CEMENT CHEAPER IN KENYA, TOGO THAN NIGERIA – FCCPC PROBE

Cement is reportedly more expensive in Nigeria than in Kenya and Togo, according to findings from an investigation by the Federal Competition and Consumer Protection Commission.

The commission said the price differences had raised concerns about the factors driving the cost of cement in Nigeria and prompted further examination of the industry.

The investigation is expected to examine pricing structures, production costs, distribution networks, market competition, and other factors that may be contributing to the high cost of cement in the country.

The FCCPC said understanding the reasons behind the price disparity would help determine whether consumers were being exposed to unfair pricing practices.

Industry stakeholders said the high cost of cement has significant implications for Nigeria’s construction and housing sectors, where cement remains a major building material.

They noted that rising cement prices have increased construction costs and made it more difficult for individuals and businesses to complete housing and infrastructure projects.

Analysts said factors such as energy costs, transportation, raw material expenses, financing, exchange rate pressures, and distribution could influence cement prices across different markets.

They urged the government to address structural challenges affecting local production while ensuring that competition within the industry remains healthy.

The FCCPC is expected to engage manufacturers, distributors, retailers, and other industry participants as it examines the factors responsible for the price differences.

Consumer advocates called for greater transparency in cement pricing and stronger measures to protect buyers from unfair market practices.

Industry experts also stressed the importance of improving logistics, reducing production costs, and encouraging investment to make cement more affordable.

The investigation comes amid continued concerns over the rising cost of building materials and its impact on Nigeria’s housing deficit.

The FCCPC said its findings would help guide appropriate regulatory action and promote a more competitive market that protects consumers while supporting legitimate businesses.