FG, Cement manufacturers agree on N7,000 to N8,000 for 50kg per bag The Federal Government of Nigeria and Cement Manufacturers have agreed on a N7,000 to N8,000 per 50 kg bag of cement to halt the astronomical rise in the price of the product. The price hike is linked to the astronomical inflation rate biting hard in the country and partly due to the Federal Government’s decision to now build concrete roads in place of asphalt.