Nigerian govt threatens to allow massive importation, warns Dangote, BUA, others

A Nigerian minister has threatened cement manufacturers that the government would allow massive importation of cement if the price was not reduced across the country.

News Agency of Nigeria reports that the Minister of Housing and Urban Development, Ahmed Dangiwa, issued the threat at a meeting with Cement and Building Materials Manufacturers in Abuja on Tuesday.

According to PREMIUM TIMES, major cement manufacturers in Nigeria – Dangote, BUA and Lafarge – agreed that the price of a bag of cement will not exceed between N7,000 and N8,000.informationguideNigeria

The resolution was reached following a meeting between the Minister of Works, David Umahi, the Minister of Industry, Trade and Investment, Doris Uzoka-Anite as well as representatives of BUA Cement, Dangote Cement, Lafarge and Cement Producers Association on Monday.

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Mr Dangiwa expressed concerns that in the past couple of months, the country had witnessed an alarming increase in the prices of cement and other building materials.

“Clearly, this is a crisis for housing delivery. An increase in essential building materials means an increase in the prices of houses.

“We are not the only country facing these challenges, many countries are facing the same type of challenges that we’re facing, some even worse than that.

“But, as patriotic citizens, we have to rally round the country when there is crisis, to ensure that we do our best to save the situation,” he said.JAMB Result

“The government stopped importation of cement in other to empower you to produce more and sell cheaper,” Mr Dangiwa said.

“Otherwise the government can open the borders for mass importation of cement, the price will crash, but you will have no business to do.”JAMB Portal

“One person cannot be selling at N3500 per bag and another selling at N7000 per bag and you cannot call them to order,” he said.

“The association is expected to monitor price control, otherwise the association has no need to exist.”NYSC Portal

As reported by News Agency of Nigeria that the three major cement producers, Dangote Plc, BUA Plc and Lafarge Plc were represented as well as other industry stakeholders.

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