Posted by Prominent cement makers have reportedly been invited to a meeting regarding the escalating cost of cement, according to Minister of Works David Umahi.
He voiced concern that cement producers were not receiving enough business from road and housing construction, and that the price of the commodity was increasing at an absurd rate.
The meeting is scheduled for Monday, February 19, 2024, at the Ministry’s Conference Hall in Mabushi, Abuja, according to a statement released on Saturday by Orji Uchenna Orji, the Minister’s Special Adviser for Media.
“The Minister of Works, David Umahi, has summoned an urgent meeting of all cement manufacturers in Nigeria,” the announcement reads.
It stated that Dangote Plc, BUA Plc, Larfarge, and more parties are invited.
The minister acknowledged the well-known difficulties faced by manufacturers and promised further investigation; however, based on their results, there is a significant difference between the ex-factory price and the market price.
In order to find a unified front, he said, they needed to investigate the situation and other issues.