Minister Takes Action on Rising Cement Prices, Summons Manufacturers to Meeting
In response to the alarming increase in cement prices, Minister of Works, David Umahi, has taken decisive action by summoning prominent cement manufacturers to a crucial meeting. The rising cost of cement has become a cause for concern, particularly in light of its widespread use by road and housing contractors.
The Minister’s Special Adviser (Media), Orji Uchenna Orji, announced that the meeting is scheduled for Monday, February 19, 2024, at the Ministry’s Conference Hall in Mabushi, Abuja. The urgency of the situation underscores the need for immediate dialogue between government officials and industry stakeholders.
The invited manufacturers include industry giants such as Dangote Plc, BUA Plc, Lafarge, and others. Minister Umahi emphasized that while he acknowledges the challenges faced by cement manufacturers, the significant disparity between ex-factory prices and market prices cannot be ignored.
The purpose of the meeting is to address the root causes of the rising cement prices and explore potential solutions to mitigate the impact on the construction industry and the economy at large. Minister Umahi stressed the importance of finding a common ground and resolving the issues at hand for the benefit of all stakeholders.
As the meeting approaches, expectations are high for constructive discussions that will lead to tangible outcomes and a collaborative approach to addressing the challenges posed by the escalating cost of cement. Stay tuned for updates on the outcomes of this critical engagement between the government and cement manufacturers.
