Nigerian manufacturers set to meet government directive
The Cement Manufacturers Association of Nigeria Tuesday in Lagos said that the association is working on ways to meet the Federal Government’s directive on reduction of prices of cement.
Mr. James Salako, Executive Secretary of the association, told the News Agency of Nigeria (NAN) that some factors outside the control of manufacturers were responsible for the high prices.
"But part of our plans is to step up production to push more cement into the market and ensure that more cement penetrate the market as soon as possible," Salako said.
He blamed the scarcity and high cost of Low Profile Oil (LPFO), logistics and role of middlemen for the price hike.
According to him, transporters also capitalise on the high price of diesel to increase cost of haulage astronomically.
"Once there is an increase in the price of diesel, transporters would take that opportunity to increase their charges," he said.
Published under Cement News
