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.

Dan Iya Of Ilorin     Aso Ofi     Abiodun Jacob Ajiboye     Kwara Restoration Project     Ayodele Shittu     IPSAS     SSA Youth Engagement     Oba David Oyerinola Adedunmoye     Oko-Erin     Okin Biscuit     Benin Republic     Firdaos Amasa     National Association Of Nigerian Students     CLAY POT     Bola Magaji     Kisira     Tsaragi     Abdullahi Dasilva Yussuf     Shaaba Lafiagi     Saad Omo\'ya     Segun Abifarin     Smart School     Countryside Emerging Leaders Fellowship     Rotimi Oyedepo     Muhammad Ghali Alaaya     Bayer Nigeria Limited     Balikis Jawondo     Yusuf Badmus     Abdulkadri Ahmad Alaiye     Ayodele Kuburat Olaosebikan     Ahmed     Elesie Of Esie     Ajasse-Ipo     Rachael Obisesan     Saliu Oluwole     Abdullahi Adisa Akodudu     Femtech     Maryam Ado Bayero     Saka Asiat Ayinke     Idris Amosa Saidu     Hakeem Idris     Abdulrazaq Solihudeen     Lawal Arinola Kudirat     Al-Ilory     Haruna Tambiri Mohammed     Y.A. Abdulkareem     Ganiyu Abolarin     Agbarigidoma     Bankole Omishore     Adedayo Yusuf Abdulkareem     Adesoye     Ekweremadu     Suleiman Mora Omar     Esinrogunjo     Amada Jidda     AGILE Programme     Ronke Adeyemi     Na\'Allah     Rafiu Ibrahim     Bashiru Makama     Majlis For Sadaqah, Zakat And Waqf     Alagbado     General Tunde Idiagbon International Airport Ilorin     Yakubu Mohammed Abdullahi     Yinka Aluko     Ayinde Oyepitan     Salake     NULGE     Islamic Development Bank     RTEAN     Lafiagi     Lai Gobir     Ahmad Fatima Bisola     Segun Ogunsola     Maja     Bolaji Aladie     Ohoro Of Shao    

Cloud Tag: What's trending

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

SUBEB     Kawu Baraje     Ishola Moses Abiodun     Tunji Arosanyin     Alfa Modibbo Belgore     Ibrahim Akaje     Sango-UITH Road     LABTOP     Yunus Oniboki     Alanamu     Adebara     Alabere     Aminu Ado Bayero     IHS     Abdul-Rahoof Bello     Aiyedun     Okedare     Binta Sulyman     Fawenu     Dankaka     Salary     Okala Baba     College Of Education     Lanre Aremu     Ahmed Saidu Rufai     Zulkifli Ibraheem     Alfa Belgore     Olupako Of Share     Gbajabiamila     Raymond Olaitan     Adamu Atta     KWASIEC     Javed Khan     Ilorin East     Gobir     Mope Dasuki Belgore     Lawal Arinola Kudirat     NIRSAL     Simeon Sayomi     Saheed Popoola     Ahmed Alhasssan     Funmilayo Braithwaite     Ibrahim Bio     Jamila Bio Ibrahim     Wasiu Odewale     Raliat AbdulRazaq     Valsolar     Budo-Egba     Muhammadu Buhari     Kawu     Odo-Owa     Shola Odetundun     Jumoke Gafar     Yusuf Arowosaye     Okin Biscuit     HICA     Babata     Abdulganiyu Salahudeen     Salmon Babatunde Salmon     Aishat Sulu-Gambari     Bolakale Saka     Saliu Tunde Bello     Abubakar Abdulraheem     KWSIEC     V.O. Abioye     Yusuf Zulu-Gambari     Donatus Ejidike     Ibrahim Labaika     Rasheed Jimoh     Dele Momodu     Raji AbdulRasaq     Afonja Descendants Union     CCT     Zulu Gambari     Iyiola Oyedepo     Amada Jidda     Razaq Atunwa