The Federal government, led by Minister of Works David Umahi, is addressing the rising concerns over soaring cement prices by summoning major industry players to an urgent meeting.
The meeting, scheduled for Monday at the Federal Ministry of Works, Mabushi-Abuja, aims to examine the issues contributing to the escalating cost of cement despite substantial patronage by road and housing contractors. Among those invited are prominent manufacturers like Dangote Plc, BUA Plc, Larfarge, and others.
The Minister expressed concern over the wide disparity between ex-factory prices and market prices and emphasized the need to understand the challenges faced by manufacturers.
The government's intervention reflects its commitment to addressing the issue and finding a common ground to stabilize cement prices in the market.
