FG summons emergency meeting of manufacturers over soaring prices of cement
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…Dangote, BUA, Larfarge, others expected at the parley
By Adanu David
The Federal Government has summoned an urgent meeting of all cement manufacturers in Nigeria over the escalating price of the product.
The meeting according to the statement issued by Hon. Barr. Orji Uchenna Orji,, the Special Adviser ( Media) to the Minister of Works, Engr. David Umahi, is scheduled to hold on Monday February, 19, 2024.
The statement reads;
“Worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers, the Honourable Minister of Works, His Excellency Sen Engr Nweze David Umahi has summoned an urgent meeting of all cement manufacturers in Nigeria.
“Those invited are:
1. Dangote Plc,
2. BUA Plc
3.Larfarge and others.
“The meeting shall hold as follows:
Date: 19th February, 2024.
Venue: Federal Ministry of Works, Mabushi-Abuja, Time: 1 pm dot
“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. “
