A man drops a bag of Dangote cement while offloading a truck in Abuja, Nigeria May 11, 2021. REUTERS/Afolabi Sotunde
LAGOS (Reuters) - Nigerian property developer Olawale Ayilara is building housing estates in the affluent Lekki district of mega city Lagos, the country's commercial engine. But the cost of the project is expanding rapidly due to the increased price of cement.
The price of a 50 kg (110 lb) bag of cement rose by a third, from 2,500 naira ($6.57) to 3,600 naira ($9.46) around November last year, he said.
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