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.
Chikanda Yakubu Mohammed Abdullahi Abubakar Abdullahi Bata Oyelere Oyinloye Abdullahi Atanda Adamu Atta Aishat Sulu-Gambari Plat Technologies Yusuf Lawal Gobir Organization Foundation Kwara NIPR Moses Salami Yusuf Olaolu Ali Lanre Badmas Oko-Erin Zulu Gambari Amuda Musbau Ojuekun Abdulrosheed Okiki Timothy Olatunde Fadipe Kwara State Polytechnic MalHub Amos Sayo JAAC Mohammed Yahaya Barki Michael Nzwekwe Gbadeyan Gbadura Yomi MAI Akande Adebara Babajide Ajayi Dan Iya Babatunde Ajeigbe Katibi Ibraheem Adeola Ope Saraki Segun Abifarin Joseph Alex Offorjama Mubarak Oladosu Bola Shagaya Toyin Sanusi Unicontinental Construction Company Roheemat Hammed Gbemisola Oguntimehin Abdullahi Dasilva Yussuf Elerin Of Adanla Irese A.O. Belgore Suleman Abubakar Bureau Of Lands Aminat Omodara Ilorin Anchor Men And Women Agboola Abdulraheem C2c@kwarastate.gov.ng Twitter Olubukola Kifayat Adedeji Ita-Nmo Market Maja College Of Health Kwara State Infrastructure Development Fund Hijab Alikinla Shettima Of Ilorin Ilorin PPS Alabi Olayemi Abdulrazak Yakub Ali-Agan Yahaya Seriki Ahmed Saidu Rufai Jaigbade Alao All Peoples Party March 28 Bilikisu Oniyangi Kwara Central Sheikh Hamzat Yusuf Ariyibi Saliu Alamoyo Olufolake Abdulrazaq Lola Ashiru Oke-Ogun Senate Presidency

