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.

Micheal Imodu-Ganmo Road     Baruba     Eleja     Sango-UITH Road     Valsolar-Kwara Company Limited     Akanbi-Oke     Abdulrahman Abdulrasaq     Henry Olaosebikan     Shuaibu Yaman Abdullahi     Aliyu Muyideen     PharmAccess Foundation     Ramadan     Ilesha-Baruba-Gwanara     Abdulmumini AbdulRazaq     Saadu Yusuf     Colleges Of Education Academic Staff Union     Stephen Fasakin     Oyin-Zubair     Kwara Central     Gurei     Onikijipa     Gobir Organization Foundation     Coronavirus     Ijagbo Health Centre     Khairat Gwadabe     Lanre Olosunde     Abioye Bello     Saadu Alanamu     Oke-Kura     NULGE     Muhammed Abdullahi     Sarakite     Ilorin West     Moremi High School     Okin High School     Bolaji Abdullahi     Raliat AbdulRazaq     Yinka Aluko     Okin Malt     Adeniyi Ojo     Aliyu Kora-Sabi     Jimba Babatunde     Umar Bayo Abdulwahab     Alabi Lawal     Pakata     Kwara State Football Association     Isiaka Abdulrazak     Ilesha-Baruba     Iyabo Dupe Adekeye     Elerin Of Adanla Irese     Abdulsalam A. Yusuf     Olosi Of Osi     AbdulGaniyu Kareem     Rashidi Yekini     Ilorin Emirate Staff Association     Mazars Consulting     Moro     Aiyedun     Mohammed Jimoh Faworaja     C2c@kwarastate.gov.ng     Bolakale Ayo     Amasa     Shuaib Olarongbe     Clement Yomi Adeboye     Al-Ilory     Kale Ayo     GRA     Laboratory-to-Product     Ayo Adeyemi     Alaaya     Abdulsalam Firdaous Amosa     Elewu     Agor     Olatomiwa Williams     AbdulHamid Adi     Fatima Abolore Jimoh     Ohoro Of Shao    

Cloud Tag: What's trending

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

Kwara TV     Otuka     HYPPADEC     Akume     Mohammed Halidu     Hassan A. Saliu     Waheed Ibrahim     Wahab Femi Agbaje     Ilorin Water Reticulation     Bureau Of Lands     Ayotunde Emmanuel Alao     Temi Kolawole     Lasiele Alabi Yahaya     Abdulwahab Ololele     Fola Consultant     NNPP     Sidikat Uthman Ajibola     TIIDELab     Law School Scholarship     Abubakar Atiku     Omupo     Adewuyi Funmilayo     Patience Jonathan     Hajj     Gbemisola Oguntimehin     Micheal Imodu-Ganmo Road     Kale Bayero     Mukhtar Shagaya     Ifelodun     Adesina Simon Sodiya     Aliyu Adebayo     Aminat Ahmed     Abdulrazaq Solihudeen     Age AbdulKareem     Ajibola Ademola Julius     Binta Abubakar-Mora     Kwara Central     James Kolo     Issa Manzuma     Malete     Bola Tinubu     National Pilot     Doyin Group     Kwara 2015     Funmi Salau     Amule Elementary School     Ilorin Durbar     Cassava Growers\' Association     Chartered Institute Of Personnel Management Of Nigeria     Musa Yeketi     Federal College Of Education (Special), Afon     Abubakar Aliagan     Suleman Abubakar     Jimba Babatunde     Trader Moni     Ilorin     Makama Of Ilorin     Yakubu Dogara     Twitter     Nigeria Foundation For Artificial Intelligence     Abubakar Abdullahi Bata     Pius Abioje     Sadiq Buhari     High Court     Senior Ibrahim Suleiman     NIPR     Sherif Sagaya     Oba Of Jebba     Esinniobiwa Quareeb     Alapansapa     Hausa     Elerin Of Adanla     Usman Rifun     Roseline Oni Aremu     Bankole Omisore     Ijagbo Health Centre     Victor Gbenga Yusuf