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.

Sa\'adu Gambari     International Aviation College     Unilorin     CCEPE     MATTA Girls Foundation     Jimoh Saadudeen Muhammed     Obayomi Azeez     GRA     Dauda Adeniran Adeshola     Ibrahim Taiwo Road     Marufat Oladosu     Rebecca Bake     Ayotunde Emmanuel Alao     Just Law Forum     Ishola Abdullahi     Ayeyemi Sulaiman     Ibrahim Oloriegbe     Adebara     David Adesina     Idris Garuba     Balogun Ajikobi     Ibraheem Abdullateef     Ilorin Talaka Parapo     Abdulrazaq Akorede     Hausa     Y.A. Abdulkareem     Sheikh Alimi     Aliyu Muhammad Saifudeen     Bolakale Ayo     Transition Implementation Committee     Saka Abimbola Isau     Wahab Agbaje     IYA YUSUF     Aisha Ahman Pategi     Hikmah AbdulKareem     Oko-Olowo     Sheikh Ridhwanullah     Makama Of Ilorin     Saka Aleshinloye     Abdul-Rahoof Bello     Balogin Alanamu     Yusuf Amuda Aluko     Yomi Adeboye     Bluenile Associates     Afetu Of Alabe     Mansurat Amuda-Kannike     Sa\'adu Salau     Razak Atunwa     Rabiu Kwankwaso     Amusa Bello     Madawaki Of Ilorin     Muhammed Akanbi     Wahab Abayawo     Shettima Of Ilorin     Bisi Oyeleke     Prince Mahe Abdulkadir     Moses Adekanye     Ibrahim Abdulqadir Abikan     Mutawali Of Ilorin     Musibau Akanji     YAKOOYO     Ajasse-Ipo     Sayomi     Razaq Atunwa     Veterinary Teaching Hospital     Odolaye Aremu     Fatima Abolore Jimoh     Sherif Sagaya     Mohammed Abdulahi     Olaiya Victor Mobolaji     Ayodele Kuburat Olaosebikan     Public Holiday     General Hospital     Abdullahi Dasilva Yussuf     Oro Grammar School     Bamidele Aluko     Ibrahim Abdulkadir Abikan    

Cloud Tag: What's trending

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

Bello Taoheed Abubakar     Abdulraufu Mustapha     Baba Issa     Abdulrosheed Okiki     Ilorin Emirate     Kwara South     Chikanda     Umar Danladi Shero     Kale Kawu     Public Holiday     Government High School Adeta     Ajikobi     CT Ayeni     Saadu Alanamu     Obasanjo     Mohammed Jimoh Faworaja     Minister     Wahab Issa     Kupchi Hosea Maxwell     Olusin Of Ijara Isin     AbdulRauf Keji     Makama     Tricycle Owners Association Of Nigeria     Muhammad Toyin Sanusi     Toyin Abdullahi     Barakat Community Secondary School     Baboko Primary School     Adegoke Bamidele     Kassim Babamale     Joseph Offorjama     Rafiu Olasile     Adedeji Onimago     Ilorin Water Reticulation     TESCOM 2025     NTA Ilorin     Abubakar Lah     Omu-aran     Kwara State Governor     Kolo     Wale Oladepo     Umar Ayinla Saro     A.O. Belgore     Junior Secondary School Certificate Examinations     Students Union Government     KWIRS     Ibrahim Oloriegbe     Tsaragi/Share     Amuda Musbau     Sarah Alade     Haleeman Salman     Babatunde Idiagbon     Aliyu Alhassan     Imam Gambari     Abdulfatai Baakini     Saadu Yusuf     Kehinde Baale     Abdulkadir Bolakale Sakariyah     Bareke     Alfa Belgore     Yakub Ali-Agan     Yahaya Muhammad     Oke-Kura     TIC     Ajase-Ipo     Babs Iwarere     Olugbense     Aliyu Muyideen     Transition Implementation Committee     Yoonus Kola Olatinwo     Yunus Oniboki     Quareeb     Kwara Central     Suleiman Yahya Alapansapa     Risikat Lawal     Balikis Jawondo     Sarakite     Muslim Cementary