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.

Osinbajo     Ajibola Ademola Julius     Gbajabiamila     Kannike     Awodun     Afolasade Opeyemi Kemi     Jamila Bio Ibrahim     Okala Baba     Halidu Danbaba     Bahago     Ojuekun Sarumi     Atiku     Lateef Fagbemi     Maigidasanma     March 28     Ibrahim Gambari     SGBN     Elerin Of Adanla     Wahab Isa     Shero     Riskat Opakunle     Mukhtar Shagaya     Sheu Ndanusa Usman     Ahman Patigi     Idris Garba     Kuliyan Geri     Oba Mogaji Abdulkadir     Abubakar Lah     Eleja Taiwo Banu     Abdulmumini Sanni Jawondo     Hauwa Nuru     Congress For National Consensus     Christopher Tunji Ayeni     Special Adviser On Digital Innovation     HAMFAT Clinic And Maternity     KFA     Tayo Awodiji     Taofeek Sanusi     Madawaki Of Ilorin     Aliyu Kora Sabi     Pius Abioje     07039448763     Abdulrahman Abdulrasaq     Chief Imam Of Ilorin     Sabo-Oke     Afolabi-Oshatimehin Adenike Harriet     Kwara University Of Education     Ike Ekweremadu     Ahmad Olanrewaju Belgore     All Peoples Party     Bolaji Aladie     Elese Of Igbaja     Bayer AG     Saliu Ajia     Olupako Of Share     Abdulmalik Bashir Mopelola Risikatullahi     Abdulmajeed Abdullahi     Simeon Ajibola     Abdulganiyu AbdulAzeez     Face Masks     Simon Sayomi     Ahmad Ali     Kishira     Hijab     Azeez Bello     Yaman     Kale Ayo     Onilu     Ndakene     Kassim Babamale     Adekunle David Dunmade     AbdulRauf Keji     Wahab Abayawo     Ethical College     Olatunji Moronfoye     KWSIEC     Shonga Farm Project    

Cloud Tag: What's trending

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

Balogin Alanamu     Transition Implementation Committee     Madawaki     Kwara State Television (KWTV)     Tunji Moronfoye     PAACO-PCL Consortium     Prince Bola Ajibola     Okin High School     Yahaya A Paniyaro     Shuaib Abdulkadir     Gbemi Saraki     Khairat Gwadabe     Edret Sabi Abel     Mahmud Durosinlohun Atiku     Balogun-Ojomu     Ilorin South Constituency     Hikmah AbdulKareem     Yusuf Olaolu Ali     Logun     Hamidu Olowo     ER-KANG Mining     Ekweremadu     Okin Group     Dan Masanin     Jalala     Saliu Ajia     Muazam Nayaya     Matthew Babaoye     Geri-Alimi Split Diamond Interchange     Haruna Olawale Sulaiman     ITEM 7     Abdulmajeed Wahab     Musa Aibinu     Issa Baba     Okoolowo     Elesie Of Esie     Afin Descendants Union Of Odo-Owa     Lawyers Unite Against Corruption     Jide Ashonibare     Tsaragi     C2c@kwarastate.gov.ng     Oba-Solagberu     Olawuyi     Funke Adedoyin     Bayer Nigeria Limited     Bello John Olanrewaju     National Information Technology Development Agency     Olayinka Are     Michael Nzekwe     Olusola Saraki     Emir Of Lafiagi     Abdulrahman Iliasu     Abdulquowiyu Olododo     Presidential Election     Oluwatoyin Lukman     Mopelola Abdulmaliq-Bashir     Kwara State Governor     Yusuf Abdulraheem     Oluwarotimi Boluwatife Adenike     Abdulrahman Abdulrasaq     Mukhtar Shagaya     Kumbi Titilope     Mohammed Jimoh Faworaja     Wahab Egbewole     Shettima     Share     Iyeru Grammar School     Yusuf Amuda Abubakar     Sherif Shagaya     Nigeria Foundation For Artificial Intelligence     08001000100     Taofeek Ibraheem     Kunbi Titiloye     KWATMA     Royal FM     Yusuf Lawal     Haliru Yahaya