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.

Cornelius Adebayo     Muslimah Entrepreneurship Forum     Yemi Sanni     Freshvine Nigeria Limited     Ahmad Lawan     Abdulmutalib Shittu     Abraham Ojo     BIR     Susan Modupe Oluwole     Akande Idowu Ayoola Muhammed     Innocent Okoye     AbdulRauf Keji     Hydro-electric Power Producing Areas Development Commission     Muftau Akanbi Oke     Ibrahim Orire     Bola Olukoju     KWSUED     Solomon Edojah     Muhammad Toyin Sanusi     Funmilayo Zubair     Sa\'adatu Modibbo-Kawu     Hussein Olokooba     Gaa Olobi     Moshood Mustapha     Ilorin Amusement Park     Moremi High School     Akorede     Garuba Alikinla Shittu     Adebara     Omu Aran     Age AbdulKareem     SDP     ITP     Ademola Kiyesola     Shehu Adaramaja     Erubu Oba Zubair     Elerin Of Adanla Irese     Ebola     Maigida Soludero Transit     Yahaya Oloriegbe     Oni Adebayo     Ilorin Emirate Staff Association     Segun Adeniyi     Akeem Olatunji     GRA     Ejidongari     Yusuf Abdulkadir     Ilorin Likeminds Foundation     Folorunsho Alao     Oke-Ero     TESCOM     Kisira     Zara Umar     Abdullahi Samari     Umar Gunu     Yusuf A. Usman     Atiku     Isapa     GANZY     Samuel Adaramola     Isaac Gbenle     Igbaja     Saliu Ajia     Aasiyat Bello Oyedepo     Crystal Corner Shops     Musbau A. Akanji     School Of Nursing     Bola Iyabo Ibiyeye Adisa     Government High School Adeta     Bolakale Ayo     Isiaka Rafiu Mope     Adesoye     Kwara Polytechnic     Umar Saro     Kwara State Football Association     State Bureau Of Internal Revenue     IYA ALFA NLA    

Cloud Tag: What's trending

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

Joana Nnazua Kolo     Ubandoma     Yeketi     Balikis Jawondo     Aliyu Kora-Sabi     Abdulfatai Salman Baakini     Isiaka Alikinla     Bolaji Aladie     Mohammed Kamaludeen     Ilorin Airport     Kayode Issa     Abdulrazaq Magaji     School Of Nursing     TIC     Wahab Olasupo Egbewole     Umar Bayo Abdulwahab     Kanu Agabi     Kwara Apc     Halimah Perogi     Moronfoye     Funmilayo Braithwaite     Bilikisu Gambari     Bayo Onimago     Yemi Osinbajo     Col. Ibrahim Taiwo     Aliyu Salihu     Mumini Ishola Hanafi     Bilikis Oladimeji     Jumoke Monsura Gafar     SSA Youth Engagement     CCEPE     Sheikh Alimi     Chief Imam Of Offa     Sheikh Ridhwanullah     Unicontinental Construction Company     Isiaka Gold     Oke-Ero     Valsolar Consortium     Olugbense     Isiaka Saka Opobiyi     Freshvine Nigeria Limited     Government Girls’ Day Secondary School Pakata     Abdulkadri Ahmad Alaiye     Muyiwa Oladipo Kanu     Saheed Alakoso     Mohammed Lawal Bagega     Aso-ofi     Ayoade Akinnibosun     Yusuf Ibitokun Sherifat     Baaziki Sulaiman     Agbarigidoma     NIPOGA     Amina El-Imam     Rasheed Jimoh     Jelili Yusuf     Abdullahi Adisa Akodudu     Ibraheem Abdullateef     Jide Oyinloye     Seni Saraki     Yoonus Lawal     Sunday Popo-Ola     Olomu Of Omu-Aran     Muhammed Aliyu     Muhammad Mustapha Suleiman     Baruten     Amuda Bembe     Offa Poly     Onikijipa     Admiralty Villa     Clement Yomi Adeboye     TIIDELab     Aminat Omodara     Markaz Arabic And Islamic Training Institute, Agege     Universal Basic Education Commission     Orire     Memunat Monsuma     Sabitiyu Grillo