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.

Bola Tinubu     Kwara State Fire Service     Khadijat Ayoola Yusuf     Alumni Association Of The Federal Polytechnic Offa     Grillo     Ohoro Of Shao     Dumagi     Sheriff Olanrewaju     Ahmed Dankaya     Justina Oha     SUBEB     AGF Abdulrazaq     Ambassador Kayode Laro     Olatomiwa Williams     Ishaq Oloyede     Olohungbebe     Magaji Nda     Oko-Olowo     Abubakar Lah     Jamila Bio Ibrahim     Law School Scholarship     Oke-Ero     GRA     Ita-Ore     Okin Biscuits     Baboko     Adewuyi Funmilayo     Ayinke Saka     Babatunde Idiagbon     NYSC     Jimba Babatunde     Basit Olatunji     Noah Yusuf     Bamidele Aluko     Ilesha Gwanara Road     Sobi Specialist Hospital     Kudirat Arinola Lawal     Ganmo     Aliyu Muhammad Saifudeen     Emir Of Kano     ER-KANG Mining Nigeria Company Limited     Adedayo Yusuf Abdulkareem     Moses Rahman Popoola     Bukola Saraki     Bamikole Omishore     Kwara NIPR     Ayo Adeyemi     Elese Of Igbaja     Yusuf Lanre Badmas     Dorcas Afeniforo     Alabi Lawal     Tunde Oyawoye     Ibrahim Abikan     Majlis For Sadaqah, Zakat And Waqf     Garment Factory     SGBN     Abdulhakeem Adelaja Amao     Okin Malt     Yakubu Shaaba     Abdulkadir Remi Hawawu     Forgo Battery     Oko     Toyosi Thomas     Ahmed Idris Mohammed     KWASSIP     Quareeb     Marafan Shonga     General Hospital, Offa     2023 Elections     Special Adviser On Digital Innovation     Boko Haram     Kamoru Kadiri     Unilorin FM     IESA     Binta Abubakar-Mora     Yahaya Abdulkareem     Bayo Ajia    

Cloud Tag: What's trending

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

Atiku Abubakar     Abatemi-Usman     Otoge     Unilorin FM     Baba Issa Awoye     Olabanji Orilonishe     Yoonus Lawal     Saliu Ajibola Ajia     Abdulkadri Ahmad Alaiye     Isaac Aderemi Kolawole     Chartered Institute Of Personnel Management Of Nigeria     Fulani     Dasuki Belgore     Ahmed Dankaya     Chikanda     Timothy Olatunde Fadipe     Saliu Shola Taofeek     Tosho Yaqub     Asa     ASMAU PLAZA     Maimunat Oniyangi     Ajasse-Ipo     Ahmad Belgore     Funmilayo Isiaka Oniwa     Yahaya Dumoye     Mujtabah Bature     Kulende     Zubair Folorunsho Erubu     Ejidongari     Yusuf Amuda Aluko     Bank Of Industry     Smart School     SWAN     Savannah Centre For Diplomacy, Democracy And Development     Sebastine Obasi     Yusuf AbdulRasheed     Afonja     Shonga     Seun Bolaji     Computer Based Test     Wahab Femi Agbaje     Eghe Igbinehi     Budo Egba     Adedayo Yusuf Abdulkareem     Umar Yakubu Jaja     Just Event Online     Orisa Bridge     Kwara State Polytechnic     Tsaragi-Share     IFK     PharmAccess Foundation     Overland     Bola Iyabo Ibiyeye Adisa     Henry Makinwa     Omotoso Musa     Garba Ayodele Wahab     Deji Ajani     Sheikh Alimi     Mahfouz Adedimeji     Tricycle Owners Association Of Nigeria     Earlyon Technologies     Gbenga Adebayo     Laolu Saraki     Peter Amogbonjaye     Timothy Akangbe     Osuwa     Kazeem Oladepo     Ohoro Of Shao     Ilorin Emirate Stakeholders Forum     Oke-Odo     Prince Mahe Abdulkadir     Mohammed Ajia Ibrahim     General Tunde Idiagbon International Airport     Gobirawa     Abdulrahman Onikijipa     Amos Bajeh     Musa Ayinla Yeketi