The Minister of Works, David Umahi has summoned prominent cement manufacturers to a meeting over the rising cost of cement.
In a statement signed by his Media Special Adviser, Uchenna Orji on Saturday, Umahi expressed worry that, despite huge patronage by road and housing contractors to cement manufacturers, the cost of the product was rising at an astronomical rate.
The statement also revealed that the meeting will take place on Monday, February 19, and quoted the Minister, saying the disparity between the ex-factory price and the market price is wide and a common front must be found.
The statement read in part, “The Honourable Minister of Works, His Excellency, David Umahi CON, has summoned an urgent meeting of all cement manufacturers in Nigeria.”
“Those invited are Dangote Plc, BUA Plc, Lafarge, and others.”
He quoted the Minister as saying, “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.”
Join our twitter community :