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Just In: Price Of Cement Crashes To 7,000 Naira 

Cement manufacturers have agreed to bring down the price of the product to between N7,000 and N8,000 per 50 kg depending on the location nationwide.

During a meeting initiated by the Minister of Works, David Umahi, and attended by his counterparts from the Ministry of Industry, Trade, and Investment, including Doris Uzoka-Anite, in Abuja on Monday, February 19, efforts were made to identify the underlying reasons for the abrupt increase in commodity prices.

The manufacturers present also expressed their readiness to bring down the prices in future as soon as the federal government intervention is fulfilled.

BUA Industries also disclosed plans to bring 6 million tons of cement into the market to mitigate the surging prices.

The federal government has also declared its intention to encourage the introduction of six new manufacturers.

Details shortly…

Source: the nation

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Rita Elenwo

Rita Aletor- Elenwo, is a professional journalist with experience in broadcast, print and online reporting. A proud citizen of Edo state, Nigeria (Esan South East Local Government) Rita had her first degree in philosophy from Ebonyi State University (2008), PGD, in Communication from the University of Port Harcourt (2020), and currently in pursuit of an MSC degree in communication. Rita (nee Aletor-) is happily married with lovely children.

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