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.

Akanji     Suraj Tunji Oyewale     Kolade Solagberu     Sulyman Tejidini     Abdul Jimoh Mohammed     Abdulmajeed Abdullahi     Jumoke Monsura Gafar     Rashidi Yekini     Plat Technologies Limited     Raji AbdulRasaq     Halimah Perogi     Basit Olatunji     Sheriff Shagaya     Kabir Shagaya     Rotimi Oyedepo     Ola Falade     Magaji Are     Ilorin East     College Of Education     Sheikh Hamzat Yusuf Ariyibi     IESA     Saka Abimbola Isau     Ganmo Power Sub-Station     Saka Saadu     Radio Kwara     Kayode Laro     Student Learning Support Helpline     Millennium Development Goals     Shao     V.O. Abioye     Ilorin South     Muhammad-Mustapha Suleiman     Shaaba Lafiagi     Share     Akume     Amina El-Imam     Azeez Salawu     Kolawole Akande     Halimat Yusuf     Kumbi Titiloye     Rotimi Samuel Olujide     Falokun-Oja     Mustapha Olanipekun     Amasa     Old Oyo     Abdulkadri Ahmad Alaiye     Kwara State Printing And Publishing Corporation     Garba Ado Sanni     Al-Ilory     Abdulquawiy Olododo     Peter Amogbonjaye     Yomi Adeboye     Pakata     Shuaib Jawondo     Senior Ibrahim Suleiman     Azeez Bello     Bond     Olokoba Abdullahi Ayinla     Baakini     Saad Omo\'ya     Presidential Election     Segun Ogunsola     Gbenga Awoyale     CLAY POT     Okiki     Oke-Ero     Sobi Hill     Raimi Iyanda     C2c@kwarastate.gov.ng     Gbenga Olawepo     Offa Poly     Shuaib Olarongbe     Sola Saraki University     Saliu Ajia     Amusement Park     Omar Gambari     Osinbajo    

Cloud Tag: What's trending

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

Offa Poly     Ahmed Idris Mohammed     Dankaka     Muhammadu Buhari     Yakubu Mohammed Abdullahi     Alfa Yahaya Road     Umar Adelodun     RTEAN     Ezekiel Yissa Benjamin     MINILS     Yusuf Mubarak     Aishat Sulu-Gambari     Mahmud Ayinla Giwa     Olokoba Abdullahi Ayinla     Yahaya Abdulkareem Babaita     Amule     Rachael Obisesan     Adedipe     Kwara TV     Shoprite     Ajibike Katibi     Fatima Abolore Jimoh     Aisha Gobir     Lai Gobir     Abdulmajeed Wahab     Adewuyi Funmilayo     HICA     SSA Youth     Afin Descendants Union Of Odo-Owa     Ilorin Descendants Progressive Union     T And K FOODS     Imam Gambari     Baba Issa     Habeeb Saidu     Ayeyemi Sulaiman     Ajidagba     Alao Ayotunde     Femi Gbajabiamila     Saliu Ajibola Ajia     REO CAKES     Oyedepo     Jalala     Gbadeyan Gbadura Yomi     Okin Group     Sulyman Age AbdulKareem     Femi Ogunsola     First Lady     Alapansapa     Sarah Jubril     Zaratu Umar     CCEPE     Saliu Ajia     ITP     Funmilayo Zubair     Yusuf Lawal     Yusuf Ali     IYA YUSUF     Yusuf AbdulRasheed     Modibbo Kawu     Afolabi-Oshatimehin     Micheal Imoudu     Jare Olatundun     YAKOOYO     N-Power     Yusuf Abdulkadir     Aliyu Salihu     Magaji Erubu     AbdulGaniyu Kareem     Akeem Lawal     Obuh     Saad Omo Iya     Abdulahi Abubakar Bata     New Naira Notes     Elewu     Moremi High School     Shehu Salau     Adamu B. Yaqubu