• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Monday, July 14, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

Government Vows To Combat Rising Cement Prices

Tambaya Julius by Tambaya Julius
February 20, 2024
in Business
0
Government Vows To Combat Rising Cement Prices
0
SHARES
5
VIEWS
FacebookTwitterWhatsappEmailTelegram

In a bid to tackle the soaring prices of cement across the nation, the Federal Government vows to prioritise road repairs and explore solutions to gas costs and import duties.

Following a high-level meeting in Abuja between government officials and major cement manufacturers, including Dangote Plc, BUA Plc, and Lafarge Plc, crucial decisions were made to address the ongoing challenges plaguing the cement industry.

RelatedPosts

UBA, Ecobank Lead Nigeria’s Stock Market Rally in One Week

NNPCL Aims for Stock Exchange Listing by 2028

Naira Down to N1,565/$ in Parallel Market

The Federal Ministry of Works commits to intensifying efforts in repairing roads, particularly in areas proximate to cement manufacturing facilities.

The Federal Ministry of Industry, Trade and Investment pledges to engage with President Bola Tinubu to address concerns regarding gas costs and import duties.

Combatting Cement Smuggling:
Collaboration between the Federal Ministry of Industry, Trade and Investment and the National Security Adviser will be strengthened to curtail the smuggling of cement to neighbouring countries.

Cement manufacturers, including Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc, agree to maintain retail prices between ₦7,000.00 and ₦8,000.00 per 50kg bag, contingent on location.

Moreover, a price monitoring mechanism will be established to ensure adherence, with sanctions imposed on non-compliant distributors or retailers.

To foster competition and increase accessibility, the stakeholders advocate for the introduction of six additional players into the cement manufacturing sector.

In a significant move, BUA Cement Plc announces plans to release 6 million tonnes of cement within the next three weeks, further enhancing product availability nationwide.

ALSO READ:  Investors gain N138bn as NGX opens on positive note

The parties involved commit to reconvene in 30 days to assess progress and address any outstanding issues, underscoring a collective determination to stabilise the cement market and alleviate the financial burden on consumers.

Tags: Cement pricesImport dutiesRoad repairs
Tambaya Julius

Tambaya Julius

Julius is a journalist, a BSc Holder in Mass Communication.

Related Posts

UBA, Ecobank Lead Nigeria’s Stock Market Rally in One Week

UBA, Ecobank Lead Nigeria’s Stock Market Rally in One Week

by Nathaniel Irobi
July 13, 2025
0

As domestic stock market extended its positive momentum, closing higher for the seventh consecutive week, six listed Tier-1 banks added...

NNPC Ltd Refutes Viral Claims of Contaminated Fuel Sold in Bottles and Jerrycans

NNPCL Aims for Stock Exchange Listing by 2028

by Nathaniel Irobi
July 12, 2025
0

Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has announced plans for the...

Naira’s Appreciation Deepens, Gaining N12.34 Against Dollar

Naira Down to N1,565/$ in Parallel Market

by Nathaniel Irobi
July 8, 2025
0

The naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,560 per dollar last weekend. Similarly, the...

Recommended

BREAKING:Former President Buhari Dies In London

BREAKING:Former President Buhari Dies In London

8 hours ago
INEC Plans for 2027 Polls

INEC Sets Stage for 2025 Elections with New Voter Registration

15 hours ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (739)
  • Education (217)
  • Entertainment (310)
  • Health (193)
  • National (2,175)
  • News (8,163)
  • Opinion (300)
  • Politics (1,624)
  • Science (15)
  • Security (405)
  • Sports (438)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform