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.

Tinubu     Oyelere Oyinloye     Agbarere     NITDA     Kola Bukoye     Transition Implementation Committee     Offorjama     Oko-Erin     Nurudeen Mohammed     Sheriff Olanrewaju     Afusat Nike Ibrahim     Valsolar Consortium     Osuwa     Mahmud Babatunde Baker     Saadu Gbogbo Iwe     Iyaloja-General     Jumoke Monsura Gafar     Olatunji Bamgbola     Siddiq Adebayo Idowu Salawu     Muftau Akanbi Oke     Khairat Gwadabe     Saba Jibril     Aso Ofi     Yeketi     Umar Adelodun     Ayinde Oki     Offa     Aliyu Adebayo     Elerin Of Adanla Irese     Adekunle David Dunmade     Wasiu Onidugbe     Bisi Kristien     Elerin Of Adanla     Akeem Lawal     Bashir Badawi     Abdulganiyu Oladosu     Shuaib Olarongbe     Balogin Alanamu     Goodluck Jonathan     Sunday Otokiti     Sidikat Alaya     JMK Construction Company Limited     Ijagbo     Lai Mohammed     Kishira     John Olobayo     Opobiyi     Minimum Wage     Yahaya Seriki Gambari     Igosun     Makama Of Kaiama     Hassanat Bello     Dairo Kunle Paul     Hikmah AbdulKareem     Mohammed Kamaludeen     Bashirat Bola Bello     Mohammed Saidu     Pakata Development Association     Soffiyyallah Kamaldeen     Mohammed Khadijat Kubura     Mohammed Yahaya Barki     Ilorin East     Erubu     Rabiu Kwankwaso     Abdulwasiu Bolaji Adeyi     Ahmed     Road Transport Employers Association Of Nigeria     Alliance For Democracy     UNILORIN Alumni     Busari Toyin Isiaka     Park     Colleges Of Education Academic Staff Union     Association Of Kwara State Online Media Practitioners     Lola Olabayo     Katibi Ibraheem Adeola     Tunji Oyawoye     Hassan A. Saliu    

Cloud Tag: What's trending

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

Akorede     Abdulsalam A. Yusuf     Timothy Akangbe     Amina Susa\'a De Ahmed     Baba Adini Of Kwara State     Yusuf AbdulRasheed     First Lady     Vasolar Consultoria     Senior Special Assistant On Student Affairs     LEAH Charity Foundation     Oyelere Oyinloye     Muhammad Ghali Alaaya     Onikijipa     Shehu Salau     Muslim Media Watch Group Of Nigeria     Iyabo Adisa Ibiyeye     Saudat Abdulbaqi     Imodoye Writer’s Enclave     Mohammed Ghali Alaaya     Senate President     Tope Daramola     Shoprite     Saka Onimago     Ayinde Oki     Emmanuel Bello     Abubakar Baba Sulaiman     Siddiq Adebayo Idowu Salawu     LABTOP     KWATMA     Sabi     Bank Of Industry     AbdulRazaq AbduMajeed Alaro     Katibi Ibraheem Adeola     Afolabi-Oshatimehin Adenike Harriet     NFAI     Revenue Court     Lafiagi     Olayinka Oladapo Jogunola     07039448763     Olateju Lukman     Yekini Adio     Okasanmi Ajayi     Kolawole Bashirat     Oro Grammar School Old Students Association     Amusa Bello     Islamiya Abdulraheem     Ibrahim Labaika     Odogun Olushola Gabriel     Halimat Yusuf     Moses Rahman Popoola     Salman Alada     Ridwan Agboola     Mufutau Gbadamosi Esuwoye     Jaiz Bank     Kulende     Ajakaye     Aremu Odolaye     Afeyin-Olukuta     Democracy Day     Mahee Abdulkadir     Plat Technologies     Olaiya Lawal     Prince Mahe Abdulkadir     NNPP     Amule     Abiodun Musa Aibinu     JUSUN     Ethical College     Muhammad Yahya     Abdulsalam Firdaous Amosa     Mohammed Abdulahi     Shero     Rotimi Oyedepo     Jalala     Gamji Members Association     Sidikat Alaya     Ubandoma