FG Warns Cement Makers to Cut Prices as Nigerians Face High Building Costs

The Federal Government has urged cement manufacturers in Nigeria to immediately reduce the price of the product, citing rising construction costs that are putting pressure on housing development and infrastructure projects across the country.

The call was made as part of efforts to address the high cost of building materials, which officials say is slowing down both private and public sector construction activities. The government argued that cement prices have remained elevated despite improvements in production capacity and local supply.

Authorities said the continued high cost of cement is affecting housing affordability and making it difficult for Nigerians to access decent and low-cost accommodation. They also warned that the situation could hinder ongoing infrastructure projects if not urgently addressed.

Government officials stressed that manufacturers are expected to show social responsibility by aligning prices with current economic realities, especially as local production has reduced dependence on imports.

However, cement producers are yet to respond publicly to the latest directive, while industry watchers say market forces, including energy costs and distribution challenges, continue to influence pricing.

The development adds to ongoing debates about inflation and the cost of essential goods in Nigeria, as citizens continue to grapple with rising living expenses.