Nigerian government has summoned the Dangote Cement, Larfarge and BUA Cement over disparity in prices of cement.
The Minister of Works, David Umahi said government could not fold its arms for Dangote Cement, Larfarge and BUA Cement to fix the prices of the commodity out of control.
has summoned cement manufacturers to a meeting on Monday to examine the issues surrounding the latest development.
ALSO READ: Dangote trucks intercepted for allegedly smuggling prohibited goods to Cameroon
A statement by the Special Adviser to the Minister on Media. Edward Uchenna Orji said the Minister was “Worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers.”
It said those invited to the urgent meeting include Dangote Plc, BUA Plc, Lafarge, and the other manufacturers.
‘’The meeting is scheduled to take place at the Federal Ministry of Works, Mabushi-Abuja,” the statement said.
The Minister was quoted as saying that “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”.
2 Comments
These people are playing with Nigerians. Time will tell
FG should make other people to import from other countries like it use to be in the good old days, give them tax waivers. Since our own indigenous manufactures decided to be mean to us.
Let FG get other medium and small business owners who can afford to import cement and give them tax waivers so they can sell at cheaper prices and crash the market.
All the waivers that Dangote and Co have gotten they use it to punish the masses in return, the essence of tax waivers is for the products to be available at affordable price for poor masses but rich people like Dangote take advantage. There’s God.