FG Summons Cement Manufacturers Over Price Surge
Among those summoned by the Federal Government are prominent cement manufacturers such as Dangote, BUA, Lafarge, and others.
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Key Points to Note
Recent reports indicate a steep rise in cement prices, with a bag costing between N8,000 and N10,000, compared to the previous range of N4,000 to N5,000.
In Abuja, prices have surged even further, reaching between N10,000 and N15,000 per bag amidst the current economic crisis.
Minister of Housing and Urban Development, Arc. Musa Dangiwa, has also expressed concern over the unprecedented increase in cement and other building material prices nationwide.
Dangiwa emphasized that blaming exchange rate fluctuations alone for the situation in the sector is inadequate and unacceptable.
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