Tinubu Orders Cement Manufacturers to Revert to Old Prices Amidst Hike
President Bola Tinubu has directed cement manufacturers, including Dangote and BUA, to revert to their old prices following a recent hike. This directive was conveyed by the Minister of Works, Dave Umahi, during an inspection of the BUA cement factory in Sokoto on Thursday.¹
Although the president's directive did not specify a particular price, it aims to address the surge in cement prices that has affected the construction industry. Umahi emphasized that the cement companies can still improve their pricing to make the product more affordable for Nigerians.
The move is expected to provide relief to construction companies and individuals who have been struggling with the high cost of cement. However, it remains to be seen whether the cement manufacturers will comply with the president's directive and revert to their old prices.
.jpeg)
No comments:
Post a Comment