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The Federal Government has called on the manufacturers of cement to investigate the cause of the outrageous rise in cost.
The FG declared on the 16th of February, that it could not fold its arms and allow the price of cement spiral out of control.
David Umahi, the Minister of Works has summoned cement manufacturers to a meeting on Monday to examine the issues surrounding the latest development.
Dangote Plc, BUA Plc, Larfarge and the other manufacturers are expected to be in attendance of this meeting.
Special Adviser to the Minister on Media Uchenna Orji said his principal was “worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers.”
The meeting is scheduled for the Federal Ministry of Works, Mabushi-Abuja.
The Minister went further to say 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.”
The price of cement now ranges between N6500 to N15000 per bag.