President Goodluck Jonathan has given cement manufacturers in the country marching orders to bring down the price of cement within the next one month.

The directive was following a meeting he held with the manufacturers in his office in the presidential villa.

Presidential spokesman, Mr Ima Niboro, who announced President Jonathan's decision after the meeting said the manufacturers had agreed to do all that was necessary to meet the one month time frame.

According to Niboro, Dr Goodluck Jonathan was saddened by the complaints of Nigerians over the sharp rise in the cost of the product and decided to call a meeting of the top five manufacturers to find a way out.

The cement manufacturers who also briefed state house correspondents after the meeting revealed that already, measures had been put in place to ensure that the prices of the commodity fall to about 1000 naira per bag.

The President of the Cement Manufacturers Association of Nigeria [CMAN], Chief Joseph Makoju; Chairman of Dangote Group, Alhaji Dangote; Chairman of BUA Group, Alhaji Abdulsamad Rabiu and Country Manager of Lafarge Cement, Jean-Christophe Barbant who were all present at the meeting assured Nigerians that the prices would come down before the deadline.



http://www.spotlightnigeria.com/index.php?option=com_content&view=article&id=565:pres-jonathan-orders-reduction-in-cement-prices&catid=35:business&Itemid=56

now i can build more houses,

This if implemented would be interesting,

Why not order landlords and landowners in Abuja to reduce the cost of renting a house or buying land in FCT by the end of the month?

My problem with these quick fix solutions is that they are not sustainable. If a company has to buy black oil at exhorbitant rates to generate power to produce cement, how will prices come down?

We dey watch.