Posted 2/19/2024, 11:40:10 AM
Cement Industry Offers to Help Lower Prices in One Month If Brought into Government Talks
- Cement producers say they can help crash prices in 30 days if involved in government efforts
- Demand for cement currently outweighs supply, causing price increases
- Association warned government that giving production responsibility to just a few companies would lead to shortages
- Group asks government to revisit policy that licensed more cement importers to help bridge supply gap
- Works minister has summoned major manufacturers like Dangote and BUA to discuss cement price hikes now ranging from N6,500-15,000 per bag