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Govt summons Dangote, BUA, Larfarge Companies over rising cement prices
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By Kayode Sanni-Arewa, Abuja
The Nigerian government has summoned all cement manufacturers in the country to a meeting with the Minister of Works, David Umahi, over escalating retailing prices of the product in the market.
This was disclosed in a statement by the Special Adviser to the Minister, Edward Uchenna Orji, on Saturday.
It was reported on Friday that the costs of cement jumped as much as 30% as fresh increases in prices and associated products were implemented recently by distributors across the country.
Nigeria is one of the largest producers of cement on the continent, but the price of cement continues to rise, especially this year over the high inflation that impacted the building materials market.
In Kubwa, Bwari area of the Federal Capital Territory, a 50 kilograms bag of Dangote cement has surged to between N8,600 and N9,600, while BUA sells between N8500 and N9500.
“Dangote is N9600 while BUA goes for N9500 per bag”, a seller at Kubwa Phase 4 had told SaharaReporters on Friday.
The retailer complained that some manufacturers had increased their depot prices to a new high following the general hike in prices of things.
The statement said the minister was “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.
The minister was quoted as saying that “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.
News
Finally, IGP approves hunger protests across Nigeria
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The Nigerian police has finally approved the planned nationwide protests and outlined conditions for participants.
The Inspector General of Police, Kayode Egbetokun, revealed this on Friday while addressing journalists in Abuja.
He urged all groups planning to participate in the proposed nationwide protest to submit their details to the Commissioners of Police in their respective states.
The police boss said this was to ensure the protest was peaceful.
Egbetokun said, “We acknowledge the constitutional right of Nigerian citizens to peaceful assembly and protest.
“However, in the interest of public safety and order, we urge all groups planning to protest to provide necessary details to the Commissioner of Police in the state where the protest is intended to take place.
“To facilitate a successful and incident-free protest, they should please provide the following information: state the proposed protest routes and assembly points; expected duration of the protest; and names and contact details of protest leaders and organisers.”
The police boss said the information expected from the organisers also include measures to prevent hijacking by criminal elements, as well as key identifiers for possible isolation of potential troublemakers.
By providing the information, he said, the police will be able to deploy adequate personnel and resources to ensure public safety.
He said the police needed to know the specific routes and areas for the protest to avoid conflicts with other events or activities.
Mr Egbetokun said the police will “establish clear communication channels with protest leaders to address any concerns or issues that may arise; minimise the risk of violence, property damage, or other criminal activity.
“We encourage all protesters to cooperate with the police, obey the law, and adhere to global best practices for peaceful assembly to guarantee a safe and successful exercise of their rights.
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Reps North-West Caucus Beg Youths, Citizens In The Region Not To Join Planned Protest
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Reps Applaud FCT Minister, Wike On AICL Improved Revenue, Infrastructure
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