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.

Hamid Bobboyi     Taofik Mustapha     CELF     Maigidasanma     Salman Alada     Oniwasi Agbaye     Share/Tsaragi     Hussein Olokooba     Oluwarotimi Boluwatife Adenike     Amos Sayo     Lanre Olosunde     Abubakar Imam     Sadiq Buhari     Moshood Kashimawo Abiola     Yusuf Badmus     Olatunji Moronfoye     Dorcas Afeniforo     Kamaldeen Kehinde     Alloy Chukwuemeka     Saka Adeyemo     Federal College Of Education (Special), Afon     Eruku     Olawuyi     Ibrahim Sulu Gambari     March 18     Yoonus Kola Olatinwo     Talaka Parapo     Durosinlohun Atiku     Bola Magaji     Kehinde Boyede     Council Of The Wise     Elerin Of Adanla     Barakat Community Secondary School     Ogidi-Oloje     Adamu Ibrahim Sabi     Bashir Adigun     Apaokagi     Jaiz Bank     Issa Memunat Moyosore     AbdulRahman Saad     Zulu Gambari     Quareeb Islamic Association     Ghali Alaaya     Adekunle David Dunmade     Timothy Olatunde Fadipe     Yakubu Danladi     NaAllah     Obayomi Azeez     Gamji Members Association     Olayinka Are     Oba Abu     College Of Education     Malete     Victor Gbenga Yusuf     Salake     Ibrahim Kayode Adeyemi     Funmilayo Mohammed     Kawu Baraje     Facemasks     Omoniyi     Leke Ogungbe     Abdulfatai Ahmed     Raliat Islamic Foundation     Chief Imam Of Ilorin     Okala Baba     COVID     Ojo Isekuse     Rasheed Jimoh     Waheed Ibrahim     Wahab Egbewole     Naira Redesign     Olufolake Abdulrazaq     Isiaka Oniwa     Split Diamond Interchange     Centre For Digital Economy     Government House     Kwara Teaching Service Commission    

Cloud Tag: What's trending

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

Sardauna     Onilu     Amule     Ibrahim Taiwo Road     Aliyu Salihu     Kwara Teaching Service Commission     ASUU     Col. Taiwo     IQRA College     Imodoye Writer’s Enclave     Chief Of Staff     Imam Gambari     Bello John Olanrewaju     Wakilin Mata Lafiagi     Ibrahim Taiwo     Waziri Yakubu Gobir     Lafia Aliyu Korasabi     Royal FM     Olokoba     Kolawole Akande     Oloje     Muhammad Ghali Alaaya     Patigi Regatta     Ramat Oganija     Abdulrazaq Adebayo     Mufutau Gbadamosi Esuwoye     Oba David Oyerinola Adedunmoye     Col. Ibrahim Taiwo     Kamaldeen Gambari     George Funsho Adebayo     CACOVID Palliatives     Gabriel Fashanu     Read With Me     Yahya Mohammed     Mustapha AbdulGaniyu     Abdulhakeem Amao     Ilorin Innovation Hub     Kunle Suleiman     Ekiti     Olupako Of Share     TESCOM 2025     Saba Jibril     Taibat Ayinke Ahmed     Oluranti Idowu     Opolo Global Innovation Limited     Hussein Olokooba     Olajumoke Monsura Gafar     Oke-Ogun     Isiaka Gold     Oko     Moshood Kashimawo Abiola     TETFUND     Salman Alada     Adam Abdullahi Al-Ilory     Paul Odama     Mohammed Yisa     Magaji Nda     Sulaiman Gado     Lola Olabayo     Ilorin West     Riskat Opakunle     Sai Kayi     Yusuf Lanre Badmas     Isin     Quranic Recitation Competition     Kola Adesina     Erubu     Adebara     Abdulkareem Alabi     Bolaji Abdullahi     Haruna Olawale Sulaiman     Ibrahim Jawondo     Sidikat Akaje     Matthew Babaoye     Kwara State Pension Board     Rueben Parejo     Shoprite