Cement costs more in Nigeria than Kenya, Tanzania as FCCPC probes pricing
The commission estimates Nigeria’s installed cement production capacity at between 60 million and 65 million metric tonnes annually, while domestic consumption is estimated at between 25 million and 30 million metric tonnes.
The Federal Competition and Consumer Protection Commission (FCCPC) says preliminary findings from an investigation into Nigeria’s cement market have raised concerns over possible manipulation of prices in the sector.
The next stage, according to the commission, will determine whether prevailing cement prices can be explained by legitimate costs and market conditions or whether there is evidence of coordinated conduct, abuse of market power, restriction of domestic supply or other anti-competitive practices.
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