The commodity was sold at N1,650, a 13% reduction in the N1,900 it was sold in June and July
The price of cement has dropped in major towns of Delta State, a recent survey has shown.
The survey revealed that the price of a bag of the commodity was sold for N1, 650 since the beginning of August compared to the N1, 900 it was sold at in June and July. This is about a 13 per cent drop in prices.
According to the survey, the brands most affected by the price fall were Dangote and Elephant Cements. It showed that the decrease was recorded in Asaba, Warri, Sapele, Ughelli, Agbor and Issele-Uku.
Some cement dealers in Asaba, who spoke with our correspondence, attributed the reduction to the directive issued by the federal government to cement manufacturers and importers in May. The FG had, then, directed cement manufacturers and distributors to reduce the commodity’s prices to make it affordable to most Nigerians.
Chinwe Ofili, one of the cement dealers in the state capital, said that the product which she received last week was supplied to her at the rate of N1, 550 per bag.
“Since then, I have been selling it at N1, 650 a bag,” she said.
Another dealer, Okadike Eze corroborated Ofili. He, however, appealed to manufacturers and distributors to further reduce the price of the commodity; explaining that further reduction in the price of cement would increase the level of patronage the sellers receives.
“The demand for the product has started a gradual rise also, and this is as a result of the new price,” he said. “When we were selling at the rate of N2, 300, people stopped buying cement and this really affected our business. But, today, even when we are in the rainy season, you still see people buying cement.”
He commended the federal government for intervening in the cement price regime and urged it to monitor the situation to ensure it does not arise again.
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