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.

Bukola Saraki     Sarah Alade     Ayinde Oki     Baakini     Jebba     Akorede     Suleiman Abubakar     Ademola Kiyesola     Abdullahi Samari     Sambo Murtala     Ebola     Kwara State Fish Farmers Association     Local Government     Apaola     Eleja Taiwo Banu     Saad Belgore     Baruten     Junior Secondary School Certificate Examinations     Local Government Pension Board     Gbemisola Saraki     Abdulrazak Shehu Akorede     Lanre Issa-Onilu     Mutawali Of Ilorin     Abubakar Bature Sulu-Gambari     Wale Oladepo     Kayode Laro     Omotoso Musa     Ekiti     Imodoye Writer’s Enclave     Okasanmi Ajayi     Fareedah Dankaka     Ezekiel Yissa Benjamin     Mohammed Katsina Ahmed     Onikijipa     Centre For Digital Economy     Sa\'ad Alanamu     Ahmad Olayiwola Kamaldeen     Yemi Osinbajo     Elerin Of Adanla     Kawu     Fatai Adeniyi Garba     Khadijat Ayoola Yusuf     Abdulsalam Firdaous Amosa     Ike Ekweremadu     Abdulrauf Yusuf     Tsado Manman     Saidu Isa     Monthly Sanitation Exercise     Baba Isale     Yusuf Arowosaye     Oyelere Oyinloye     Mutawali     Yakubu Shaaba     Ibrahim Agboola Gambari     NULGE     Overland     International Public Sector Accounting Standards     Mohammed Abduraheem     Ibrahim Jawondo     Shehu Raheem Adaramaja     Gambari     Olam Food Ingredients     Akeem Olatunji     Ashiru     Michael Imoudu National Institute For Labour Studies     RTEAN     Ubandawaki     Abubakar Kawu Baraje     James Ayeni     Ayotunde Emmanuel Alao     Hamidu Olowo     Baboko Primary School     AbdulGafar Tosho     Atiku     Yusuf Mubarak     ARMTI     Lateef Alagbonsi    

Cloud Tag: What's trending

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

Muhammad Toyin Sanusi     National Broadcasting Commission     Hussein Olokooba     Okiki     Ramat Oganija     Taofik Mustapha     Ibrahim Abikan     Awwal Jawondo     Sulyman Age AbdulKareem     Omar Bolaji Gambari     Tope Daramola     Oyin-Zubair     Abdulkadir Akanbi-Oke     Saidu Kawu     Maigida     UNILORIN Alumni Association     Toyin Falola     Olam Food Ingredients     Sarah Jubril     Ibrahim Mohammed     Ayeyemi Sulaiman     MINILS     Olushola Saraki     20 Billion Bond     Ohoro Of Shao     Afin Descendants Union Of Odo-Owa     Fatima Abolore Jimoh     Alfa Modibbo Belgore     Abatemi Usman     Alapado     Ganiyu Abolarin     Lawal Arinola Kudirat     Ilorin International Airport     Ebola     Nigeria Computer Society     Lawal Jimoh     Abubakar Abdulraheem     TIC     Peculiar Allowance     Adesoye College     Olugbense     Bukola Saraki     Hameed Oladipupo Ali     Oba David Oyerinola Adedunmoye     Abdulrasheed Na\'Allah     JAMB     Joana Nnazua Kolo     Kuliyan Geri     Tunji Ajanaku     Muhammed Akanbi     Buhari     Ishola Moses Abiodun     Abdulrahman Abdulrazak     Forgo Battery Company Limited     United Nigeria Airline     Olateju Lukman     SUBEB     University Road     Kwara Restoration Project     Abdulrazaq Solihudeen     AbdulRahman Saad     Paul Olawoore     SWAN     Saidu Yaro Musa     Simon Sayomi     Oyelere Oyinloye     Olatunde Oyeyiola     Ajase-Ipo     Ilorin Muslim Community     Borgu     Al-Adaby     Abdulfatai Baakini     Coalition Of Kwara North Groups     Y.A. Abdulkareem     Sanitation Exercise     Abubakar Aliagan     Isaac Aderemi Kolawole