Residents in Anambra are expressing deep concerns over the surging cost of cement, with a call to the Federal Government to intervene and address what they perceive as a monopoly in the industry, primarily dominated by Dangote Cement. The rising prices, reaching N5,800 per bag, have triggered apprehension among citizens, leading to urgent appeals for government action to ensure affordability and fair competition.
Citizens in Anambra state are making an urgent appeal for measures to reduce the price of cement to N1,000 per bag. The prevailing rates are raising fears among residents that continued high costs could potentially leave many families without homes.
Mr. Jones Uzor, a dealer in the region, voiced his concerns, stating, “The Federal Government should liberalize the cement business by licensing Nigerians capable of doing the business. Competition in business remains the only way to get the best quality of goods and services at a reduced, considerate price.”
Critics, including Uzor, have expressed dissatisfaction with the apparent monopoly in the cement industry, highlighting the exclusive license granted to Dangote Cement for production and marketing.
Uzor emphasized the need for a more open and competitive market, asserting that this would not only drive down prices but also enhance the overall quality of cement products available to consumers.
Uzor stated, “Why would the Federal Government give a license to produce cement to only one man in a country of over 250 million people, if not for the simple reason of oppressing them?”
Residents argue that the exorbitant cost of cement is hindering development projects, preventing individuals and organizations from embarking on construction ventures. They contend that the economic slowdown resulting from high cement prices is detrimental to the overall progress of the nation.
Individual stories, such as that of Mr. Tochukwu Uche, a young trader, reflect the widespread struggles with rising cement prices.
Uche noted, “I wanted to build a house in my town before marrying a wife to settle down like a responsible young man, but I am confused about achieving this important achievement. The worst is that cement continues to increase in price every day.”
