Topic: A sudden slash in the price of cement. (Read 35 times)
My country people. This na the type of news we want to dey hear every day for we country Nigeria. The rate at which building materials skyrocket no be small. This thing make people wey been dey build pause their house project. The ones dem wey want to begin to build suspend their own too as a result of the increase in the price of building materials. Wetin come to baffle me be say Naija get limestone and these cement factories dem dey for here how come the price for the cement per bag come to increase to a point wey be say the price too high to talk about.
I became curious to know the reasons behind this sudden slash in price per bag of cement by this company. After reading the circular as published by the organization, I could not see any tangible reasons but I was having this thought if they could have teamed up initially to increase the price for just no reason, and now the only best-known reasons for this company to have decided to drastically slash the price with immediate price effect all over the nation. This is a good move because it would cause others to drop prices as well and the competition would be very high among the cement producers on the other hand, would other cement producers not come for him for taking such measures because I know this would affect the rest of the other producers.
Well, I have no idea how effective it would be but I believe that this decision would make others sit up.
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