Nigerians pay more for cement than African neighbours – FCCPC

Nigerians are paying more for cement than their African neighbours, according to the Federal Competition and Consumer Protection Commission (FCCPC). The regulator has been investigating the cement industry for three months and has found preliminary evidence suggesting possible price manipulation.

The FCCPC's investigation followed complaints about the high cost of cement in Nigeria, despite the country's substantial limestone deposits and significant domestic production capacity. The Commission compared cement prices in Nigeria with those in other African countries, including Kenya, Tanzania, South Africa, Egypt, Morocco, and Algeria.

According to the FCCPC, three major cement manufacturers account for over 90 percent of Nigeria's installed production capacity, and all but one of them cooperated with the investigation by providing their records. The Commission's findings are contained in a 40-page field report compiled by its Anticompetitive Practices Department.

Brief written by urgent.news from Punch, Premium Times, Daily Trust — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.