The Cement Producers Association of Nigeria has cautioned that the ongoing plan of the federal government to introduce concrete roads will raise the price of cement to N9,000 per bag from the current price of N5,000.
The association also urged the Tinubu administration to permanently address the perennial cement price hike problem by facilitating larger participation in the cement industry, noting that Nigerians have no business buying cement for more than N5, 600 per bag.
In a statement jointly signed by the national chairman, Prince David Iweta and secretary Chief Reagan Ufomba, on Sunday, the association commended the works minister’s position on cement-made roads but warned of dire consequences, if the supply end is not addressed properly.
The cement producers urged the government to lay more emphasis on road design that allows both cement technology and asphalt pavement to run concurrently and provide ample time for a smooth transition that allows contractors to invest in commensurate and requisite equipment and retooling.
