David Umahi, Minister of Works, has called a meeting with cement manufacturers to discuss the rising cost of the product.
Cement prices have fluctuated between N8,000 and N10,000 per bag, up from around N4,000 just a few weeks ago.
Dangote, BUA, and Lafarge are among 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 Umahi as saying that the difference between ex-factory and market prices is enormous.
“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 must look into the situation and other issues to find a common front.”
