The Minister of Works, David Umahi, has taken a proactive step in addressing the rising cost of cement by summoning prominent cement manufacturers to a meeting. The Minister expressed concern over the significant increase in the cost of cement despite the high demand from road and housing contractors.
The meeting, scheduled to take place on Monday, February 19, 2024, at the Ministry’s Conference Hall in Abuja, will involve discussions with key cement manufacturers in Nigeria, including Dangote Plc, BUA Plc, Larfarge, and others.
Minister Umahi emphasized the need to address the widening gap between the ex-factory price and the market price of cement. He acknowledged the challenges faced by the manufacturers but highlighted the importance of finding a common ground to address the situation and other related issues.
This initiative demonstrates the government’s commitment to tackling the rising cost of essential construction materials and ensuring a sustainable and affordable supply of cement for infrastructure and housing projects in the country. It also underscores the importance of collaboration between the government and private sector stakeholders to address economic challenges and promote industry growth.