Home Business FG Summons Dangote, Bua, Others Over Rising Price of Cement
BusinessNews

FG Summons Dangote, Bua, Others Over Rising Price of Cement

Share
FG Summons Dangote, Bua, Others Over Rising Price of Cement
Share

Nigeria’s federal government has summoned manufacturers over the constant in the price of cement.

Daily Report Nigeria reports that government called for an urgent meeting with prominent producers of cement through the Minister of Works, David Umahi.

The summon follows the minister’s expression of concern over the significant rise in the cost of cement even in the face of substantial patronage by road and housing contractors.

The meeting scheduled to take for Monday, February 19, 2024, at the Ministry’s Conference Hall in Mabushi, Abuja have prominent cement manufacturers including Dangote Plc, BUA Plc, Lafarge, and others as invitees.

Hardship: Minister Warns Against Unwarranted Utterances About Tinubu

The summon was contained in a statement signed by the Umahi’s Special Adviser (Media), Orji Uchenna Orji.

The meeting aims at address the widening disparity between the ex-factory price and the market price of cement.

The statement partly 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, Larfarge, and others.”

“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 move comes as the government seeks to understand the factors contributing to the surge in cement prices and work collaboratively with industry stakeholders to mitigate the impact on construction and infrastructure development projects

Share
Written by
Tare Magbei -

With more than five years of covering different topics, Tare Magbei is a versatile journalist.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Ph.D holder works as cleaner in Nigerian university, seeks intervention | Daily Report Nigeria
News

Ph.D holder works as cleaner in Nigerian university, seeks intervention

A 45-year-old Ph.D. holder in Mathematics, Dr. Enyi Onyebuchi, is working as...

Death Toll in Plateau Attacks Rises to 52 | Daily Report Nigeria
News

Death Toll in Plateau Attacks Rises to 52

The death toll in attacks by gunmen in Plateau State has risen...

How Hyenas Almost Ate Me In Kidnappers’ Den – Ex-NYSC DG Narrates | Daily Report Nigeria
News

How Hyenas Almost Ate Me In Kidnappers’ Den – Ex-NYSC DG Narrates

Former NYSC boss, Maharazu Tsiga has recounted his experience in the hands...

'Leave Lagos, Go To Your State Of Origin' - Reno Omokri Tackles Angry Lagosians | Daily Report Nigeria
News

‘Leave Lagos, Go To Your State Of Origin’ – Reno Omokri Tackles Angry Lagosians

Reno Omokri has dropped his two cents concerning recent backlash received by...