News
FG Gets Knocks Over Hike In Cement Price
Workers of Eagles Bulkcement firm in Port Harcourt have blamed the Federal Government over the high cost of cement in the country, saying the price of the product may continue to be on the high side unless Federal Government reduces its huge import tariff on the product.
Speaking to journalists during a workers solidarity forum organised by both senior and junior staff of Chemical and Non-Metallic Products Association of Eagles Bulkcement Company in Port Harcourt yesterday, the union leaders advised against the continuous high import tariff.
Comrade Simeon Onyeama, Chairman of Senior Staff Association Chemical and Non-Metallic Products in the company said in the past few years, manufacturers of cement products had been battling with high cement importation tariff currently affecting buyers.
According to Comrade Onyeama, the tariff was raised from five per cent to 35 per cent which he said was inimical to free flow of products since a lot of producers rely on import than local production.
He said, “ formerly, a vessel of 45, 000 metric tonnes which cleared with N82milion now clears with over N300million and that is responsible for the hike in the price of cement.
The labour leader said that the situation had equally affected workers in the industry, since their employers had to contend with the vagaries in the market coupled with the stringent polices of government.
In the same vein, Public Relations Officer of Eagle Bulkcement Company, Chief Collins Wabara attributed the high price of cement to demand and supply shortfalls in the market.
Chief Wabara noted that,” if the demand is higher than the supply, definitely, the price would go higher and that is exactly what is happening now. The aggregate volume of demand for cement in Nigeria is quite high compared to supply”.
On the new cement tariff, he urged the Federal Government to review the high tariff, saying, ‘ we have been appealing to the government to see reasons why the new tariff should be reviewed. If the new tariff is reviewed, I think the price of cement would actually drop”.
A market survey conducted by The Tide indicates that a bag of 50kg of cement goes for between N2,000 and N2,200 depending on the brand.
News
Group Doles out N13m To Market Women In Isiama
News
Fubara’s Return Excites NCSU … As Hope Rises For Civil Servants
News
NDDC Organizes ADR Capacity Building for Staff
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension