PRICE OF CEMENT: Some Benin City Residents Advocate Price Control Measures

Some Benin City residents have called on the Federal Government to put price control measures in place to check arbitrary increase of goods and commodities.
They were commenting on the increase in the price of a bag of cement.
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[@DESOPECLimited-dj5kf]

Not just federal government, cement is cheaper in River state but Edo has made the worst mistake for giving their opkila cement factory to Dangote. Oshomohle and obaseki should be asked why they have Edo resources in their private pockets.

[@IsiborInfluence-xd5gb]

Is now 12k in my area now

[@olajidevictor5498]

These folks don't know what they are saying. If the government sets up price board they will set the price at a margin of the cost. If the cost is rising due to exchange rate depreciation the price set by the board will also increase and if the board sets a margin that does not sustain the profits of the importers they will simply go out of business or ask the government for subsidy. So price boards and price regulation cannot solve the problem without generating more costs for the government or causing further price increases - in black markets.

[@emmanuelpeter1306]

Oga Na 8.000 to 8.500 evi leader

[@oron4realnigeria611]

In akwa ibom is 9000N, na god go see una

[@davidessiet5809]

That's the way to go, cuz I see no reason eko rice and other rice produce in Nigeria should b more than 20k

[@OgunniyiOluwasolaopeyemi-cl4xp]

10k yyyyyyyuyyyyy

[@umwenivictoria359]

8500 l bought in benin😊

[@jennyosas2177]

Same here ooo 8500

[@user-im1wy9hg7w]

VOTE FOR Biafran's SELF REFERENDUM FREEDOM and RESTORATION of UNITED STATES of BIAFRA

[@user-dr3pb7ne6c]

Na God go punish all of una 😢