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.

Agor Market     CUTI     Igbaja     Isau     Issa Baba     Ishola Balogun Fulani     Ayekale     March 18     Shuaib Olarongbe     Magaji Nda     Old Oyo     Kale Ayo     Dan Masanin     Joseph Daudu     Shuaib Boni Aliyu     Odogun Olushola Gabriel     Shaykh Luqman Jimoh     Baruten     Segun Adeniyi     Plat Technologies     Patigi Regatta     Mustapha Olanipekun     Babaita     Dagbalodo     AbdulGafar Tosho     Olota Of Odo-Owa     Funmilayo Braithwaite     ER-KANG     Bolaji Aladie     Elesie Of Esie     Ike Ekweremadu     Kwara State Printing And Publishing Corporation     Mary Arinde     Laolu Saraki     Matthew Okedare     Yusuf Mubarak     NURTW     Goodluck Jonathan     Lawan     Aminu Ado Bayero     Freshvine Nigeria Limited     Admiralty Villa     Okedare     Isiaka Saka Opobiyi     Hassan Oyeleke     Mohammed Halidu     Samuel Adaramola     BECE     M.Y. Abdulrahaman     Tunde Kazeem     Joseph Yemi Ajayi     Saka Onimago     Olajumoke Monsura Gafar     Yeketi     State Bureau Of Internal Revenue     AGF Abdulrazaq     Sulyman Age AbdulKareem     Gbugbu     Odo-Owa     Sobi Specialist Hospital     Col. Taiwo     Muhammad Toyin Sanusi     Temi Kolawole     Balogun-Ojomu     Edret Sabi Abel     Ilorin Curfew     Kwara Consultative Forum     Atiku     Shonga     Elekoyangan     Abubakar Atiku     Agboola Babatunde     Smart School     Okin Group     Ibrahim Labaika     Taofik Abdulkareem Babaita     Javed Khan    

Cloud Tag: What's trending

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

Omu Aran     Kunle Okeowo     Jelili Yusuf     Abdullahi Adisa Akodudu     ARMTI     Kayode Ibrahim     Shonga Farm Project     Admiralty Villa     Majlis For Sadaqah, Zakat And Waqf     AbdulRazaq AbduMajeed Alaro     Ridwan Agboola     Muslim Cementary     Chief Imam Of Offa     Sa\'adu Gambari     Olayinka Jelili Yusuf     ASKOMP     Basic Education Certificate Examination     Olabanji Orilonishe     ENetSuD     Oluwatoyin Lukman     Association Of Kwara State Online Media Practitioners     COVID-19 Palliatives     Durosinlohun Atiku     Saba Mamman Daniel     Sobi     Michael Ologundea     NULGE     Dan Iya Of Ilorin     Simon Sayomi     Aremu Odolaye     Ajikobi     Oloyede     Abdullah Janet Amudat     Adanla-Irese     Azeez Bello     Kazeem Adekanye     Yusuf Abdulkadir     Ilesha Gwanara Road     Abdulrahman Abdulrazak     Oba Abu     Idris Amosa Saidu     TIC     Kassim Babamale     General Tunde Idiagbon International Airport Ilorin     Owu Fall     Saliu Shola Taofeek     Kulende-UITH     Simeon Ajibola     Ayodele Shittu     Lola Olabayo     Old Oyo     Ilorin Amusement Park     Gbenga Awoyale     KWSUED     Mohammed Haruna     Bukola Saraki     Justina Oha     Government High School Adeta     Kwara Volleyball Association     International Vocational Centre     Umar Saro     Oyin-Zubair     Wasiu Onidugbe     Pakata Development Association     Ijakadi     GANZY     Sobi Specialist Hospital     Yakubu Gobir     Hameed Oladipupo Ali     Oke-Kura     Sadiq Buhari     Sherif Shagaya     Diagnostic Centre     SSUCOEN     Barakat Community Secondary School     Ayinde Oki     Olugbense