Niger Moves to Slash Cement Prices By 35% To Boost Construction And Economy

Niger’s government has announced a sweeping tax exemption on gray cement imports and production, this significant move is aimed at lowering construction costs and stimulating economic growth.

Brigadier General Abdourahamane Tiani, the head of the government, signed an order that eliminates seven key taxes on companies that import, produce, and sell gray cement, resulting in an expected price drop of 35 per cent.

The Ministry of Commerce and Industry has set new ceiling prices for gray cement across Niger’s eight regions.

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In the capital, Niamey, the price of a ton of cement is now capped at 55,000 CFA francs, a considerable reduction intended to ease the burden on both construction companies and individual builders. The price cuts are expected to fuel infrastructure development across the country.

This special tax regime will be in place for one year, with the possibility of renewal, as the government is working to ensure affordable building materials while spurring economic recovery. 

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Oluwasegun Sanusi

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