CEMENT PRICE INCREMENT: FG SUMMONS DANGOTE, BUA, LAFARGE, IBETO, OTHERS

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"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.

"We therefore need to look into the situation and other issues with a view to finding a common front." 

 

The Federal Ministry of Works, under the leadership of the Honourable Minister of Works, Senator Engr David Nweze Umahi, has expressed its worries over the escalating cost of cement.

Umahi, on Friday in a statement disclosed the discomfort and concerns of the government of the escalating price of the commodity despite huge patronage by road and housing contractors to cement manufacturers.

In the statement which was signed by his Special Adviser, Media, Barr Orji Uchenna Orji, the Minister of Works, has therefore summoned an urgent meeting of all cement manufacturers in Nigeria.

Those invited are:

1. Dangote Plc,

2.  BUA Plc 

3.  Larfarge and others.

The statement notes that the meeting shall hold as follows:

Date:  19th February, 2024.

Venue:  Federal Ministry of Works, Mabushi-Abuja

Time:  1 pm prompt.

"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." The statement concluded.

Please treat this as a matter of urgent  national  importance.

Signed:

*Hon. Barr. Orji Uchenna Orji*

Special Adviser (Media) to the Hon. Minister of Works