Escalating Cement Prices: FG Summons Dangote, BUA Others

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FG Summons Dangote Plc, BUA Plc, Larfarge, Others Over Escalating Cement Prices

The Federal government has said it cannot fold its arms and see the price of cement spiralled out of control

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. Media 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 19th Monday 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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By Abia ThinkTank

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