Cement Scarcity Hits Kwara As Bag Sells For N6,200

Date: 2024-02-02

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.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olatunji Abdulmumeen     Al-Ilory     Moro     Gbenga Awoyale     TESCOM     Olayinka Are     Saidu Yaro Musa     Busari Toyin Isiaka     Bashiru Makama     Abubakar Olusola Saraki     Aliyu Umar     Oloriegbe     Woro     2017 Budget     Aliyu Alhassan     Bello Bature     Oniye     Toun Okewale-Sonaiya     Abdulkadir Remi Hawawu     United Nigeria Congress Party     Ohoro Of Shao     LAK Jimoh     Lafiagi     Aliyu Kora-Sabi     Kwara 2023     Sanusi Abubakar     Saidu Isa     Okanlawon Taiwo     IEDPU     Ahmed \'Lateef     Tayo Awodiji     Babatunde Ishola Babaita     Neo Mundo Ltd     Biliaminu Aliu     Folajimi Aleshinloye     Abdullahi Atanda     Iyeru Grammar School     Victor Gbenga Yusuf     Salihu Alhaji Musa     Local Government Pension Board     Jumoke F. Ajao     Fatimoh Lawal     Olusola Saraki     Saka Balikis Kehinde     Voices Of Tomorrow     Ojo Isekuse     Mohammed Alabi Lawal     Kamaldeen Ajibade     Peter Amogbonjaye     Crystal Corner Shops     Ahman Pategi University     NTA Ilorin     Ilesha-Baruba-Gwanara     Halimat Yusuf     Gbadeyan Gbadura Yomi     Yetunde Balogun     Oba Abdulrahim     Aliyu Salihu     Isiaka Danmeromu     CACOVID Palliatives     Kazeem Oladepo     Abdullateef Abdussalam     Ahmed Alhasssan     Yusuf Mubarak     Haashim Initiative For Community Advancement     Adedipe     Kale Bayero     Odogun Olushola Gabriel     New Nigeria People’s Party     Roseline Oni Aremu     Abikan     Federal College Of Education (Special), Afon     Imam Gambari     Iqra Books     Jawondo     Abdulfatai Ahmed     Mohammed Lawal    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ahmad Ali     Hijaab     Agboola Abdulraheem     Ajeigbe     AbdulQowiy Olododo     Olota Of Odo-Owa     Memunat Monsuma     Oyedepo     Baakini     Orisun Igbomina     UNILORIN Alumni Association     Dele Momodu     Madawaki     Charcoal     Dele Belgore     Monkey Pox     Pius Abioje     Oko     Ahmed \'Lateef     Bond     Adesina Simon Sodiya     KWACOBPA     Sardauna     Trade Lenda SME Fair     KwaraLearn     Raliat AbdulRazaq     Balogun-Ojomu     Yahaya Seriki     Tsaragi     Mahmud Ayinla Giwa     Saheed Popoola     John Mayokun Dada     Saad Omo\'ya     Ibrahim Orire     Bello Abubakar     Elekoyangan     Damilola Yusuf Adelodun     Omotoso Musa     Muhammad-Mustapha Suleiman     Saliu Ajia     Okala Baba     Isiaka Alikinla     Ilesha-Baruba-Gwanara     Nigeria Customs Service     Elections     Olufolake Abdulrazaq     Ibrahim Mashood     Saeedat Aliyu     Wahab Femi Agbaje     Sunday Popo-Ola     Esinrogunjo     Rex Olawoye     Umar Adelodun     Neo Mundo Ltd     Monthly Sanitation Exercise     Rotimi Atere     John Olajide Adedipe     Opobiyi     Ohoro Of Shao     KWAFFA     Mufti Of Ilorin     Mopelola Abdulmaliq-Bashir     Lateef Fagbemi     Share/Tsaragi     Senate     Tuesday Assayomo     Yakubu Shaaba     Mohammed Jimoh Faworaja     Ahmed Idris Mohammed     Ile Arugbo     Ahmed Saidu Rufai     Lasiele Alabi Yahaya     KWIRS     Amos Sayo     Shehu Jimoh     Ahmed Shuaib Buranga     Bello Bature