The Federal Competition and Consumer Protection Commission (FCCPC) has launched an investigation into why Nigerian consumers pay more for cement than their counterparts in other African countries, despite the nation’s significant production capacity.
The agency confirmed the probe on Tuesday, following an extensive industry-wide review that suggests possible price manipulation by manufacturers.
This development comes as the cost of cement continues to soar, placing an additional burden on ordinary Nigerians already grappling with high inflation.
The FCCPC’s move signals a potential crackdown on unfair pricing practices, which have long been a source of frustration for builders and homeowners across the country.
Stakeholders are watching closely to see if the investigation will lead to tangible reductions in the price of this essential building material, which has become a major driver of construction costs nationwide.
