Story perspectives

NABMON Urges Cement Production Boost to Stabilize Prices

1/2/2025

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Summary

Story summary

NABMON urges the Federal Government to increase local cement production to foster competition and stabilize prices.
Current high cement prices of N10,000 per bag jeopardize industry profitability and construction affordability.
The association advocates for short-term cement imports to address supply and demand imbalances.
NABMON supports new government policies and stresses the importance of adhering to building standards.
Collaboration with the government for accurate industry data is also recommended.

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Story summary

NABMON urges the Federal Government to increase local cement production to foster competition and stabilize prices.
Current high cement prices of N10,000 per bag jeopardize industry profitability and construction affordability.
The association advocates for short-term cement imports to address supply and demand imbalances.
NABMON supports new government policies and stresses the importance of adhering to building standards.
Collaboration with the government for accurate industry data is also recommended.