News
Addressing the Escalating Cost of Cement: Minister Calls for Industry Dialogue
Addressing the Escalating Cost of Cement: Minister Calls for Industry Dialogue
The Minister of Works, David Umahi, has taken a proactive stance in response to the concerning surge in the cost of cement by summoning key players in the industry to a crucial meeting. Expressing his unease at the rapid escalation of cement prices despite substantial demand from road and housing construction contractors, the Minister aims to address this issue head-on.
NewsReport Nigeria learned that, as articulated by the Minister’s Special Adviser (Media), Orji Uchenna Orji, in a statement released in Abuja, the meeting is scheduled to convene on Monday, February 19, 2024, at the Ministry’s Conference Hall in Mabushi, Abuja. The primary agenda of this gathering is to engage with all cement manufacturers operating in Nigeria, including industry giants such as Dangote Plc, BUA Plc, Lafarge, and others.
Acknowledging the challenges faced by cement manufacturers, the Minister emphasized the need to delve into the notable disparity between ex-factory prices and prevailing market rates. By fostering an open dialogue, the Minister aims to gain insights into the root causes of this pricing misalignment and explore collaborative solutions to address this pressing concern.
This online information reports that the Minister’s proactive approach underscores a commitment to fostering a conducive business environment that supports both industry sustainability and affordability for consumers. By facilitating constructive discussions and seeking alignment on key issues, the Ministry of Works aims to pave the way for a more transparent and equitable cement market.
In conclusion, the forthcoming meeting between the Minister of Works and cement manufacturers symbolizes a pivotal moment in addressing the challenges posed by the rising cost of cement. Through collaborative efforts and a shared commitment to finding common ground, the industry can navigate these complexities and work towards a more balanced and sustainable pricing framework. Stay tuned for updates on the outcomes of this critical dialogue as stakeholders come together to chart a path forward in the cement sector.
Stay informed, stay engaged, and let’s work together towards a more resilient and responsive cement industry.
Thank you for reading.
