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.

Elelu     Tafida Of Kaiama     Naira Redesign     Salaudeen Oyewale     Oke-Odo     Kazeem Adekanye     SSUCOEN     Hassan Saliu     Emir Of Ilorin     Mohammed Katsina Ahmed     Isau     Lanre Olosunde     Yoonus Lawal     John Obuh     Baruten     Chief Imam Of Lafiagi     Ishola Balogun Fulani     Rafiu Olasile     Mubarak Oladosu     Third Estate     Adamu Jemilat-Baki     James Kolo     Iyiola Oyedepo     Kwara Hotel     Modupe Oluwole     Ope Saraki     COEASU     Ezekiel Yissa Benjamin     Ibrahim Abikan     Aishatu Ahmed Gobir     Abubakar Suleiman     Oni Adebayo     Olatunde Michaels     Okiki     Wahab Agbaje     Olatunji Ibrahim     Air Peace     Tsaragi-Share     IYA ALFA NLA     Oba Abdulraheem     Maryam Ado Bayero     Ilorin Metro Park     Shola Odetundun     Oniyangi Kunle Sulaiman     08001000100     Mustapha Olanipekun     Zaratu Umar     Lukman Oyebanji Fagbemi     IHS Towers     Abdullah Janet Amudat     Abdulrazaq Magaji     Ilorin Descendants Progressive Union     Gobir Organization Foundation     Mohammed Danjuma     UNIFEMGA     V.O. Abioye     Ahmed Idris Mohammed     Moronfoye     Ahmed Bolaji Nagode     Abdullahi AbdulMajeed     Yusuf Abdulraheem     Adama Isa     Sulaiman Gado     Rafiu Ibrahim     Alimi Abdulrazaq     Jaigbade Alao     Abdulrosheed Okiki     TIC     Olaiya Lawal     Christopher Tunji Ayeni     Saadatu Modibbo-Kawu     Centre For Community Empowerment And Poverty Eradication     Oluwarotimi Boluwatife Adenike     Ayoade Akinnibosun     Yemi Osinbajo     Tunji Oyawoye     Abdulrahman Abdulrasak    

Cloud Tag: What's trending

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

Abdulrahman Abdullahi Kayode     Dauda Adeniran Adeshola     Bayo Mohammed Onimode     Micheal Imoudu     Mazars Consulting     BIR     Kwara State Television (KWTV)     Naira Redesign     Special Agro-Industrial Hub     Ilorin Emirate Staff Association     Abdullahi AbdulMajeed     Ganmo     Ethical College     Mufutau Gbadamosi Esuwoye     07039448763     Alanamu     Ayegbeni     Wale Oladepo     Ademola Kiyesola     Saad Belgore     Pilgrims Board     Hajj     Dagbalodo     Kemi Adeosun     Clement Yomi Adeboye     Sheikh Alimi     Raymond Olaitan     Ijagbo     FOMWAN     Lafiagi     Ahman Patigi     Theophilus Oyebiyi     Road Transport Employers Association Of Nigeria     Sun Qing Rong     International Aviation College     Suraj Tunji Oyewale     Tunde Kazeem     Oluranti Idowu     SSA Youth     Ilorin.Info     Emir Of Kano     Ndakene     Isiaka Oniwa     Aishatu Ahmed Gobir     Amusa Bello     Post Utme     Suleman Abubakar     Kunle Suleiman     Daud Adeshola     Kwha.gov.ng     Umar Yakubu Jaja     Ishaq Oloyede     Dan Iya     Mahmud Babatunde Baker     Siraj Oyewale     Ilorin Airport     Ajibola Saliu Ajia     AIT Ilorin     Oke-Ogun     Sabi     Ilorin Amusement Park     David Oyepinola Adedumoye     Ilorin Innovation Hub     Radio SBS     Surajudeen Akanbi     Moshood Bakare     Najim Yaasin     George Innih     Mohammed Saidu     Azeez Salawu     Babatunde Ishola Babaita     COVID-19 Palliatives     Shettima Of Ilorin     Nigerian Correctional Service     Igbomina     Kwara State Fire Service     Ahmed Alhasssan