The minister of works, Engineer David Umahi has summoned cement manufacturers over the rising cost of the product.
The price of a bag cement has astronomically increased from about N4000 few weeks ago to between N8,000 and N10,000.
Dangote, BUA, and Lafarge are part of the cement manufacturers summoned by the minister.
The media aide to the minister, Orji Uchenna, 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 Umahi 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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