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Stakeholders Blame Cement Price Hike On Production Cut, Monopoly
Stakeholders in the building industry have attributed the high cost of cement in Nigeria to forces of demand and supply caused by monopoly and low production levels of major producers of the commodity.
A survey conducted by newsmen in states in the South -West of Nigeria -Ogun, Oyo, Osun, Ondo, Ekiti and Kwara, showed that the cost of a bag of cement ranges from N3500 to N4000 depending on the brand and the area.
The high cost of cement, it was also discovered, had impacted on the construction industry with some people with building projects either temporarily suspending work for now or reducing the level of work.
Speaking on the issue, Mrs Funmilola Adeboje, a cement distributor in Ibadan, said cement companies have reduced the number of distributors to only a few who get the commodity directly from the source.
She said that the few distributors selected, now called major distributors, have monopolized the market and thus the hike in price of the commodity.
“Only a few distributors have access to cement directly from the producers and because of shortage in supply the force of demand has also made the price to increase.
“In time past, I booked directly from the company, but I was told I can no longer book to get the cement, that I should come and buy it when cement is available.
“We don’t know how much the companies release the products to the major distributors but we buy at varying prices; N3,500 to N3,600.
“We only gain N100 on each bag and sometimes you can get as low as N20 on each bag and this was not how it used to be before now,” she said.
A sales representative of one of the major cement companies, who pleaded anonymity, said the issues affecting sales of cement in Nigeria are many.
He explained that production plants of two major cement producers had not been working at full capacity since the middle of 2020, “and the companies have just been patching things up.
“The plants when repaired can work at full capacity for a while and then it will break down again.
“Due to shortage of supplies, the market force took over in dictating the price because of high demand over supply and some other factors such as limited access given to distributors.
“The selected few also have to tip some people to get the commodity because of shortage in production and that increases the overall cost of selling cement in Nigeria.
“Lafarge has its own issues and also Dangote with producing optimally. So, the major distributors are maximizing the situation to their advantage.
“The cement companies would care less about the price as long as their commodities are being sold. Government might need to regulate the issue to rid it of corruption,” he said.
The source said one bag of cement is sold at from Bodija market for between N3,700 to N3800, but from the distributor it goes for N3,400 to N3,500.
According to him, the companies most times are discreet or not forthright with the actual price of the commodity, but a bag was sold for between N2,500 and N2800 in time past.
“A distributor that gets maybe 20 truck loads of cement in time past, but due to the situation on ground now gets two to five trucks and so they want to make the profit of 20 trucks from a few trucks,” he said.
A building contractor, Mr Rotimi Omoniyi, said the increase may be due to foreign exchange or production inputs, which has affected the selling price.
“I don’t think there is anything we do in Nigeria that has no connection with foreign exchange and that increases the cost of production.
“The masses are at the receiving end of high cost of production of goods in Nigeria, “ he said.
Cement sellers in Osun have attributed the hike in the prices of the product to scarcity and activities of middle men.
They said due to the unavailability of the product since 2020, the prices had been fluctuating.
In Osun, a cement distributor in Osogbo, Mr Ibrahim Awolola, said the increase in the price of cement in the market was due to its unavailability because of a sharp drop in production.
Awolola explained further that manufacturers of cement were also complaining of unavailability of raw materials for production, which in turn affected its availability
He said that the situation was simply in line with the law of supply and demand, “the more scarce and unavailable a commodity is, the more expensive it will become.’’
Awolola also said that cost of logistics and transportation the hike in the price of cement in the market.
The cement distributor said a bag of Dangote cement is sold between N3,600 and N3,700, depending on the location
He, however, assured that whenever there is improvemen in the production of cement and supply exceeded demand, the price would definitely come down.
Speaking in the same vein, another cement retailer in Osogbo, Mr Adewale Adeyemo, said that the scarcity of cement was the major factor that forced the price up.
