There are reviews that the cement producers have agreed to cut back the value of the product to between N7,000 and N8,000 per 50kg relying on the agricultural location.
At a gathering initiated by the Minister of Public Works, David Umahi, and attended by his counterparts within the Ministry of Trade, Commerce and Funding, together with Doris Uzoka-Anite, in Abuja on Monday, February 19, efforts have been made to deal with the underlying points to establish. causes for the abrupt improve in commodity costs.
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The producers current additionally expressed their willingness to cut back costs sooner or later as soon as the federal authorities intervenes.
BUA Industries additionally introduced plans to introduce 6 million tonnes of cement to the market to ease rising costs.
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The federal authorities has additionally acknowledged its intention to encourage the introduction of six new producers.
Photograph credit score: Getty
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