Cement Scarcity Hits Kwara As Bag Sells For N6,200
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.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Saliu Tunde Bello Yahaya Seriki Gambari IEDPU NIPOGA Olatunde Jare Rachael Obisesan Ashiru Abdulazeez Arowona Olabimpe Olani Kabir Shagaya Public Holiday Saka Onimago Shoprite Labaeka Doyin Group Senior Special Assistant On Student Affairs Abdul-Rahoof Bello Esuwoye Bayo Mohammed Onimode Mufutau Olatinwo Salihu Ajibola Ajia Bello Abubakar Muideen Olaniyi Alalade Kamaldeen Ajibade Toyin Abdullahi Elerin Of Erin-Ile Imodoye Writer’s Enclave Christian Association Of Nigeria Mumeen Lah Dele Belgore Abdulganiyu Salahudeen Erubu Patience Jonathan Abdulraheem Olesin Olomu Of Omu-Aran College Of Education Law School Scholarship Kupchi Hosea Maxwell Sayomi The Herald Eruku Aisha Gobir PPS Kulende Femi Gbajabiamila Lai Gobir Shonga Dagbalodo Osuwa Funke Adedoyin Hussein Oloyede Amos Sayo Lithium Sheu Ndanusa Usman Ibrahim Labaika Kwara State Pension Board Junior Secondary School Certificate Examinations Emmanuel Bello Lasiele Alabi Yahaya Musbau A. Akanji Rafiu Ajakaye Oke-Ode Countryside Emerging Leaders Fellowship Government House BECE Abdulquowiyu Olododo Is\'haq Modibbo Kawu Okanlawon Musa Abubakar Ndakene Adesoye Isiaka Oniwa Waheed Ibrahim Bashir Badawi Lawyers Unite Against Corruption Olugbense Amuda Musbau Olokoba

