The Federal Government, through the Minister of Works, David Umahi, has summoned major cement manufacturers in the country over the rising cost of the product.
In a statement signed by his Special Adviser on Media, Orji Uchenna Orji, in Abuja on Saturday, the minister 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.
According to the statement, the meeting will take place on Monday, February 19, 2024, at the Ministry’s Conference Hall, Mabushi, Abuja.
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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 Cement Plc, lBUA Plc, Lafarge, and others.”
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Orji 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.”
DAILY NIGERIAN
