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.

Dar-Al-Handasah Consultants     Abdulfatah Ahmed     Ahmed \'Lateef     Shehu Adaramaja     Solomon Edojah     Magaji Erubu     Azeez Bello     Shaykh Luqman Jimoh     Moses Rahman Popoola     Tunji Ajanaku     Abdulrahman Abdulrasak     Agor Market     Rotimi Samuel Olujide     Ahmad Lawan     Peter Obi     Ayinde Oyepitan     First Lady     Kwara State Government     Abdulmumini AbdulRazaq     Oke-Oyi     Kwara TV     CLAY POT     Bello John Olanrewaju     Ajuloopin     General Hospital, Offa     Damilola Yusuf Adelodun     Segun Olawoyin     Aso Ofi     Agbarigidoma     Village Alive Development Association     Abdulkadir Jimoh     Anilelerin     Oyeyemi Olasumbo Florence     April 11     Adekunle David Dunmade     Ishaq Abdulkarim     Bashir Badawi     Hikmah AbdulKareem     Saadu Alanamu     Ganiyu Abolarin     Abikan     Toyin Olayinka Tejidini     Abiodun Abdulkareem     Toun Okewale-Sonaiya     Kayode Laro     IFK     Seni Saraki     Wahab Agbaje     Ibrahim Mohammed     Code Of Conduct Bureau     Ahman Pategi University     Valsolar     Paul Odama     Kaosarah Adeyi     Yakubu Gobir     Sheikh Hamzat Yusuf Ariyibi     Abdulbaqi Jimoh     Mukhtar Shagaya     UNILORIN Alumni Association     Oke-Ogun     Sheikh Ridhwanullah     Junior Secondary School Certificate Examinations     Moro     Freshvine Nigeria Limited     Fatima Abolore Jimoh     Gobir     Arca Santa     Bola Tinubu     Yakubu Dogara     Femi Oladiji     Abdulwahab Oba     Tunde Mukaila Mustapha     Students Union Government     Adesoye College     COEASU     Ahmed Dankaya     EFCC    

Cloud Tag: What's trending

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

Ola Falade     Post-utme     Forgo Battery     Kwara Apc     Ahman Pategi University     Alapansapa     Aliyu U. Tilde     Minister     Abdulmajeed Abdullahi     Sulyman Age AbdulKareem     Bayo Onimago     Rueben Parejo     Mohammed Ghali Alaaya     Dan Iya     Kwabes     Abdulrauf Yusuf     Rotimi Atere     Shuaib Jawondo     Saka Balikis Kehinde     Facebook     Odo-Owa     Okanlawon Musa     Lanre Badmas     Just Event Online     Ahmed Shuaib Buranga     Abdullateef Abdussalam     Abdulganiyu Oladosu     Adebayo Mohammed Kamaldeen     Yusuf Ibitokun Sherifat     Adamu Jemilat-Baki     Labour Party     Joseph Bamigboye     Ileloke     Valsolar-Kwara Company Limited     Sabi     Igbaja     Suleiman Rotimi Iliasu     Chief Imam Of Offa     Lanre Aremu     Sherif Sagaya     Universal Basic Education Commission     Babs Iwarere     Young Progressives Party     Ibrahim Abdulkadir Abikan     KWTV     General Hospital, Ilorin     Yemi Sanni     Jumoke Gafar     Salman Alada     Olatunde Jare     Gbenga Awoyale     Atiku Abubakar     Gaa Olobi     Muazam Nayaya     Mustapha Akanbi     Rex Olawoye     Bashiru Makama     Tafidan Kaiama     Bello John Olanrewaju     Adisa Logun     Wakilin Mata Lafiagi     Kwara Poly     Peculiar Allowance     Baba Adini Of Kwara State     Olomu     Saka Isau     Mumini Ishola Hanafi     Savannah Centre For Diplomacy, Democracy And Development     Bareke     Katibi Ibraheem Adeola     CACOVID     Chikanda     Ahman Patigi     Saka Asiat Ayinke     Lateef Fagbemi     Kale Belgore     Ilorin Likeminds Foundation