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Block Moulders in the country have concluded plans to raise the prices of blocks by between 11 per cent and over 30 per cent, following the recent increase in the prices of cement.
According to PUNCH, the moulders are expected to call off their five day old strike on Friday with the new price regime for blocks coming into effect immediately.
The President, National Association of Block Moulders of Nigeria, Alhaji Rasco Adebowale, said on Thursday that with the new price regime, the 6x9x18 load-bearing blocks would sell for N220 per unit, accounting for a 37.5 per cent increase over the previous price of N160.
The 9x9x18 load-bearing blocks will sell for N250 per unit, up from N220, while the 6x9x18 and 9x9x18 non-load bearing blocks will sell for N200 and N180, up from N180 and N160 per unit, respectively, according to him.
According to PUNCH, the moulders are expected to call off their five day old strike on Friday with the new price regime for blocks coming into effect immediately.
The President, National Association of Block Moulders of Nigeria, Alhaji Rasco Adebowale, said on Thursday that with the new price regime, the 6x9x18 load-bearing blocks would sell for N220 per unit, accounting for a 37.5 per cent increase over the previous price of N160.
The 9x9x18 load-bearing blocks will sell for N250 per unit, up from N220, while the 6x9x18 and 9x9x18 non-load bearing blocks will sell for N200 and N180, up from N180 and N160 per unit, respectively, according to him.
