The Minister of Works, David Umahi, has summoned Dangote, BUA, Lafarge and other cement manufacturers over the rising cost of cement.
The price of cement has been oscillating between N8, 000 and N10, 000 per bag from about N4, 000 a few weeks ago.
A statement issued on Friday by the minister’s Special Adviser on Media, Uchenna Orji, said the meeting has been scheduled to hold on February 19, 2024 at the ministry.
“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, Engr Nweze David Umahi, CON, has summoned an urgent meeting of all cement manufacturers in Nigeria,” the statement read.
Umahi said the disparity between ex-factory price and market price is wide, which necessitated the call for the meeting.
“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 minister said.
