FG summons manufacturers over rising cost of cement

Worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers, Minister of Works, Engr David Umahi, has summoned an urgent meeting of all cement manufacturers in Nigeria.

Those invited are: Dangote Plc, BUA Plc, Larfarge and others.

According to a press statement signed by Hon. Barr. Orji Uchenna Orji, Special Adviser (Media) to the Minister of Works, the meeting shall hold on Monday, February 19, 2024, at the Federal Ministry of Works, Mabushi-Abuja.

The Minister stated that “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.”

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Nigerians had expressed shock when the price of cement crossed N10,000 per bag.