I thought they were supposed to go back to previous price. I thought they had agreed to N7000...What is wrong with us?


https://www.youtube.com/watch?v=Gp53mdaME5o

Nigerian govt, major manufacturers agree on cement price
"Certain issues including smuggling, bad roads, high energy costs, and the forex crisis caused the high price but manufacturers have expressed their readiness to bring down the prices in future," an official said.
ByMary Izuaka February 20, 2024 Reading Time: 2 mins read

Major cement manufacturers in Nigeria, Dangote, BUA and Lafarge have agreed that the price of a bag of cement will not exceed between N7,000 and N8,000.

The resolution was reached following a meeting between the Minister of Works, David Umahi, the Minister of Industry, Trade and Investment, Doris Uzoka-Anite as well as representatives of BUA Cement, Dangote Cement, Lafarge and Cement Producers Association on Monday.

The recent development follows the increase in prices of cement in the country reaching as high as N13,000 in some cement retail shops in Abuja.

According to a communique issued after the meeting, Mr Umahi said the cement manufacturers admitted the high prices in some parts of the country while noting that the retail price should not cost more than N8,000 per 50kg bag of cement.

https://www.premiumtimesng.com/news/top-news/670081-nigerian-govt-major-manufacturers-agree-on-cement-price.html

I bought 9500/bag for half trailer.

Cost of diesel is a major contributor to the high cost of cement. You cannot use force to bring down prices . You first have to find out the underlying cause and tackle it.