Adeyemo said that information also made available to him revealed that haulage companies which provide trucks for the supply of cement have withdrawn their services, while the few ones working are the ones dictating the price of transportation.
News
Shettima In Ethiopia For State Visit

Vice President Kashim Shettima has arrived in Addis Ababa, Ethiopia, for an official State visit at the invitation of the Prime Minister, Dr. Abiy Ahmed.
Upon arrival yesterday, Shettima was received at the airport by the Minister of Foreign Affairs of Ethiopia, Dr. Gedion Timothewos, and other members of the Ethiopian and Nigerian diplomatic corps.
Senior Special Assistant to the Vice President on Media and Communication, Stanley Nkwocha, revealed this in a statement he signed yesterday, titled: “VP Shettima arrives in Ethiopia for official state visit.”
During the visit, Vice President Shettima will participate in the official launch of Ethiopia’s Green Legacy Programme, a flagship environmental initiative.
The programme designed to combat deforestation, enhance biodiversity, and mitigate the adverse effects of climate change targets the planting of 20 billion tree seedlings over a four-year period.
In line with strengthening bilateral ties in agriculture and industrial development, the Vice President will also embark on a strategic tour of key industrial zones and integrated agricultural facilities across selected regions of Ethiopia.
News
RSG Tasks Farmers On N4bn Agric Loan ….As RAAMP Takes Sensitization Campaign To Four LGs In Rivers

The Rivers State Government has called on the people of the state especially farmers to access the ?4billion agricultural loans made available by the State and domiciled in the Bank of Industry.
This is as the State Project Implementation Unit (SPIU) of Rural Access and Agricultural Marketing Project (RAAMP), a World Bank project, took its sensitization campaign to Opobo/Nkoro, Andoni, Port Harcourt City and Obio/Akpor local government areas.
The campaign was aimed at enlightening community dwellers and other stakeholders in the various local government areas on the RAAMP project implementation and programme activities.
The Permanent Secretary, Rivers State Ministry of Agriculture, Mr Maurice Ogolo, said this at Opobo town, Ngo, Port Harcourt City and Rumuodumanya, headquarters of the four local government areas respectively, during the sensitization campaign.
Ogolo said apart from the ?4billion, the government has also made available fertilizers and other farm inputs to farmers in the various local government areas.
The Permanent Secretary who is the Chairman, State Steering Committee for the project, said RAAMP will construct roads that will connect farms to markets to enable farmers and fishermen sell their farms produce and fishes.
He also said rural roads would be constructed to farms and fishing settlements, and warned against any act that will lead to the cancellation of the projects in the four local government areas.
According to him, the World Bank and Federal Government which are the financiers of the programme will not condone such acts like kidnapping, marching ground and other acts inimical to the successful implementation of the projects in their respective areas.
At PHALGA, Ogolo asserted that the city will benefit in the areas of roads and bridge construction.
He noted that RAAMP was thriving in both the Federal Capital Territory, Abuja; Lagos and other states in the country, stressing that the project should also be given the seriousness it deserves in Rivers State.
Speaking at Opobo town, the headquarters of Opobo/Nkoro Local Government Area, the project coordinator, RAAMP, Mr.Joshua Kpakol, said the programme would reduce poverty in the state.
According to him, both fishermen and farmers will maximally benefit from the programme.
At Ngo which is the headquarters of Andoni Local Government Area, Kpakol said roads will be constructed to all remote fishing settlements.
He said Rivers State is lucky to be among the states implementing the project, and stressed the need for the people to embrace it.
Meanwhile, Kpakol said at PHALGA that RAAMP is a project that will transform the lives of farmers, traders and other stakeholders in the area.
He urged the stakeholders to spread the information to their various communities.
However, some of the stakeholders at Opobo town complained about the destruction of their farms by bulls allegedly owed by traditional rulers in the area, as well as incessant stealing of their canoes at waterfronts.
