Managing Director of the cable manufacturing giant, George Onafowokan, expressed the concern in an interview on Thursday.
Browsing: Manufacturers
Gaza Gbwefi, the Chairman, House Joint Committee on the Arbitrary Increase in the Price of Cement, said this in Abuja on Monday.
Senator David Umahi made this known to newsmen after a protracted meeting with major cement manufacturers in the country on Monday in Abuja.
The Manufacturers Association of Nigeria (MAN) has commended the Federal Government’s announcement of 7.5 per cent Value Added Tax (VAT) waiver on Automotive Gas Oil (AGO), commonly called diesel.
The Cement Producers Association of Nigeria has said the plan of the Federal Government to introduce concrete roads will increase the price of cement to N9,000.
Manufacturers have lauded the corrective economic reforms (exchange rate convergence and the removal of fuel subsidy) by the Federal Government.