Rising Cement Prices: FG summons Dangote, BUA, Larfarge, others

The Federal government has said it cannot fold its arms and see the price of cement spiral 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.

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

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It said those invited to the urgent meeting include Dangote Plc, BUA Plc, Lafarge, and the other manufacturers.

‘’The meeting is scheduled to take place at the Federal Ministry of Works, Mabushi-Abuja,’’ the statement said.

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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”.