At Ngo, Archbishop Elkanah Hanson, founder of El-Shaddai Church, commended the World Bank and the Federal Government for bringing the projects to Andoni.
He stressed the need for the construction of roads to fishing settlements in the area.
Also, a former Commissioner for Agriculture in the state and Okan Ama of Ekede, HRH King Gad Harry, noted that storage facilities have become necessary for a successful agricultural programme.
Harry also stressed the need for the programme to be made sustainable.
In their separate speeches, the administrators of Andoni and Opobo/Nkoro Local Government Areas, pledged their readiness to support the programme.
At Port Harcourt City, the Administrator, Dr Arthur Kalagbor, represented by the Head of Local Government Administration, Port Harcourt City, Mr Clifford Paul, said the city would support the implementation of the programme in the area.
Also, the administrator of Obio/Akpor Local Government Area, Dr Clifford Ndu Walter, represented by Mr Michael Elenwo, pledged to support the programme in his local government area.
Among dignitaries at the Obio/Akpor stakeholders engagement is the chairman, Rivers State Traditional Rulers Council and paramount ruler of Apara Kingdom, HRM Eze Chike Wodo, amongst others.
John Bibor
News
Tinubu Orders Civil Service Personnel Audit, Skill Gap Analysis

President Bola Tinubu has ordered the commencement of personnel audit and skill gap analysis across all cadres of federal civil servants.
The president gave this directive in Abuja, yesterday, while speaking at the International Civil Service Conference, reaffirming his resolve to achieve efficiency and professional service delivery in the civil service.
“I have authorized the comprehensive personnel audit and skill gap analysis across the federal civil service to deepen capacity. I urge all responsible stakeholders to prioritize timely completion of this critical exercise, to begin implementing targeted reforms, to realize the full benefit of a more agile, competent and responsive civil service,” the president announced.
Tinubu further directed all Ministries, Departments and Agencies (MDAs), to prioritise data integrity and sovereignty in national interest.
He called for the capture, protection and strategic publication of public sector data in line with the Nigeria Data Protection Act of 2023.
“We must let our data speak for us. We must publish verified data assets within Nigeria and share them internationally recognized as fruitful. This will allow global benchmarking organisation to track our progress in real time and help us strengthen our position on the world stage. This will preserve privacy and uphold data sovereignty,” Tinubu added.
President Tinubu hailed the federal civil service as the “engine” driving his Renewed Hope Agenda, and the vehicle for delivering sustainable national development.
He submitted that the roles of civil servants remain indispensable in modern governance, declaring that in the face of a fast-evolving digital and economic landscape, the civil service must remain agile, future-ready, and results-driven.
“This maiden conference is a bold step toward redefining governance in an era of rapid transformation. An innovative Civil Service ensures we meet today’s needs and overcome tomorrow’s challenges.
“It captures our collective ambition to reimagine and reposition the civil service. In today’s rapid, evolving world of technology, innovation remains critical in ensuring that the civil service is dynamic, digital” the President said.
Head of the Civil Service of the Federation, Didi Walson-Jack in her welcome address told the President that his presence and strong words of commendation at the conference has renewed the morale and mandate of public servants across the country.
Walson-Jack described Tinubu as the backbone of driving transformation in the Nigerian civil service, and noted that the takeaways from past study tours undertaken to understudy the civil service in Singapore, the UK and US under her leadership, is already yielding multiplier effects.
Walson-Jack assured Tinubu that her office, in collaboration with reform-minded stakeholders, will not relent in accelerating the implementation of the Federal Civil Service Strategy and Implementation Plan, FCSSIP 25.
She affirmed that digitalisation, performance management, and continuous learning remain key pillars in strengthening accountability, transparency, and service delivery across MDAs.
Walson-Jack reaffirmed that the civil service is determined to exceed expectations by embedding a culture of innovation, ethical leadership, and citizen-centred governance in the heart of public administration.
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