Cement manufacturers in Nigeria have agreed to bring down the price of the product to between N7,000 and N8,000 per 50kg depending on the location nationwide.
The manufacturers present also expressed their readiness to bring down the prices in the future as soon as the Federal Government intervention is fulfilled.
This agreement between the Federal Government and the manufacturers was reached at a meeting called by the Minister of Works Senator David Umahi on Monday in Abuja.
Also in attendance at the meeting was the Minister of Industry, Trade, and Investment Doris Uzoka-Anite.
Uzoka-Anite says efforts are being made to tackle the underlying reasons for the abrupt increase in commodity prices.
