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Nigerian property developer Olawale Ayilara is building housing estates in the affluent Lekki district of megacity 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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