The Federal Government has called on cement manufacturers across the country to immediately reduce the price of cement, insisting that the current cost of the product is placing pressure on ongoing infrastructure projects and increasing demands for contract variations.
Minister of Works, David Umahi, made the call while
delivering a keynote address at an event in Lagos State on Sunday.
Speaking before industry leaders, investors, and
stakeholders, the Minister emphasised that the Federal Government would engage
cement manufacturers from July 1 to address the issue of cement prices.
“We shall be engaging on this from First of July.
Manufacturers of Cement must reduce their prices because the contractors are
choking me to review their contracts.
“But nobody is reviewing anybody’s contract. It’s the
manufacturers of cement that should review their costs.”
The Minister urged the manufacturers to enlarge their
capacity, stating that the demand is much higher due to ongoing construction.
The market is smaller than what the president is doing. So,
enlarge your coast,” he added.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com