The Minister of Works, David Umahi, has charged cement manufacturers in Nigeria to reduce the price of the product from the current ₦9,500 per bag to ₦7,000.
Umahi said with the crashing rate of the dollar to naira, and the reduction in petrol prices, it is normal to expect a reduction in the price of cement as well.
The Minister told the manufacturers to reduce the price of cement to ₦7,000 within one week, or he would have to report them to President Bola Tinubu.