Labourers stand on top of a trailer transporting cement along Ajah-Lagos expressway in Nigeria's commercial capital Lagos, Nigeria June 3, 2017. Cement firms raised prices during Nigeria's 2016 recession to counter low sales volumes, and price have continued to rise. Nigeria's high prices are part of a continent-wide trend. Final cement prices in Africa are 183% higher, on average, than world cement prices, the World Bank said in a 2016 report. But Nigeria's prices are high, even compared to other African countries, according to Joachim MacEbong, a senior analyst at Lagos-based consultancy SBM Intelligence.

Source: Standard Digital May 12, 2021 12:00 UTC