The Federal Government and major cement manufacturers have pegged the price of 50kg bag of cement at between N7,000 and N8,000 depending on the location nationwide.

Sen. David Umahi made this known to newsmen after a protracted meeting with major cement manufacturers in the country on Monday in Abuja.

The Cement Manufacturers came to an agreement to sell a 50kg bag of cement at a retail price of between N7,000 and N8,000, depending on the location.

However, the manufacturers stated that the price drop from the current market price would depend on the fulfilment of certain government intervention to ameliorate critical challenges faced in the industry.