In response to the escalating cost of cement, the Cement Producers’ Association of Nigeria (CEPAN) pledges support to the Bola Tinubu administration in curbing the price surge within 30 days.
CEPAN Chairman, Prince David Iweta, revealed to The Tribune on Monday that the current price surge stems from an imbalance between production and demand.
He emphasized that the association has notified the Federal Government about the consequences of entrusting the cement supply for over 200 million people to a limited group with privileges.
Iweta remarked, “The current situation is a result of demand surpassing supply, a scenario anticipated by the association due to the industry’s inability to meet Nigeria’s cement needs.”
He recalled the association’s prior warnings, issued when prices were as low as N3,000, predicting they could reach as high as N9,000 without intervention.
“Our aim was to prompt government action to prevent the situation we find ourselves in today,” he added.
In a strategic initiative to enhance Nigeria's civil service, the Head of Civil Service of…
The immediate past governor of Kogi State, Yahaya Bello, has once again appeared before the…
The Managing Director of Kaduna Refining and Petrochemical Company (KRPC), Dr. Mustafa Sugungun, has announced…
The Federal Government has shortlisted 11 directors for the final stage of the Permanent Secretary…
The Federal Government plans to enforce a directive requiring all government agencies and parastatals to…
Sokoto State Governor, Ahmed Aliyu Sokoto, has approved a monthly maintenance allowance of ₦200,000 for…