Producers Give Reasons For Skyrocketing Cost Of Cement - Politics

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Producers Give Reasons For Skyrocketing Cost Of Cement - Politics - Nairaland

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Producers Give Reasons For Skyrocketing Cost Of Cement by EcoBrick: 2:17pm On Feb 19

The Cement Producers’ Association of Nigeria, CEPAN, has expressed readiness to support the President Bola Tinubu administration in reducing the price of cement in 30 days.

The Chairman of CEPAN, Prince David Iweta, told The Tribune on Monday that the current hike in price of the product is due to production being overwhelmed by demand.

He said the association had alerted the Federal Government about the ramifications and probable outcomes of assigning the responsibility of producing and providing for the cement requirements of more than 200 million individuals to a select group with privileges.

“What we are seeing today is a case of demand clearly outweighing supply and we in the association knew it would come to this because there is no way the few players in the industry can meet the cement needs of Nigerians.

“If you remember, the association had earlier warned, even when the commodity was still as low as N3,000 that in the nearest future, it would sell for as high as N9,000 if certain steps were not taken.

“Why we were saying that then was to ginger the government to take action and avert this mess that we are all in today,” he said.

https://dailypost.ng/2024/02/19/producers-give-reasons-for-skyrocketing-cost-of-cement/

21 Likes 4 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by dubaino(m): 2:19pm On Feb 19

Okay

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Seefinish: 2:23pm On Feb 19

What is the way forward?

9 Likes 2 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Paraman: 2:25pm On Feb 19

Seefinish:
What is the way forward?

Importing cement on the short run. But the issue about importing on the short run is that, it's going to be very expensive because of the high exchange rate.

We are not producing enough cement in Nigeria. We need more cement manufacturers in Nigeria

56 Likes 1 Share

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by afroniger: 2:28pm On Feb 19

Hear talk? What a criminal excuse! That's price gouging. Government should penalize them. Nigerians were thinking that the reason for the sharp increase was related to inflation or dollar scarcity. Which stupid increase in demand are they referring to? This is unacceptable plain and simple economic sabotage.

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Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Figger(m): 3:05pm On Feb 19

The federal government through the ministry of works should rescind it's decision of using concretes on road construction ASAP

81 Likes 3 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Ofunaofu: 3:17pm On Feb 19

Figger:
The federal government through the ministry of works should rescind it's decision of using concretes on road construction ASAP

This is more like it

32 Likes 3 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by matify83: 3:40pm On Feb 19

I thought Nigeria was self sufficient in cement production that we even export to neighboring countries.

How has demands outstripped supply especially at this time when the few disposable income of the masses is plowed into buying of food?

This guy should please tell us another story!

117 Likes 5 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by matify83: 3:46pm On Feb 19

Figger:
The federal government through the ministry of works should rescind it's decision of using concretes on road construction ASAP

It was a policy on paper.

I don't know of any ongoing major road project that is causing shortfall in cement availability as we speak.

If the 2nd Niger bridge didn't cause supply drought, which road is causing the scarcity?

The cement cartel are not telling us the truth yet.

112 Likes 6 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Caramia2020(m): 3:58pm On Feb 19

Stop exporting cement to neighbouring country in order to meet our demand here in Nigeria.

17 Likes 2 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Chicagograduate(m): 4:19pm On Feb 19

Na all these yahoo (Money miss road) boys dey make cement cost.As I am typing,they are buying in large quantities for the price of 15k each without blinking because they want to compete with their ritualists pairs about spending costly to build a house.
Open our borders..Why are Nigerian manufacturers exporting their products but are frowning at importation of foreign goods?

11 Likes 2 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by ustorp(m): 4:22pm On Feb 19

Cost of production

2 Likes 1 Share

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Chicagograduate(m): 4:28pm On Feb 19

Seefinish:
What is the way forward?

Open the borders.Nigerian manufacturers are exporting their products to neighbouring countries as well.

5 Likes

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by bigdammyj: 4:28pm On Feb 19

Noted.

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by opamoses1: 4:28pm On Feb 19

Demand?

So people dey build house dey go despite the Inflation.

7 Likes

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by ClassicMan202(m): 4:30pm On Feb 19

In other words.... MONOPOLY

Monopoly will k!ll Nigeria if we don't k!ll if First.

32 Likes 4 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by benuejosh: 4:30pm On Feb 19

He said the association had alerted the Federal Government about the ramifications and probable outcomes of assigning the responsibility of producing and providing for the cement requirements of more than 200 million individuals to a select group with privileges

.

Look at this man. So because of this, you guys decied to increase the price of cement just because only a few or select few are producing. This is the same artificial crisis i was talking about even in the market. The traders are deliberately increasing prices of commodities in the market every hour of the day. The same item on the same day has a different price at 8:00am, 12:00noon and 4:00pm.

Humans are just being wicked.

67 Likes 3 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by samuel19222(m): 4:30pm On Feb 19

2 Likes 1 Share

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by GanagiBitrus: 4:31pm On Feb 19

Cement manufacturers had to increase prices in order to pay their workers higher wages to refect increasing cost of living & to remain in business.

However the % increase in price was too much, but that's what you get in a monopoly.
So Govt needs to deregulate that sector & encourage more cement players.

3 Likes 1 Share

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by mrjoeblinks: 4:31pm On Feb 19

Ehen?
.
Still not enough reason!

1 Like 1 Share

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by YourGFsnatcher: 4:31pm On Feb 19

Some people will still give tin
ubu excuse

2 Likes 1 Share

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Anguldi(m): 4:31pm On Feb 19

Greedy makers tongue

3 Likes 1 Share

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by YourGFsnatcher: 4:31pm On Feb 19

Some people will still give tin
ubu excuse.

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by inoki247: 4:31pm On Feb 19

Lol Dem say demand too much I thought Nigeria is poor we dey hustle for food who are the people now buying....

Just say you guy's don dey go sell am for nearby country to cashout more due to exchange rate ...

9 Likes 1 Share

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by verybadmouth(m): 4:32pm On Feb 19

Economy is bad, people are still building houses like they are buying pure water. Make una cornteanew

3 Likes

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by jumper524(m): 4:32pm On Feb 19

There's no cement scarcity anywhere in Nigeria, cement that we still export to other African countries with price still same over there yet it's a different story with Nigeria.
Abeg make una get at.

7 Likes 1 Share

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by XPMExchange: 4:33pm On Feb 19

All these talks...Is it still going to reduce the price of cement?? Well, Digital currency is taking over. Lets change the topic undecided

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Re: Producers Give Reasons For Skyrocketing Cost Of Cement by EmperorCaesar(m): 4:33pm On Feb 19

One dumbo said Yorubas will not be able to build houses anymore as if things like wealth and affluence is acquired ethnically and that was it for me

I finally concluded that we have more retarded people in this country than we all think we do

IQ is geographically influenced, according to scientists and I think its very low at that side where the sun rises cheesy

6 Likes 3 Shares

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Malvinn(m): 4:33pm On Feb 19

And it will keep increasing.. which kind country be this sef wey things dey cost every week

Re: Producers Give Reasons For Skyrocketing Cost Of Cement by Ejebleje: 4:33pm On Feb 19

Then open the borders! Let people import this thing ,if demand has outweighed supply! For crying out loud ,it's an essential commodity! Open the borders , for food ,cement, and all our essentials.

200million isn't 200,000 !

5 Likes

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