Cement Scarcity Hits Kwara As Bag Sells For N6,200
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.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Orisa Bridge Bukola Saraki Kwara Consultative Forum Maryam Nurudeen Femi Oladiji Oke-opin T And K FOODS Tanke Road Ifelodun MATTA Girls Foundation Medview Airlines Elerinjare-Ibobo MAI Akande Ahmed \'Lateef Olohungbebe Teachers Specific Allowance BIR Abegunde Goke Seun Bolaji Innocent Okoye Mumeen Lah Ethical College Jimoh Olusola Imam Tanke Flyover Bridge Lanre Badmus Opobiyi UNIFEMGA Bello Oyedepo Tunde Saad Magaji Nda Wasiu Odewale Chartered Institute Of Personnel Management Of Nigeria Ajia-Bako Adekunle David Dunmade Owo Arugbo Mamman Saba Jibril Yunus Lawal Saad Belgore Kaosarah Adeyi Bisi Kristien Ademola Kiyesola Dele Belgore Ayekale Ilorin Muslim Community Adamu Attah Ileloke Nigerian Medical Association Road Transport Employers Association Of Nigeria Akanji Yahaya Oloriegbe Ilorin Airport Tunji Olawuyi Tayo Awodiji Onilorin Of Ilorin Ahmad Lawan Yahaya Seriki Gambari Majlis For Sadaqah, Zakat And Waqf The Herald Bashir Omolaja Bolarinwa Kola Olota Transition Implementation Committee Olatunji Abdulmumeen Mahmud Ayinla Giwa Ilesha-Baruba Samuel Adaramola Abdulhakeem Amao Muslimah Entrepreneurship Forum Ayoade Akinnibosun Oye Tinuoye Solomon Edojah Quarry Royal Valley Bashir Badawi Olawuyi Kayode Zubair Ilorin South Constituency Crystal Corner Shops Imam Gambari

