Cement costs have risen 67 p.c within the southeastern states of Abia, Anambra, Ebonyi, Enugu and Imo, studies the Nigeria Information Company (NAN).

A market research carried out by NAN in numerous wholesale and retail shops within the zone exhibits that the product value has virtually doubled in comparison with the value in 2020.

A cement dealer within the Kenyetta market within the capital of Enugu state, Ifeanyi Amadi, stated the value of the product started to rise final yr as a result of COVID-19 pandemic and the rise within the greenback.

He famous {that a} trailer load of 600 sacks of Dangote cement was initially bought for N 1.5 million in 2020, however was bought for N 2.3 million within the first quarter of 2021. N.

“Costs change every day. As we converse, I can not assure that the costs will likely be bought tomorrow,” he stated.

One other retailer at Uwani, Samuel Uwakwe, stated he was stunned on the product’s costs within the nation.

In keeping with him, a bag of Dangote Cement is bought for N 3,900, Unicem for N 3,700; Bua Cement for N3.700 and Kogi Tremendous Cement is bought for N3.600.

Uwakwe complained that few individuals have been allowed to ship the product and requested suppliers to decrease costs and make it out there to residents.

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