Nigeria: With Cheaper Cement Price, Will Per Capita Consumption Increase?

[Vanguard]Three weeks ago, Nigeria's 170 million populations woke up to happy news that cement is now N1, 000 per bag. For almost ten years (2005 - 2014) the price of the commodity had been hovering at N2, 500; N2, 200; N1, 750 per 50kg bag, depending on the brands and location. The sudden new price regime therefore came as unbelievable to Nigerians but news screamed the headlines while radio/TV newspapers review confirmed it. Dangote Cement Plc who led the industry to slash the price of the company's cement by 40 p