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News Nigeria considers reopening borders for cement imports to control prices

Nigeria considers reopening borders for cement imports to control prices

Written by Global Cement staff 12 April 2024
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Nigeria: The government has threatened to reopen borders for mass cement importation if local producers do not reduce prices. The Minister of Housing and Urban Development, Ahmed Dangiwa, said that the country had recently seen a ‘recurring and concerning increase in the price of cement’, according to the People’s Daily newspaper. Recent price hikes have threatened an agreement made in February 2024 to stabilise the price of cement. The government had previously halted cement imports to boost local production and affordability, yet producers cite high fuel and equipment costs as factors driving up prices.

The Cement Manufacturing Association of Nigeria has been criticised for its inaction in price regulation. Dangiwa said “The association is expected to monitor price control, otherwise it has no need to exist.”

Last modified on 17 April 2024
Published in Global Cement News
Tagged under
  • Nigeria
  • Government
  • Import
  • Price
  • Cement Manufacturing Association of Nigeria
  • GCW655
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