FG agrees on modalities to tackle increasing price of cement

The Federal Government has agreed with cement manufacturers on modalities to combat the hike in the price of cement. 

This comes after the increase in price of cement was recorded across the country.

This was disclosed in a statement  by the Special Adviser (Media) to the Minister of Works Orji Uchenna Orji posted on the NTA's official X handle.

According to the statement, the modalities were agreed in a meeting between the Minister of Works, Nweze David Umahi, Minister of Industry, Trade and Investment, Doris Uzoka-Anite, the cement manufacturers and the Cement Producers Association.

The statement reads in part: "The Federal Government has agreed with the cement manufacturers on the modalities to tackle the escalating  price of cement in Nigeria. This was the outcome of the meeting of the Honourable Minister of Works, His Excellency, Sen. Engr. Nweze David Umahi GON the Honourable Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, the cement manufacturers and the Cement Producers  Association. The meeting  held closed door  at the office of the Honourable Minister of Works. Mabushi,  Abuja, had in attendance, the representatives of Dangote  Cement Plc,  BUA Cement Plc, Larfage  Africa Plc and  Cement Producers Association.

"In their separate remarks, the Honourable Minister of Works said the meeting was aimed at addressing the concerns of  Nigerians on the escalating cost of cement in Nigeria marked  by the disparities between the ex-factory price and the market price of cement. He expressed hope that the meeting  would profer  enduring  solutions to the unabating  increase in cement price.

"Confirming the communique as the true reflection of their deliberations, the spokespersons to  the cement manufacturers  and the Cement Producers Association thanked the two Honourable Ministers  for their  sense of devotion to the  cause of national development and expressed their confidence  in the timely  intervention  of the Federal Government  to the  challenges facing cement manufacturing in Nigeria. The spokesperson of Dangote Cement Plc and GMD/CEO, Mr Arvind Pathak added, "the Honourable Ministers gave us a kind hearing, and we have agreed for a window of 30 days in which we re-assemble and see how best we can move on that."

Source: X | NTANewsNow
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