November 10, 2023
1 min read

Nigeria tops global cement prices – producers

Nigeria holds the record for the world’s highest cement prices, says David Iweta, National Chairman of the Cement Producers Association of Nigeria (CEPAN). Despite claims by major cement plant owners, a 7-10 million metric tonne shortfall hampers meeting local demand due to increased construction.

Iweta urges President Bola Tinubu to break the cement production monopoly, advocating for new players with verifiable local investments. He suggests updating unused quarry licenses, encouraging exploration, and financial support to bridge the gap between importation and local production within two to three years. In a letter to Tinubu, Iweta emphasizes the pivotal role of reasonably priced cement in addressing infrastructure, housing, and revenue challenges.

Leave a Reply

Your email address will not be published.

Previous Story

Own a $2 bill? It might be valued in the thousands

Next Story

Salah wins EPL POTM award for October

Latest from Blog

Ogun  IPAC gets new chairman

Comrade Sanyaolu Abayomi of Action Alliance ( AA) has emerged as the newly elected Chairman of  Inter-Party Advisory Council ( IPAC) in Ogun State.  The

OGHA passes N703.02Bn 2024 budget

The Ogun State House of Assembly has on Thursday passed N703,028,013,431.64 as the Year 2024 Appropriation bill. The bills which was earlier presented to

Ogun set to distribute 5000 CofO

The Ogun state government will distribute 5000 Certificates of Occupancy (C of O) to beneficiaries on Friday, December 1 2023. According to a statement
Go toTop

Don't Miss

FG, Glovo join forces to transform e-commerce

At a high-profile stakeholder forum in Lagos, policymakers, technology leaders,

Court grants Sowore bail with strict conditions, 24-hour deadline imposed

Delivering the ruling, Justice Musa Liman stipulated stringent conditions. The