BREAKING: A Bag of Cement hits N11,000 in Lagos

Residents of Lagos state’s Idimu neighborhood are still having to deal with costs between N10,000 and N11,000, despite a rumored agreement between manufacturers and the government that cement should be sold for N7,000.

A local retailer going by the name Alhaja denied any knowledge of cement being sold for N7,000, calling it all gossip. She claims that Dangote Group stopped accepting payments during talks with the federal government. When they reopened, the costs went up much more.

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Alhaja remarked, “Even BUA, which initially sold for N3,500, swiftly raised its prices. Last week, Dangote’s payment portal was inaccessible, only to reopen with a N400 increase. The talk of N7,000 is merely media hype; it’s far from reality. But we hope for its implementation soon, as these price hikes severely impede business.”

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Another retailer, requesting anonymity, echoed Alhaja’s sentiment, revealing a complete absence of cement stock. He lamented, “At this juncture, I’m at a loss. Cement is beyond reach, and restocking seems impossible.

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The N7,000 figure touted in the news is unrealistic. Prices surged by N400 after discussions with the government. We can only hope for a swift resolution to this crisis.”

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