Minister of Works invites cement manufacturers over rise in prices of cement
Followimg intensity of the economic hardship and hunger in the country, and the recent rise in the cost of cement, the federal government is taking various measures to restore stability and provide succour to Nigerians.
Neptune Prime reports that a recent market survey in some cities of Abuja showed that a 50kg bag of Dangote cement is being sold at N10,000, and BUA cement stood at N15,000.
Retailers revealed that a bag of cement, which was sold for N6,000 in January 2023, now ranges from N10,000 to N15,000.
READ ALSO: Cement price shoots up from N6000 in January to N15000
Reacting to the situation, Minister of Works David Umahi has summoned cement manufacturers to a meeting on Monday to examine the issues surrounding the latest development.
A statement by the Special Adviser to the Minister on Media. Edward Uchenna Orji said the Minister was “Worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers.”
It said those invited to the urgent meeting include Dangote Plc, BUA Plc, Lafarge, and the other manufacturers.
The meeting is scheduled to take place at the Federal Ministry of Works, Mabushi-Abuja,’’ the statement said.
The Minister was quoted as saying that, “It is common knowledge that the manufacturers have their challenges, which we shall look into, but from our findings, the disparity between ex-factory price and the market price is wide.
“We therefore need to look into the situation and other issues with a view to finding a common front,” the statement said.
