{"id":310592,"date":"2024-02-17T11:40:36","date_gmt":"2024-02-17T10:40:36","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=310592"},"modified":"2024-02-17T11:40:36","modified_gmt":"2024-02-17T10:40:36","slug":"government-summons-cement-manufacturers-over-escalating-cement-prices","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/02\/17\/government-summons-cement-manufacturers-over-escalating-cement-prices\/","title":{"rendered":"Government summons cement manufacturers over escalating cement prices"},"content":{"rendered":"<ul>\n<li><strong><strong>Recent reports indicated a 30% increase in cement costs nationwide, prompting concerns<\/strong><\/strong><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p>The Nigerian government has convened a meeting with all cement manufacturers in the country, led by the Minister of Works, David Umahi, to address the surging retail prices of cement.<\/p>\n<p>The announcement came through a statement by the Special Adviser to the <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/02\/15\/well-ensure-grains-released-from-food-reserves-reach-poor-nigerians-minister\/\">Minister<\/a>, Edward Uchenna Orji, on Saturday. Recent reports indicated a 30% increase in cement costs nationwide, prompting concerns.<\/p>\n<p>Despite Nigeria being a major cement producer on the continent, rising prices persist, exacerbated by high inflation in the building materials market. Notably, in Kubwa, Bwari area of the Federal Capital Territory, a 50-kilogram bag of Dangote cement now ranges between N8,600 and N9,600, while BUA sells at prices between N8,500 and N9,500.<\/p>\n<p>\u201cDangote is N9600 while BUA goes for N9500 per bag\u201d, a seller at Kubwa Phase 4 had told SaharaReporters on Friday.<\/p>\n<p>The retailer complained that some manufacturers had increased their depot prices to a new high following the general hike in prices of things.<\/p>\n<p>The statement said the minister was \u201cworried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers.\u201d<\/p>\n<p>Those invited to the urgent meeting include Dangote Plc, BUA Plc, Larfarge and the other manufacturers.<\/p>\n<p>The meeting is scheduled to take place at the Federal Ministry of Works, Mabushi, Abuja.<\/p>\n<p>The minister was quoted as saying that \u201cIt 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.<\/p>\n<p>\u201cWe therefore need to look into the situation and other issues with a view to finding a common front.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent reports indicated a 30% increase in cement costs nationwide, prompting concerns The Nigerian government has convened a meeting with all cement manufacturers in the country, led by the Minister of Works, David Umahi, to address the surging retail prices of cement. The announcement came through a statement by the Special Adviser to the Minister, [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":310593,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[5325,4347,303,304],"class_list":["post-310592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-cement","tag-david-umahi","tag-nigeria","tag-nigerian-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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