Nigeria, Feb. 27 -- The Federal Government has called on cement producers to reduce their pricing to N7,000, pointing to better economic times.

According to a statement on the ministry's website, Sen. Engr. Nweze David Umahi, the Minister of Works, requested this during a meeting held on February 26, 2025, at the Ministry's headquarters in Abuja.

Umahi pointed out that reduced cement costs result from the naira stabilizing at roughly N1,400 to the dollar and falling petrol prices.

He criticized the current N9,500 pricing, pointing out that despite the naira's recovery, manufacturers had not changed their prices since raising them when the dollar was about N2,000.

A dollar is worth roughly N1,400 now. I want to take this opportunity to...