Cement: Tinubu has told manufacturers to revert to old price — Umahi

The Minister of Works, David Umahi, has revealed that President Bola Tinubu has told manufacturers of cement in the country to revert to old prices.

The former two-term Ebonyi State Governor said this on Thursday in Sokoto during the inspection of a road project.

The Minister, who undertook the visit with the Chairman of the Senate Committee on Housing, Aminu Tambuwal (PDP-Sokoto), also inspected the newly constructed BUA Cement’s fifth plant in Sokoto State.

Umahi, who inspected the reconstruction of a 372km dual road from Sokoto to Zaria in Kaduna State, urged BUA cement’s management to reduce the prices of cement in the market.

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He emphasised the government’s commitment to stabilising the value of the Naira, and assured the public that efforts were underway to address the rising costs of commodities.

The Minister disclosed that President Tinubu was deeply concerned with the escalating prices of commodities, including cement.

He revealed that the President had directed cement companies to revert to the previous prices during a meeting with the manufacturers.

“I encourage them to comply with the President’s directive, facilitating a massive housing programme and the national agenda for concrete roads,” he stated.

Regarding the fifth plant, Umahi commended the company’s commitment and expressed confidence in the product’s quality, aligning with the government’s objectives.

In his remarks, Tambuwal emphasised the importance of cement production in the housing sector, praising the collaboration between the government and BUA cement.

“I believe this partnership will greatly support the Federal Government’s initiative to provide affordable housing, addressing the significant housing gap in the country,” he said.

Tambuwal congratulated BUA for its steadfastness, saying it will contribute significantly to the government’s initiative.

The Managing Director of BUA, Mr. Yusuf Binji, assured that the fifth plant would significantly increase the daily cement production, contributing to lower market prices.

“The new plant will add 165 trucks to our daily production capacity, further driving down the product’s price in the market,” Binji affirmed.