nigeria are being encouraged to support local cement manufacturers amidst an influx of imported alternatives. The Cement Manufacturers Association of the Philippines is spearheading the 'Buy local, Build local' campaign to boost the local industry. Meanwhile, BUA Cement made headlines with its price announcement that caused a frenzy in the building materials market. Bricklayers and labourers in Ibadan expressed dismay over the rising cement prices, impacting their livelihoods significantly. The escalating cost of cement has triggered concerns among stakeholders in the construction sector, leading to debates on economic implications.

Amidst the uproar, retail prices for cement doubled within a week, creating turmoil in the market. This unexpected surge from N5,000 to N10,000 per bag has sent shockwaves through the construction industry. As development projects drive the demand for cement in Nigeria, understanding the current market prices is crucial for effective planning. BUA Cement's response to the pressure from a civil society group to lower prices has added another layer of complexity to the situation.

In light of these challenges, quantity surveyors are calling on the Federal Government to intervene by opening borders to stabilize cement prices. The recent discussions between the government and local manufacturers reflect the urgency to address the issue. Stay tuned for more updates on the cement market as stakeholders navigate the evolving landscape.

Did you know that the price of cement in Nigeria can fluctuate drastically within a short period, impacting various industries and livelihoods? Stay informed to make wise decisions in the construction sector. Stay tuned for more insights and updates on the dynamic cement market in Nigeria.