News
Breaking: FG summons manufacturers over rising cost of cement
The Minister of Works, David Umahi, has summoned prominent cement manufacturers to a meeting over the rising cost of cement.
He expressed worry that, despite huge patronage by road and housing contractors to cement manufacturers, the cost of the product was rising at an astronomical rate.
A statement signed by the Minister’s Special Adviser (Media), Orji Uchenna Orji, in Abuja on Saturday said the meeting will take place on Monday, February 19, 2024, at the Ministry’s Conference Hall, Mabushi, Abuja.
The statement read in part, “The Honourable Minister of Works, His Excellency, David Umahi CON, has summoned an urgent meeting of all cement manufacturers in Nigeria.
“Those invited are Dangote Plc, BUA Plc, Larfarge, and others.”
He quoted the Minister as saying, “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. We therefore need to look into the situation and other issues with a view to finding a common front.”
-
World News5 days agoBiden says ‘nobody can reverse’ his climate agenda. But Trump is poised to try.
-
Gist1 day agoVIDEO: Congo’s president daughter’s bedroom video leaks
-
Business7 days agoTinubu Reforms in Nigeria not working, IMF report hints
-
Business6 days agoNigeria’s Finance Ministry Transfered Over N55m To Personal Account For Perm Sec’s Retirement Party
-
Politics6 days agoOndo Decides; Results From Polling Units Trickles In See Live Results Here
-
Politics6 days agoIMPEACHMENT: Imo Assembly Under Pressure to Remove Gov. Hope
-
News5 days agoDelta Assembly Approves Name Change for University of Science and Technology, Ozoro
-
News5 days agoTrackNews Felicitates New NUJ Bayelsa State Exco