{"id":18008,"date":"2024-02-19T19:02:32","date_gmt":"2024-02-19T19:02:32","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/manufacturers-unveil-plan-to-crash-price-of-cement-in-nigeria\/"},"modified":"2024-02-19T19:02:32","modified_gmt":"2024-02-19T19:02:32","slug":"manufacturers-unveil-plan-to-crash-price-of-cement-in-nigeria","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/manufacturers-unveil-plan-to-crash-price-of-cement-in-nigeria\/","title":{"rendered":"Manufacturers unveil plan to crash price of cement in Nigeria"},"content":{"rendered":"<div>\n<p>Amid the rising price of cement in Nigeria, manufacturers of the product have unveiled plans to crash the price to between N7,000 and N8,000 per 50kg.<\/p>\n<p>Cement manufacturers disclosed this during a meeting called by David Umahi, Minister of Works, which had people from the Ministry of Industry, Trade, and Investment, including the minister, Doris Uzoka-Anite, in attendance in Abuja on Monday.<\/p>\n<p>At the meeting, efforts were made to identify the underlying reasons for the abrupt increase in commodity prices.<\/p>\n<p>Accordingly, manufacturers present also expressed their readiness to bring down prices in future as soon as the federal government intervention is fulfilled.<\/p>\n<p>BUA Industries also disclosed plans to bring six million tonnes of cement into the market to mitigate the surging prices.<\/p>\n<p>The Federal Government has also declared its intention to encourage the introduction of six new manufacturers.<\/p>\n<p>The development comes as the price of cement skyrocketed to above N10,000 per 50kg in the Federal Capital Territory.<\/p>\n<p>Earlier, the chairman of the Cement Producers\u2019 Association of Nigeria, CEPAN, Prince David Iweta, explained that the demand for cement outweighed its supply as the reason for the rising price.<\/p>\n<p>Manufacturers unveil plan to crash price of cement in Nigeria<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid the rising price of cement in Nigeria, manufacturers of the product have unveiled plans to crash the price to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":18009,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,10515,15],"tags":[519,24,180],"class_list":["post-18008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cement","category-news","tag-business","tag-cement","tag-news"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/18008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=18008"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/18008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/18009"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=18008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=18008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=18008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}