The Federal Government says that it has called for an urgent meeting with cement manufacturers over the escalating cost of the product in recent times.
The Minister of Works, Dave Umahi, who summoned the meeting, said that government will look into the challenges faced by these cement manufacturers as well as the disparity between ex-factory price and market price which is huge.
According to a statement by the Media Adviser to the Minister, Orji Uchenna Orji, the government is worried by the rising cost of cement despite huge patronage by road and housing contractors to these cement manufacturers.
Some of the cement manufacturers summoned by the Federal Government for the meeting include Dangote, BUA, Lafarge and others.
What the Minister is saying
According to Orji, the Minister was quoted as saying,
- “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.
- Umahi said, “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.”
What you should know
- There had been reports that the price of a bag of cement has been between N8,000 and N10,000 from a price of between N4,000 and N5,000 a few weeks ago.
- There had been even further reports that the price of this product has surged to between N10,000 and N15,000 per bag in Abuja in the face of current economic crisis in the country.
- Meanwhile, Minister of Housing and Urban Development, Arc. Musa Dangiwa, had a few days ago decried the astronomical rise in the price of cement and other building materials across the country.
- He said the price hike was unacceptable and insisted the fluctuation in the exchange rate of the dollar could not be blamed for the present scenario in that sector.
Nigerians! After exiriencing hardship, religious sectionalism during buharis government, we still remains adamant to vote APC into power simply because of tribalistic and our religious sectionalism we have. Today we have not even gone far and the whole nation is on fire. Why then I we complaining? Buhari has started this, and now is the tune for Tinunbu. Please, we shouldn’t complain. Come 2027, we shall definitely going to vote him to complete his tenure. If you and I will not vote him, he will be voted by Court. What will be your own? We have not seen anything yet.
The only solution to Nigeria is true federalism that will come with resource control…. Elections or voting is Utopia we have done several times and it doesn’t work….the system of selecting those to be voted into power is nonsense and power is meant for elites who are usually clueless and sometimes mindless. Also most Nigerians need to be properly educated about happenings in the country so that they can wakeup from the matrix which they live in. They have to know and realize that true power belongs to the people (police and other armed forces as well as citizens are all involved in this suffering) we all need to work together to make this country home again. #my opinion#