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.

Aliyu U. Tilde     Mope Dasuki Belgore     Modibbo Kawu     Mashood Abdulrafiu Agboola     COVID-19 Palliatives     Crystal Corner Shops     Ajase-Ipo     Isiaka AbdulRazaq     Yusuf Mubarak     Shaaba Lafiagi     Wahab Kunle Shittu     Ahmad Olayiwola Kamaldeen     Umaru Saro     Isiaka Rafiu Mope     Muyideen Ajani Bello     Sarah Jubril     Michael Nzekwe     Yusuf Abdulraheem     LAK Jimoh     Quareeb Islamic Association     Moshood Mustapha     Olawuyi     Bilikisu Gambari     Sai Kayi     Salake     Abubakar Aliagan     Hakeem Idris     Okasanmi Ajayi     Road Transport Employers Association Of Nigeria     Fatimat Saliu     Sardauna Of Ilorin     Abdulrasheed Na\'Allah     Christopher Ayeni     Bayo Lawal     Durosinlohun Atiku     Yahaya Oloriegbe     Saheed Alakoso     Lai Mohammed     CCEPE     Gaa Olobi     Abdulsalam Firdaous Amosa     Mufti Of Ilorin     Lanre Issa-Onilu     Madawaki Of Ilorin     Sayomi     Victor Gbenga Yusuf     07039448763     Bayo Ajia     Yemi Osinbajo     Muslimah Entrepreneurship Forum     Sola Saraki University     3MTT     Aliyu Muhammad Saifudeen     Idowu Laro     Trader Moni     Mary Arinde     Charles Ibitoye     Farouk Salim     Kwara Coalition Of Business And Professional Associations     Ramat Oganija     Azeez Bello     Joseph Daudu     Ibrahim Sulu Gambari     Al-Adaby     Oba Sulaiman Asude     Jimoh Akani     Abdullahi Dasilva Yussuf     Hameed Oladipupo Ali     Kisra     Coalition Of Kwara North Groups     Nigeria Foundation For Artificial Intelligence     Abdulazeez Uthman     Sulu Gambari     Atunwa     Bola Shagaya     Ghali Alaaya     Isaac Aderemi Kolawole    

Cloud Tag: What's trending

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

Kwara Teaching Service Commission     Yahaya Abdulkareem     Maimunat Oloriegbe     Falokun-Oja     Mohammed Abdulahi     Issa Memunat Moyosore     Umar Danladi Shero     School Of Nursing     M.Y. Abdulrahaman     Tosho Yaqub     Abdulrazak Shehu Akorede     Lithium Deposit     Yomi Adeboye     Niguel Gallando Marcias     Ekweremadu     Shoprite     Reuben Paraje     KWASAA     Jawondo     Taofeek Ibraheem     Babata     Shuaib Boni Aliyu     Muideen Olaniyi Alalade     Umar Bayo Abdulwahab     Ariyo     Quareeb     Mufti Of Ilorin     Jaiz Bank     Bankole Omisore     Bibire Ajape     Salihu Jibril Garbi     Gbemisola Saraki     Yahya Mohammed     UITH     Niyi Ogundiran     Funmilayo Oniwa     Wole Oke     Adedeji Onimago     Sulyman Abdulkareem     Abubakar Ndakene     Bisi Kristien     Muhammed Abdullahi     Raliat Elelu-Habeeb     Ajuloopin     Albert Ogunsola     Sabitiyu Grillo     Dorcas Afeniforo     Balikis Jawondo     Shonga Farm Project     Hassan Oyeleke     Alapado     Oni Adebayo     Muhammad-Mustapha Suleiman     Kwarareports.com     Abdulazeez Arowona     Lai Gobir     Idris Amosa Saidu     Stephen Fasakin     Nagode     General Hospital, Ilorin     Government High School Adeta     Lawal Jimoh     Tsado Manman     AbdulQowiy Olododo     Ilorin Anchor Men And Women     Bayer AG     Wale Oladepo     Salmon Babatunde Salmon     Isiaka Saka Opobiyi     Suleiman Idris     Abdulfatai Ahmed     Abdullahi Atanda     Ajakaye     Share/Tsaragi     Erubu     Kwara 2023     Kazeem Adekanye