David Umahi, minister of works, has called for a meeting with cement manufacturers over the rising cost of the product.
The price of cement has been oscillating between N8,000 and
N10,000 per bag from about N4,000 a few weeks ago.
Dangote, BUA, and Lafarge are some of the cement
manufacturers summoned by the works ministry.
Orji Uchenna Orji, media aide to the minister, said:
“Worried by the escalating cost of cement despite huge patronage by road and
housing contractors to cement manufacturers, the Honourable Minister of Works,
His Excellency Sen Engr Nweze David Umahi CON, has summoned an urgent meeting
of all cement manufacturers in Nigeria”.
Orji quoted his principal as saying that the disparity
between ex-factory price and market price is huge.
“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,” Umahi was quoted as
saying.
“We therefore need to look into the situation and other
issues with a view to finding a common front.”
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