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

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

456
Niger Gold Dan Issa

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.

READ ALSO: Niger Bans Cereal Exports To Protect Local Supply And Keep Prices Affordable, Exempts Mali, Burkina Faso

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. 

About The Author

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Burkinabè Army
NewsSecurity

Burkinabè Army Kills Terrorist Leader Khalidou in Targeted Strike

The Burkinabè army has eliminated terrorist leader Khalidou in a precision airstrike,...

Natasha Petition Recall
News

Recall Petition Against Senator Natasha Fails to Meet Constitutional Requirement – INEC

The Independent National Electoral Commission (INEC) has announced that the petition seeking...

United States tariff on Nigerian exports
FinanceNewsWorld

Trump Imposes Tariffs on Nigeria, Other African Nations

The United States has imposed a 14 per cent tariff on Nigerian...

Niger's Transitional Government released 49 individuals
News

Niger Transitional Govt. Frees 49 Political and Military Figures, Ex-President Bazoum Remains in Detention

Niger’s Transitional Government announced on Tuesday that it had released 49 individuals,...