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Nigerians pay more for cement than African neighbours – FCCPC

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Nigerians pay more for cement than African neighbours – FCCPC

19 Aug, 2026

The Federal Competition and Consumer Protection Commission has said its preliminary investigation into Nigeria’s cement industry suggests possible manipulation of cement prices, following widespread complaints over the soaring cost of the commodity despite the country’s large production capacity and abundant limestone deposits. It has also opened an investigation into possible price manipulation in Nigeria’s cement industry after a three-month inquiry raised concerns that prevailing market conditions may not fully explain the cost of the building material.....................….......READ MORE