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You are at:Home » Cement Price Increase: FG summons Dangote Plc, BUA Plc, Larfarge, others

Cement Price Increase: FG summons Dangote Plc, BUA Plc, Larfarge, others

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By News Barrel on February 16, 2024 News

The Minister of Works, David Umahi has summoned cement manufacturers to a meeting on Monday to examine the issues surrounding the latest development.

According to a statement by the Special Adviser to the Minister on. Edward, Uchenna Orji, the Minister was “Worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers.”

Those invited to the urgent meeting include Dangote Plc, BUA Plc, Larfarge and the other manufacturers.

The meeting is scheduled to take place on the at the Federal Ministry of Works, Mabushi-Abuja.

The Minister was quoted as saying that “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”.

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