The Federal government has initiated a meeting with cement producers across the nation to address the recent surge in cement prices.
Over the past few weeks, the price of cement has skyrocketed from approximately N4,000 to a fluctuating range of N10,000 to N12,000 per bag.
Key cement manufacturers such as Dangote, BUA, and Lafarge have been summoned to attend this meeting.
Led by the Minister of Works, David Umahi, the meeting aims to discuss strategies to stabilize cement prices and address concerns about affordability.
Edward Uchenna Orji, the Special Adviser to the Minister, disclosed this information in a statement released on Saturday.
According to the statement, the meeting will take place on Monday, February 19, 2024, at the Ministry’s Conference Hall, Mabushi, Abuja.
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 Plc, BUA Plc, Larfarge, and others.”
He 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.”