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There are reviews that the Cement producers have agreed to convey down the value of the product to between N7,000 and N8,000 per 50kg relying on the placement nationwide.
TheNation reported that in a gathering initiated by the Minister of Works, David Umahi, and attended by his counterparts from the Ministry of Trade, Commerce, and Funding, together with Doris Uzoka-Anite, in Abuja on Monday, February 19, efforts had been made to determine the underlying causes for the abrupt enhance in commodity costs.
The producers current additionally expressed their readiness to willingness to convey down the costs in future as quickly because the federal authorities intervention are fulfilled.
BUA Industries additionally disclosed plans to convey 6 million tons of cement into the market to mitigate the surging costs.
The federal authorities has additionally declared its intention to encourage the introduction of six new producers.
