-
The federal government urges cement manufacturers to lower prices to 7,000 on the grounds of improved economic conditions.
-
Minister of Engineering Senator Engineer. Nweze David Umahi called and criticized the current N9,500 price for being unreasonable.
-
Umahi warned that if prices were not lowered within a week, he would escalate the matter to President Bola Tinubu.
The federal government urges cement manufacturers to lower prices to 7,000 on the grounds of improved economic conditions.
Minister of Engineering Senator Engineer. Nweze David Umahi made a phone call at a meeting held by the ministry’s headquarters in Abuja on 26 February 2025.
Umahi criticized the current N9,500 price, noting that when Naira recovered, the manufacturers were priced at nearly 2,000, but they had not been adjusted yet.
attention: Click “here” To join our WhatsApp group and receive news updates directly on your WhatsApp!
Read Also: NLC Force FG reduces telecom tariffs to 35%
“Today, one dollar is about N1,400. Let me take this opportunity to express my dissatisfaction with the cost of cement. We are using this medium to tell cement manufacturers that the dollar was close to 2,000 at the time, and cement increased from 7,500 n7,500. Why did it go down when the president steadily raised the dollar to about N1,400, and why should cement be sold at N9,500?” Umaxi said.
The Engineering Minister stressed that affordable cement is crucial for the continuous construction of concrete sidewalks and the completion of critical infrastructure projects.
He revealed that some contractors are considering turning back asphalt due to high cement costs. Umahi warned that if prices were not lowered within a week, he would escalate the matter to President Bola Tinubu.
National fuel scarcity is imminent as Ipman gives FG 7-day fg over 10 billion guild debt
The Nigerian Independent Petroleum Marketers Association (IPMAN) has provided the federal government with a seven-day final pass to pay its 100 billion guild bridge claim.
Yahaya Alhasan, chairman of the Ipman Warehouse Chairman Forum, said that despite the commitments of Nigeria’s Midstream and Downstream Petroleum Regulatory Agency (NMDPRA), the debt has been owed for more than a year.
Continue reading here
