FG threatens to allow cheaper cement to be imported by opening borders

The government is concerned that rising costs for basic building supplies would drive up home prices.If cement producers are unable to lower the price of their product, the federal government threatens to open the borders to cement imports.During a meeting with manufacturers of cement and building materials on Tuesday in Abuja, the Minister of Housing and Urban Development, Ahmed Dangiwa, issued the threat.The conference was called to discuss the sharp rise in cement prices across the country, according to the News Agency of Nigeria (NAN). The minister voiced concern over the nation's ongoing, worrisome rise in cement and other building material prices over the last several months.