The Federal Government has announced plans to prioritize road repairs and explore solutions for reducing gas costs and import duties, aiming to decrease the soaring prices of cement across the country.
This resolution was part of the agreement reached at a meeting between the government and leading cement producers on Monday in Abuja.
Senator David Umahi, the Minister of Works, alongside Mrs. Doris Uzoka-Anite, the Minister of Trade and Investment, and representatives from the three major cement companies Dangote Plc, BUA Plc, and Lafarge Plc signed the communiqué.
The document highlights that the government is aware of the difficulties outlined by the manufacturers, such as the cost of gas, elevated import duties on spare parts, poor road infrastructure, significant foreign exchange rates, and the smuggling of cement into neighbouring countries.
It was also agreed that the current high cement price was abnormal in some locations nationwide.
Backstory
Earlier, TheWitness reported that the Federal Government, together with cement manufacturers such as BUA, Dangote and Larfarge, has set the price range for a 50kg bag of cement at N7,000 to N8,000 across various locations in the country.
