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OTHER NEWS

Feb
19
2024
Meeting of Cement Manufacturers – Dangote Cement Plc, BUA Cement Plc, Larfarge Africa Plc & Cement Producers Association with the Honourable Minister of Industry, Trade & Investment, Dr. Doris Uzoka-Anite and the Honourable Minister of Works, Sen. Engr. Nweze David Umahi, CON held at the Office of the Honourable Minister of Works, Mabushi, Abuja on Monday, 19th February, 2024

Meeting of Cement Manufacturers – Dangote Cement Plc, BUA Cement Plc, Larfarge Africa Plc & Cement Producers Association with the Honourable Minister of Industry, Trade & Investment, Dr. Doris Uzoka-Anite and the Honourable Minister of Works, Sen. Engr. Nweze David Umahi, CON held at the Office of the Honourable Minister of Works, Mabushi, Abuja on Monday, 19th February, 2024


1. The meeting noted the challenges of the manufacturers like:
    a.    Cost of gas;
    b.    High import duty on spare parts;
    c.    Bad road network;
    d.    High foreign exchange; and
    e.    Smuggling of cement to neighbouring nations.

2.    The government noted the challenges and reacted as follows:
a.    Federal Ministry of Industry, Trade and Investment to seek some remedies from Mr. President on cost of gas and import duties.

b.    Federal Ministry of Works to give more attention to fixing of the roads, especially around the locations of the manufacturers.

c.    On the issue of smuggling cement, the Federal Ministry of Industry, Trade and Investment to deepen the already started engagement with the National Security Adviser on how to stop the smuggling.

3.     The cement manufacturers and the Government noted that the current high price of cement is abnormal in some locations nationwide.  Ideally, cement retail prices should not cost more than ₦7,000.00 to ₦8,000.00/ 50kg bag of cement.  Therefore, the three cement manufacturers: Dangote Cement Plc, BUA Cement Plc and Larfarge Africa Plc have agreed that cement cost will not be more than between ₦7,000.00 and ₦8,000.00/50kg bag depending on the location.

4.    Going forward, Government advised cement manufacturers to set up a price monitoring mechanism to ensure compliance, and manufacturers have willingly accepted to do so and to sanction any of her distributors or retailers found wanting.

5.    Government expects the agreed price to drop after securing government's interventions on the challenges of the manufacturers on gas, import duty, smuggling, and better road network.

6.    The meeting agreed to reconvene in 30 days to review progress made.

PHOTO NEWS

Mar
04
2024

HONOURABLE MINISTER OF WORKS. HIS EXCELLENCY, SEN. ENGR NWEZE DAVID UMAHI CON DURING HIS INSPECTION VISIT TO THE REHABILITATION WORK AT ENUGU- PORT HARCOURT DUAL CARRIAGEWAY SECTION 4( ABA-PH) EXECUTED BY CHINA CIVIL ENGINEERING CONSTRUCTION CORPORATION LTD (CCECC)

Honourable Minister of Works. His Excellency, Sen. Engr Nweze David Umahi CON during his inspection visit to the rehabilitation work at Enugu- Port Harcourt dual carriageway section 4( Aba-PH) executed by China Civil Engineering Construction Corporation Ltd (CCECC)

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PHOTO NEWS

Feb
23
2024

HONOURABLE MINISTER OF WORKS, HIS EXCELLENCY, SEN. ENGR. NWEZE DAVID UMAHI CON FINALIZING DISCUSSIONS WITH INVESTORS FROM NETHERLANDS TO ATTRACT A GRANT OF 25 MILLION EUROS FOR THE CONSTRUCTION OF PRIORITY BRIDGES IN NIGERIA.

Honourable Minister of Works, His Excellency, Sen. Engr. Nweze David Umahi CON finalizing discussions with investors from Netherlands to attract a grant of 25 million Euros for the construction of priority bridges in Nigeria.

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