The Federal Government says last year’s #ENDSARS protests and the COVID-19 pandemic which disrupted production flows were responsible for the skyrocketing of cement price in Nigeria.

The Permanent Secretary of the Ministry of Industry, Trade and Investment, Nasir Sani-Gwarzo said this at an event in Abuja adding that the development affected the volume of stock levels in the supply chain due to reduction of cash flow of major distributors and high cost of transportation.

Market surveys show that prices of cement and associated products, such as blocks, in many states, including Abuja, have continued to rise.

For instance, the price of a 50-kilogramme bag now goes for N3, 700 in Lagos and Cross River states; N4,000 in Enugu and Imo states; Rivers state N4,300; Abuja N3,700; Kano and Oyo states N3,500.

Until the last quarter of the year, cement was sold for between N2400 and N2500 in many of the states.

While nine-inch block in Enugu is sold at N200, and a six-inch block goes for N160 per block, in Abuja, nine inches block sells for N180 and six inches for N160 as against the previous N150 and N130 respectively.

But speaking on the development, Sani-Gwarzo cautioned the general public against panic purchase of cement due to the recent price increase of products in some parts of the country.

He said the Ministry has been working assiduously to engage all the relevant stakeholders in the cement manufacturing sector to address the lingering situation.

The Permanent Secretary further noted that there has been a massive build-up of demand from public works contractors as they are in a hurry to meet milestones and deadlines on projects across the country .

To address the situation, he said the Minister of Industry, Trade and Investment, Adeniyi Adebayo, would be engaging with relevant stakeholders in the cement industry with a view to meeting the increased demand of the commodity.

He added, “We urge the public not to embark on panic buying and storage of the product as the current market price is temporary.”

He assured the general public that the government will continue to be on the alert to its responsibility of ensuring goods and services are available at reasonable prices.

He stated that the ministry will continue to monitor the situation while encouraging them to support market intelligence efforts by making relevant information available on the product.

https://www.vanguardngr.com/2021/01/fg-blames-endsars-protest-covid-19-for-rising-cement-prices/

Most shameless government

After price don crash abi, Una no serious.
Price of poultry feeds and fishery is still high, look into that and leave cement.
Cement price is already coming down.

As useless as ever, a government that do not have anything to offer, always putting the blame on something, any rational person know the increase in price is due to the shylock monopoly of the major cement producer, anytime he is looking for money for his business, he jack up cement price, na make them dey look for who to blame

I have never seen a government as terrible as this

They should just have added the number of Nigerians without NIN too,to complete their usual embarrassing excuse for crass incompetence.

Odewaleadesoye:
The funniest part is that Nigerian government will always put blame on something and always try to divert our attention to something else.

Most especially the man with this cap

Mr Lai Lai the prophet.

This government and blaming eh.

I can't wait to get out of this country, these leaders are just making things worse everyday

Nailed. EndSARS protest caused loads of hardship

These people make una fear God oooo

this useless government have been looking for a way get bck at endsars protesters, from shutting down clubs and entertaining activities to NIN now they are blaming the youth for their errors.

NA ONLY WEN YOU GET MONEY THIS COUNTRY FIT SWEET YOU, BUT IF YOU POOR AND YOU STILL THINK SAY 9JA GO SOON BETA THEN YOU FIT DIE OF POVERTY.
AS FOR ME AND MY FAMILY NA CANADA B OUR LAST BUS-STOP.

wetin Musa no go see on his way to mosque for Jimoh.


No be here we dey when workers of cement factories claimed they were not allowed to go home during lockdown Those guys overworked during those period.


Anything to trend news for Naija... Nonsense

He is mad. How possible can his illusion be .
I blame his existence on excess of oxygen

Endtime Minister

Any other excuses like covid19 would be acceptable but using #endsars protest in the narrative is just a deliberate act of deception to change public perception and media output.

This shows how wicked politicians can be.

In all their excuses as to why price of goods and services increases, they usually and deliberately ignore the increase in taxation, costs of fuel, electricity tariff, which is their own handwork.

Now they are blaming the citizens for demanding justice for police brutality, indiscriminate arrest/profiling and extra judicial killing.

Now ask most of them for solutions, their answers would be like someone who never study economics in secondary school, whereas, they knew what to do but, the act of deceiving the public won't allow them to say the truth.

Ahn ahn imagine and diz one go don become grandpa wetin he dey teach him grandkid...


Shey ENDSARS protesters enter Cement Factory loot raw materials ni abi Cement too need Covid 19 Vaccine to go cheaper cause i don't understand again..

And also People without NiN number too are to be blame for the Cement increment..

Rubbish, this gov knows how to blame.
Very soon they will start blaming bobrisky for causing insecurity in Nigeria.
Blame Michael Jackson for being the cause of unemployment in Nigeria.

He who has ears let him hear.....Leave Nigeria to a better country, come back when things are working *drops mic*. Price always goes up in this country, it affects the middle class and the poor, but the high and mighty can afford any level of hardship thrown at them cos they have stolen and have enough for a thousand rainy days.

Work your way out so in the next 5-10 years you do not look back and say what have you achieved.

Buhari and his northern pple are the worst thing to have happened to this country. It's either they are daft or they are trying to be wicked by forming clueless.

Clueless at best!

hmm....sounds interesting...interesting rubbish

J

This Govt ma scam.. Am definitely not proud to call my self a Nigerian and sure most people are not proud of this country.. Bad and corrupt leaders, wicked business owners , corrupt sectors etc .. lots of homes don destroy cos husbands no get say for house again cos dey can no longer fend for their families due to lack of Money , hunger don turn wives to coded prostitute , daughters don turn to coded runs girl on street even in school campuses.. Omg

Nigeria is a failed nation .. Apc iyanbe lorun funyin o .. as u have killed people's dreams, business and happiness so shall God almighty destroy ur joy and happiness also ..aromo domo yin ma ri inira bi asen ri inirayi..
Feeling pained

Talk something else... Rubbish

Preposterous.

Since when did federal government start giving excuse for Dangote when he increases the price of product he is monopolizing?

Always pointing accusing fingers and giving unfounded excuses.

Mumu talk for blaming End Sars.

Dangote is a scammer, he is collecting all the donations he made to PTF

We don't care about the cause, we need solutions