The Minister of Works, David Umahi has called for a meeting with leading cement producers in the country to address the increasing prices of their product.
A statement released by his Special Adviser on Media, Orji Uchenna Orji, in Abuja on Saturday, revealed the minister’s concern over the significant rise in the cost of cement, despite the high demand from contractors for road and housing projects.
According to the statement, the meering is scheduled for Monday, February 19, 2024, at the Ministry’s Conference Hall in Mabushi, Abuja.
Findings showed that the prices of cement went between N3,300 and N3,500 in March 2021 have jumped to 10,000 in 2024.
The statement read, “The Honourable Minister of Works, His Excellency, David Umahi CON, has summoned an urgent meeting of all cement manufacturers in Nigeria.
“Those invited are Dangote Plc, BUA Plc, Lafarge, and others.”
Mr. Orji quoted the minister as saying, “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 to find a common front.”
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