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.
Razaq Atunwa Baaziki Sulaiman Elesie Of Esie Abdulrahman Onikijipa Omotoso Durosinlohun Kawu Joseph Daudu Femi Gbajabiamila Egbewole Makama Of Kaiama Mustapha Akanbi Maimunat Oniyangi ER-KANG Idris Amosa Saidu Orisa Bridge Yusuf Amuda Gobir United Nigeria Airline Kwara State Television Suleiman Yahya Alapansapa Ope Saraki Fulani Lasiele Alabi Yahaya Kamaldeen Ajibade Bayo Ojo Abdulquawiy Olododo Baba Issa Awoye NaAllah Abubakar Baba Amina El-Imam Tsaragi-Share Saadu Alanamu Offa Descendants Union Gbemisola Saraki Maryam A. Garuba S.O. Opowoye Islamic Development Bank Bello Taoheed Abubakar Salman Jawondo Folajimi Aleshinloye IYA YUSUF CACOVID Principal Private Secretary Jamila Bio Ibrahim Arca Santa Abdulganiyu Salahudeen Unilorin Aliyu Kora-Sabi Gobir Fatai Garuba Labaka Abiodun Musa Aibinu Peter Obi Ahmed Alhasssan George Innih Dan Iya Of Ilorin Owo Isowo CT Ayeni Prince Bola Ajibola Charcoal Hijab Nagode Abubakar Abdulraheem Ibrahim Mohammed Kwara State Television (KWTV) Lanre Badmas Agboola Abdulraheem Matthew Okedare Arinola Lawal Mamatu Abdullahi Kwha.gov.ng Yusuf Ali Iyaloja-General Kehinde Boyede TESCOM Abubakar Olusola Saraki Okiki Olokoba Abdullahi Ayinla Yashikira

