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.

Joana Nnazua Kolo     Sobi     Balogun Gambari     Yakubu Dogara     Sobi FM     Abdulrasheed Lafia     Aiyedun     Aliyu Muhammad Saifudeen     Ilorin Emirate     Ilorin South     James Kolo     Mubarak Oladosu     Ayotunde Emmanuel Alao     Afetu Of Alabe     Ebola     Mike Omotosho     Laduba     Isapa     Abdulrasheed Na\'Allah     Arik     Kwara State Printing And Publishing Corporation     Idowu Aremu     Magaji Nda     Kwha.gov.ng     Garba Ayodele Wahab     Aishatu Ahmed Gobir     Government House     Air Peace     Kayode Issa     John Olobayo     Yemi Sanni     Saliu Ajibola Ajia     Awodun     Centre For Community Empowerment And Poverty Eradication     Olateju Lukman     Madawaki     Lateef Alagbonsi     Mujtabah Bature     JSSCE     Micheal Imodu-Ganmo Road     Bola Olukoju     Mohammed Yisa     Kazeem Adekanye     Seed Technologies     Lukman Adeloyin     Yusuf Amuda Aluko     ITEM 7     John Mayokun Dada     Niyi Osundare     Alikinla     NURTW     Christopher Tunji Ayeni     Shuaibu Yaman     Basit Olatunji     Bisi Oyeleke     Dapo Teni Nig Enterprise     Patigi Regatta     RTEAN     Christopher Ayeni     Lateef Fagbemi     Moji Makanjuola     Yahaya Oloriegbe     Earlyon Technologies     Gbajabiamila     Yahaya A Paniyaro     Ndakene     Muazam Nayaya     Mufutau Gbadamosi Esuwoye     Bayer Nigeria Limited     Oro Grammar School Old Students Association     Sobi Specialist Hospital     Muhammad Mustapha Suleiman     Paul Olawoore     Sabitiyu Grillo     Titus Ashaolu     CBT     Mutawalle    

Cloud Tag: What's trending

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

MalHub     Isiaka Oniwa     Abdulrazaq Adebayo     Rapheal Ashaolu     Ibrahim Abiodun     Yahaya Dumoye     Buari Edun     Nurudeen Muhammed     Alaaya     KWTV     Irepodun     A.G.F Abdulrasaq     Isaac Aderemi Kolawole     Smart School     Rueben Parejo     Bello Oyebanji     JUSUN     Charles Ibitoye     Saeedat Aliyu     Saka Abimbola Isau     Tunji Arosanyin     Ademola Kiyesola     Odolaye Aremu     Yahaya Abdulkareem     Code Of Conduct Tribunal     Balikis Jawondo     Fareedah Dankaka     Kwara Volleyball Association     Wasiu Odewale     Idowu Aremu     Elerin Of Adanla Irese     Federal Polytechnic Offa     Ganmo Power Sub-Station     Savannah Centre For Diplomacy, Democracy And Development     Ado Bayero     James Kolo     Kunle Okeowo     Samuel Adaramola     Olupako Of Share     Vasolar Consortium     Toyin Saraki     Ilesha-Baruba-Gwanara     International Vocational Centre     James Ayeni     Muslim Cementary     Offorjama     EndSARS     Coronavirus     Abatemi Usman     Okin Group     Lanwa     Shao     Omu Aran     Adisa Logun     Gobirawa     Ishola Balogun Fulani     Awili Pedro     Ilorin Muslim Community     Isiaka Alikinla     Gwanara     AbdulFatai Adeniyi Dan-Kazeem     Olaoye B. Felix     08001000100     Kwara Teaching Service Commission     Islamiya Abdulraheem     Issa Oloruntogun     Gbemi Saraki     Isin     National Party Of Nigeria     Femi Oladiji     Ajase-Ipo     Elese Of Igbaja     Oba Mogaji Abdulkadir     Special Agro-industrial Processing Zone     Umar Ahmed Gunu     Arandun     Sulyman Buhari