Posted 2/29/2024, 6:45:33 PM
Tinubu Directs Cement Firms to Reverse Price Hikes Amid New Production Line Launch
- President Tinubu directed cement companies to reverse recent price hikes to ease economic hardship
- Minister Umahi confirmed BUA's 5th production line is operational after visiting their Sokoto plant
- Umahi said the government is building 372km of dual carriageway from Zaria to Sokoto using concrete
- Cement prices rose to between N8,500 - N9,200 per 50kg bag nationwide recently
- Manufacturers said they would reduce prices if certain government interventions help the industry