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.

Ayodele Kuburat Olaosebikan     Ayodele Olaosebikan     Mubarak Oladosu     Sunset Workers     Maimunat Oloriegbe     Afeyin-Olukuta     Salihu Alhaji Musa     General Tunde Idiagbon International Airport     Muyiwa Oladipo Kanu     Henry Makinwa     All Peoples Party     Dumagi     Usman Yunusa     Omu Aran     Adekunle David Dunmade     Mujtabah Bature     Adebayo Salami     Junior Secondary School Certificate Examinations     Basit Olatunji     Oba-Solagberu     Zaratu Umar     Sola Saraki University     Riskat Opakunle     Toyin Saraki     LABTOP     Aiyedun     Suleman Abubakar     Olatunji Ibrahim     Ibraheem Abdullateef     Risikat Lawal     Bankole Omishore     Muslim Media Watch Group Of Nigeria     Ahmad Olanrewaju Belgore     Niyi Osundare     John Dara     Oyedun Juliana Funke     Busari Toyin Isiaka     Buhari     Transition Implementation Committee     Halimat Yusuf     Afonja Descendants Union     Sobi FM     Col. Adedipe     Funmi Salau     Ibikunle Ogunleye     Kwara State Printing And Publishing Corporation     Christopher Ayeni     UNILORIN Alumni Association     Saka Asiat Ayinke     Village Alive Development Association     Split Diamond Interchange     Gambari     Quran     Bola Olukoju     Okanlawon Musa     Jumoke Gafar     Gbemisola Oguntimehin     Tosin Saraki     Iyaloja-General     Lithium Deposit     Theophilus Oyebiyi     Mashood Dauda     Aliyu Muyideen     Saliu Shola Taofeek     Lawal Jimoh     Ilesha-Baruba     Ile Arugbo     Garba Ado Sanni     International Aviation College     SSA Youth     UNILORIN Alumni     Mogaji Aare     Y.A. Abdulkareem     Lanre Jimoh     AbdulRauf Keji     Senate     Abdullahi Samari    

Cloud Tag: What's trending

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

Ethical College     Abdulsalam Firdaous Amosa     Simeon Ajibola     Baba Adini Of Kwara State     Yusuf Amuda Gobir     Al-Hikmah University     Kwabes     Kayode Alabi     Abiodun Oyedepo     Atunwa     Popo-Igbonna     Dele Momodu     Funmilayo Zubair     Iqra Books     Matthew Babaoye     A.E. Afolabi     Law School Scholarship     TVC Female National Debate     Aliyu Olatunji Ajanaku     Michael Imoudu National Institute For Labour Studies     Abdulbaqi Jimoh     Labaeka     Muhammed Taofeeq Abdulrazaq     Bola Shagaya     AGF Abdulrazaq     Olateju Lukman     Abioye Bello     Mohammed Yisa     Lanwa     Bayer AG     John Mayokun Dada     Aliyu Sabi     Gobir Organization Foundation     Tinubu Legacy Forum     Aliyu U. Tilde     Ilorin Airport     Haruna Tambiri Mohammed     Trade Lenda SME Fair     Age AbdulKareem     Kola Shittu     Joana Nnazua Kolo     Adaramaja     Damilola Yusuf Adelodun     Sabo-Oke     Saliu Ajibola Ajia     Centre For Community Empowerment And Poverty Eradication     Offa     Akume     Nigerian Army     Buari Edun     Saheed Alakoso     Ilesha-Baruba     Federal Polytechnic Offa     Apado     Alabere     Aishatu Ahmed Gobir     Aliyu Umar     Afolabi-Oshatimehin     Flights To Ilorin     Aliyu Salihu     Fatimoh Lawal     Maryam Ado Bayero     Ayo Salami     Ijagbo     Razaq Ayobami Akanbi     Muritala Olarewaju     Matthew Okedare     Unicontinental Construction Company     Adamu B. Yaqubu     Ohoro Of Shao     Kolade Solagberu     Ibraheem Abdullateef     Aliyu Adebayo     Taibat Ayinke Ahmed     Apata Ajele Secondary School     Kunle Okeowo     Olaiya Victor Mobolaji