News Report for FrontNaija:
In a bold economic move aimed at revitalizing the construction sector and improving access to affordable housing, the Government of Niger has announced a 35% reduction in cement prices across the country. The decision, officially disclosed by authorities, also includes a temporary ban on cement exports to prioritize domestic needs and stabilize the local market.
According to TVC News, the new price structure places a ton of cement between 51,000 and 59,000 FCFA, depending on the region. In the capital city, Niamey, a 50kg bag now sells for 2,750 FCFA, a significant relief for builders, contractors, and citizens embarking on housing projects.
Government officials say the measure is part of a broader initiative to stimulate the national construction industry, create more local jobs, and make housing more accessible to ordinary citizens. New cement factories are also under construction across the country to increase national production capacity and reduce reliance on imports.
The export prohibition, according to the government, is a temporary but strategic policy designed to ensure that local consumers benefit first before foreign markets are served.
With these reforms, Niger’s leadership aims to boost infrastructure development, encourage private investments, and support the nation’s growing urbanization drive.
Observers believe this move could set a positive example for other West African nations struggling with rising construction costs and housing deficits.
FrontNaija Comment Box: 💬
This is a smart and people-oriented policy by the Niger government 👏. Reducing cement prices by 35% and stopping exports to focus on local needs will definitely make housing more affordable and stimulate real development. Other African countries facing high construction costs should take a cue from this! 🏗️🇳🇪
What’s your take? Do you think Nigeria and other neighbors should do the same? Drop your thoughts below 👇💭
Source: TVC News
Published by: FrontNaija News
