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.

Elerin Of Adanla     Agbarigidoma     Owo Arugbo     Tuesday Assayomo     Oluronke Adeyemi     Buari Edun     Mahmud Durosinlohun Atiku     Babatunde Idiagbon     Abdulquowiyu Olododo     Ridwan Agboola     Hassan A. Saliu     Salihu Ajibola Ajia     Abubakar Abdulraheem     Mahe Abdulkadir     Share/Tsaragi     Tricycle Owners Association Of Nigeria     Share-Tsaragi     Oke-Ero     Nigeria Governors\' Forum     Mumeen Lah     Babaloja-General     Ayo Salami     Muhammad-Mustapha Suleiman     Forgo Battery     Rebecca Bake     UNIFEMGA     Isiaka AbdulRazaq     Saka Adeyemo     Maimunat Oloriegbe     Ebun-Olu Adegboruwa     A.G.F Abdulrasaq     Playing Host     Emir Of Shonga     Abatemi Usman     Kwara 2019     Apaokagi     Mutawalle     Ayeyemi Sulaiman     Owode Market     Oko     Bashiru Makama     Taofik Abiodun Ahmed     Tsaragi/Share     Umar Saro     Alagbado     Muritala Olarewaju     Kwha.gov.ng     Volunteers Of Ilorin Community And The Emirate     Kisira     Esuwoye     Monthly Sanitation Exercise     Yusuf Aiyedun     Baba Idris     Azeez Salawu     All Confederation Of Principals Of Secondary Schools     Abdulwahab Oba     Falokun-Oja     Kumbi Titiloye     Road Transport Employers Association Of Nigeria     Durbar     Hausa     Issa Manzuma     Erin-ile     Al-Ilory     Cornelius Adebayo     Bashir Omolaja Bolarinwa     Nurudeen Muhammed     Special Agro-industrial Processing Zone     MMWG     Air Peace     Salihu Alhaji Musa     Sulu Babaita Isiaka     Haliru Dantoro     Moshood Bakare     Alaaya     Aro Yahaya     Halidu Danbaba    

Cloud Tag: What's trending

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

Iyabo Adisa Ibiyeye     Isiaka AbdulRazaq     Ezekiel Yissa Benjamin     Al-Hikmah University     Code Of Conduct Tribunal     Dankaka     Sheikh Ariyibi     Umar Bayo Abdulwahab     Doyin Awoyale     Hydroelectric Power Producing Areas Development Commission     Agbarigidoma     Modupe Oluwole     Opobiyi     Akorede     CCEPE     Islamiya Abdulraheem     Abdulkadir Remi Hawawu     Chief Imam Of Ilorin     Hakeem Idris     Offa Metropolitan Club     Muhammad Toyin Sanusi     Jimoh Lambe Abdulkareem     Habeeb Abdullahi Al-Ilory     Ola Falade     Rotimi Oyedepo     Waheed Ibrahim     Oyedepo     Samuel Olusegun Adedayo     Sun Qing Rong     Garba Dogo     Roseline Oni Aremu     Alfa Belgore     Tosin Saraki     Nigeria Foundation For Artificial Intelligence     Abdullahi G. Mohammad     Abraysports FC     Usman Rifun     International Aviation College     REO CAKES     Akume     Yemi Sanni     Aishat Sulu-Gambari     Musa Yeketi     AGM Professional Services     Toyin Olayinka Tejidini     Bola Tinubu     Abdullahi Dasilva Yussuf     General Hospital     Olanrewju Okanlawon Musa     Kola Adesina     Razaq Atunwa     Segun Adeniyi     Hamidat Sulyman-Yusuf     Tuesday Assayomo     Aisha Gobir     Damilola Yusuf Adelodun     Ekiti     Shade Omoniyi     SDP     Federal Polytechnic Offa     Buhari     2023 Elections     Jaigbade Alao     Surajudeen Akanbi     Ibrahim Abdullahi     Binta Abubakar-Mora     Abdulganiyu Oladosu     Bolaji Nagode     Sai Kayi     JAMB     Kaosarah Adeyi     CCT     IFK     Oke-opin     Azeez Bello     Ali Ahmad     Council Of The Wise