Address Issues with Hike in Cement Price - Awobudu tells FG
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Address Issues with Hike in Cement Price – Awobudu tells FG



Mr Kunle Awobodu, the National President, Building Collapse Prevention Guild (BCPG), has advised the Federal Government to address the causes of incessant hike in the price of cement.

Awobodu gave the advice in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos.

He urged the government to make cement manufacturing business more competitive to allow six or more competent producers to exist in the market.

According to him, there is need for the establishment of more cement manufacturing firms to help crash down the price; high cost of cement is as a result of few cement manufacturing plants.

Awobodu said that hike in the price of cement was greatly affecting building construction development, because it was a major component of building materials.

“As a major component of building materials, the price of cement is suppose to be the cheapest of all other materials used in construction.

“But currently, the price of cement has increased to the extent that a 50kg bag of cement now sell for between N2,800 and N3,000, depending on the brand,” he said.

Awobodu said that the increase in cement price did not bring along a corresponding increase in its quantity or quality.

He stressed the need for the establishment of a separate power plant that would provide uninterrupted power supply to the cement factories to aid their operations.

Awobodu said that power supply constituted a major challenge to the production of cement in the country.

He said that a greater percentage of the raw materials used for cement production were being sourced locally.

“If not all, at least 90 per cent of the raw materials used in cement production can be found in Nigeria and that is an added advantage for the producers.

“The exchange rate shall not be a yardstick for determining the cost of cement production, because large portion of the raw materials can be locally sourced,” he said.

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Updated on February 8, 2019 at 11:56 am