The Federal Government on Friday said it cannot fold its arms and see the price of Cement get out of control.
This development has caused the Minister of Works, David Umahi to summon Cement manufacturers to a meeting on Monday the 19th of February 2024.
The meeting is to examine the issues surrounding the latest development.
This was made known in a statement by the Special Adviser to the Minister on Media Edward, Uchenna Orji, who said the government is: “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 at the Federal Ministry of Works, Mabushi-Abuja.
“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”, he said.
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