Vunderkind
Social Member
The price of cement in Nigeria is 300 per cent higher than the price of the same product in countries like Egypt, China, Taiwan, India, Japan, Norway, Turkey, Indonesian, Pakistan, Iran, Iraq and others.
This observation was contained in a letter addressed to the Presidency and made available to newsmen in Lagos, by the President, Cement Producers Association of Nigeria (CPAN), who is also a member of Nigeria Chambers of Commerce, Industry, Mines and Association (NACCIMA), Mr. David Iweta.
According to him, 50kg bag cement in countries that have attained sufficiency in cement production, is being sold for the equivalent of Nigeria’s N500, while in Nigeria the product is selling for around N2, 000.
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Source: Daily Independent
This observation was contained in a letter addressed to the Presidency and made available to newsmen in Lagos, by the President, Cement Producers Association of Nigeria (CPAN), who is also a member of Nigeria Chambers of Commerce, Industry, Mines and Association (NACCIMA), Mr. David Iweta.
According to him, 50kg bag cement in countries that have attained sufficiency in cement production, is being sold for the equivalent of Nigeria’s N500, while in Nigeria the product is selling for around N2, 000.
Click here to read more
Source: Daily Independent
