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.

Ibraheem Adeola Katibi     Babata     College Of Health     Tunji Moronfoye     IFK     Cornelius Adebayo     Olupako Of Share     Olatomiwa Williams     Elerinjare-Ibobo     Prince Sunday Fagbemi     Mohammed Danjuma     Kamaldeen Ajibade     Muhammad Toyin Sanusi     Hikmah AbdulKareem     Oja-Oba     KWASAA     International Aviation College     Bilikisu Oniyangi     National Association Of Nigerian Students     ENetSuD     Ilorin Durbar     Sherif Shagaya     Gobir     Lanre Badmus     Tanke Road     April 11     Ahmed Ayinla Jimoh     Mahmud Ayinla Giwa     Abdul-Rasheed Na\'Allah     Florence Saraki     Kamaldeen Gambari     Ola Falade     Olaiya Zuberu     Hassan Abdulazeez Elewu     Suleiman Rotimi Iliasu     Abubakar Usman Jos     Kwara Basketball Association     Charles Ibitoye     Iliasu     John Obuh     Ilorin South     Abdulkadir Akanbi-Oke     Economic And Financial Crimes Commission     Air Peace     Joseph Bamigboye     Elections     Alore     Ramat Oganija     Maigida Soludero Transit     Oniwasi Agbaye     Abdulrazaq Aiyelabegan     Unicontinental Construction Company     Mohammed Ibrahim     Oro Grammar School     Kwara Apc     Sabo-Oke     Makama Of Kaiama     Olatunji Ayeni     AbdulRauf Keji     Abdulrahman Abdulrazak     Matthew Okedare     Ayegbeni     Women Radio     Dar-Al-Handasah Consultants     Illyasu Abdullahi     Igbaja     Tsaragi/Share     Islamic Development Bank     March 28     Ibrahim Abdulkadir Abikan     IHS Towers     Olabode Towoju     Chartered Institute Of Personnel Management Of Nigeria     Kumbi Titilope     Yakubu Danladi     Rashidi Yekini     Jide Ashonibare    

Cloud Tag: What's trending

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

Mohammed Jimoh Faworaja     Damilola Yusuf     Timothy Akangbe     Kehinde Baale     Bond     Offa Descendants Union     Solomon Edojah     Yinka Aluko     Aiyedun     Kwara State Coalition Of Business And Professional Associations     Bank Of Industry     Summit University     Alfa Modibo Belgore     Mahfouz Adedimeji     Ekiti     Mopelola Abdulmaliq-Bashir     Ajike People Support Centre     Bibire Ajape     Pakata Development Association     Saad Omo Iya     Ijagbo     Idofin     Mustapha Olanipekun     Peter Obi     Magaji Nda     Mohammed Haruna     Samuel Adaramola     Diagnostic Centre     NNPP     Omar Gambari     Clara Nwachukwu     Facemasks     Oju Ekun Sarumi     IsDB     Road Transport Employers Association Of Nigeria     Hassan A. Saliu     March 18     Afolasade Opeyemi Kemi     Kwara State Council Of Chiefs     Amos Bajeh     Salman Suleiman     Ibrahim Oloriegbe     Yusuf Lanre Badmus     Quareeb     Hydroelectric Power Producing Areas Development Commission     Pius Abioje     Adeola Abraham     Yusuf Babatunde Abdulwahab     Ayoade Akinnibosun     FOMWAN     AbdulHakeem Ajibola Akanbi     Bashirat Bola Bello     Saliu Shola Taofeek     Muyiwa Oladipo Kanu     Balikis Jawondo     Idowu Aremu     Sheikh Ridhwanullah     Ajuloopin     Abdulahi Abubakar Bata     Labour Party     Abdulquowiyu Olododo     Abubakar Ndakene     Aliyu Kora-Sabi     Akom Construction And Engineering Synergy Ltd     Taofeek Ibraheem     Abdulkareem Alabi     Jimoh Saadudeen Muhammed     Tunji Oyawoye     Kwara Coalition Of Business And Professional Associations     Mansur Alfanla     Musa Aibinu     Yashikira     KWSIEC     Yekeen Alabi     Sunday Popo-Ola     Christopher Ayeni     Abdulraheem Yusuf