How expensive cement is worsening Nigeria’s housing nightmare

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For a fact, cement inflation is accelerating Nigeria’s housing deficit and that is because it is a major component of building any infrastructure.
Disturbingly, the price of this essential commodity is sky-high, with no hope an imminent fall.
With its price currently oscillating between N11,000 and N13,500 per 50kg bag nationwide, builders and homeowners are lamenting endlessly.
Also in tears are renters.
For many Nigerians, discussions about renting or buying a home have become increasingly difficult as housing costs continue to soar. The scarcity and rising price of cement have emerged as major drivers of the crisis, significantly increasing ...