FG Schedules Meeting With Cement Manufacturers Over Rising Cost Of Commodity
In a bid to stem the rising cost of cement and other building materials, Minister of Works, David Umahi has said the government will be meeting with prominent cement manufacturers to discuss the situation.
The minister expressed concern over the significant rise in the cost of cement, despite substantial patronage by road and housing contractors.
The meeting is scheduled to take place on Monday, February 19, 2024, at the Ministry’s Conference Hall in Mabushi, Abuja. The invited cement manufacturers are Dangote Plc, BUA Plc, Lafarge, and others.
In a statement signed by the Minister’s Special Adviser on Media, Uchenna Orji, the minister emphasized the need to address the widening disparity between the ex-factory price and the market price of cement.
“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.
“Those invited are: Dangote Plc, BUA Plc, Larfarge and others.
The meeting shall hold as follows:
Date: 19th February, 2024.
Venue: Federal Ministry of Works, Mabushi-Abuja
Time: 1pm dot
“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.
