Nigeria: Cement Price Must Reduce - Umahi Tells Manufacturers
David Umahi said high cement costs are straining infrastructure projects and driving contract variation requests as talks with manufacturers begin July 1.
- Minister of Works David Umahi insisted, "Manufacturer of Cement must reduce their prices," citing rising costs as a burden on infrastructure projects and specifically addressing Lafarge, now HBM, and other manufacturers.
- Under President Bola Ahmed Tinubu's Renewed Hope Agenda, the administration is investing heavily in critical infrastructure to create opportunities for manufacturers and investors. Umahi emphasized this infrastructure revolution requires affordable cement to proceed.
- The Lagos-Calabar Coastal Highway exemplifies this vision, attracting global admiration for its quality. Umahi noted the Dutch Bank described the project as being "of topmost quality," citing international interest in the technology.
- Starting July 1, the federal government will engage manufacturers to resolve pricing conflicts. Umahi stated, "We shall be engaging on this from First of July," to address contractor demands for cost reviews.
- Urging industry players to expand capacity, Umahi assured companies of government partnership and support. He stated, "The market is smaller than the president's efforts," encouraging manufacturers to meet the nation's infrastructure demands.
16 Articles
16 Articles
Nigeria: Cement Price Must Reduce - Umahi Tells Manufacturers
The minister of Works, David Umahi has called on cement manufacturers across the country to immediately reduce the price of cement, insisting that the current cost of the product is placing pressure on ongoing infrastructure projects and increasing demands for contract variations.
Reduce cement prices now, Umahi tells manufacturers
The Federal Government has intensified pressure on cement manufacturers to reduce the cost of cement, warning that the current pricing regime is placing a heavy burden on ongoing infrastructure projects and triggering growing demands from contractors for contract variations. Minister of Works, Senator David Umahi, stated this on Sunday while delivering a keynote address at Read More: https://punchng.com/reduce-cement-prices-now-umahi-tells-manuf…
Nigerian Government calls for Cement Price Slash
The Nigerian government has tasked cement manufacturers to immediately reduce the price of cement. The Minister of Works, David Umahi, who stated this in Lagos, explained that the current cost of the product is placing pressure on ongoing infrastructure projects and increasing demands for contract variations. Mr Umahi said this while speaking at the official unveiling of the new corporate identity of Lafarge, now rebranded as HBM, a member of th…
FG Urges Cement Manufacturers To Boost Infrastructure Devt Agenda By Cutting Price
FG Urges Cement Manufacturers To Boost Infrastructure Devt Agenda By Cutting Price By Abba Sunday, Abuja Minister of Works Senator David Umahi has called on cement manufacturers across the country to immediately reduce the price of cement, insisting that the current cost of the product is placing pressure on ongoing infrastructure projects and increasing demands for contract variations. This was disclosed in a statement signed by Francis N…
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