Cement Scarcity Hits Kwara As Bag Sells For N6,200
A bag of cement has hit N6,200 in Kwara State, Daily Trust can report.
The development is a sharp increase from last week when it sold for between N5,000 and N5,200.
Many distributors and retailers who spoke to our correspondent on Thursday lamented the scarcity of cement in the state despite the increased demand.
According to Hajia Lateefat Abdullahi, owner of Orire cement, “It has been difficult getting supply from distributors to satisfy customers in Il?rin.
She said the situation was becoming frustrating as it has been difficult to get a single truck of 900 bags since Monday.
A retailer, Mr Nasiru Babatunde, said he had not been able to fulfil supplies for many customers who had placed order with some of them even making advance payment.
Speaking on the issue, a major distributor in Kwara, Mr Olatunji Ayantola, attributed the sharp increase in the price of cement to several factors.
“Officially, BUA increased the price by N750 on Monday while we await the official amount that Dangote will also come up with after its own increment.”
“What was happening before was speculation, market fluctuation and inflation. Initially, there was scarcity due to poor loading from the companies over the issue of gas which reduced delivery that created the surge we were battling with before the increments”, he added.
Mr Ayantola said, “Even when we were selling N5,200 in Kwara, some parts of the far north like Jigawa, Maiduguri and Plateau sold for N6,500 depending on the area and who is selling.
“But we may not likely experience further increase in the weeks ahead with the current market price”, he noted.
The situation comes as a disappointment for customers who hoped for price crash as a result of the announcement of BUA to sell for N3,500 per bag, last year.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Sherif Sagaya Fatimoh Lawal Park ITEM 7 Ebola Abdulrasaq Alaro Abdul Jimoh Mohammed Mahmud Ayinla Giwa Abdulmumini Jawondo Tanke Flyover Bridge Olusin Of Ijara Isin Adamu Attah Government House Abdulkarim Adisa Col. Adedipe Durosinlohun Kawu Plat Technologies Jare Olatundun Mary Arinde Irepodun 2023 Elections Fatima Abolore Jimoh Harmony Holdings Ilorin South Constituency Volunteers Of Ilorin Community And The Emirate Rebecca Bake Yahaya Jibril Usman Sam Onile Aminat Ahmed Afolabi-Oshatimehin Adenike Harriet Abdullahi Atanda Muhammad Fawaz Abubakar Federal Allocation Rafiu Ibrahim Adisa Logun Taofeek Ibraheem Yahaya Oloriegbe John Mayokun Dada ASKOMP Kwara Restoration Project Mutawali Muhammed Akanbi Saka Asiat Ayinke Oke-Ode Ishola Balogun Fulani Ayo Salami Jumoke F. Ajao Kolade Solagberu Mustapha AbdulGaniyu Hakeem Idris Oyun Zainab Abass Muhammadu Buhari Olayinka Oladapo Jogunola AGF Abdulrazaq Taibat Ayinke Ahmed KWASEIC Moses Rahman Popoola Kwara State Government Alao Ayotunde Femtech AbdulFatai Adeniyi Dan-Kazeem Gbugbu Shoprite Ibrahim Oniye Bahago Abatemi-Usman Ekiti Mufti Of Ilorin Forgo Battery Company Limited Solomon Edoja Ado Ibrahim Ministry Of Women Affairs And Social Development Oniyangi Kunle Sulaiman Kayode Bankole Arik Femi Gbajabiamila

