Minister of Works, Engineer Nweze Dave Umahi has called on the cement manufacturers to bring down the cost of their product to N7000 failing which he would report them officially to President Bola Ahmed Tinubu.
This, he said, is in view of the fact that the price of dollar has equally reduced drastically and the cost of petrol is coming down and efforts are being made by the president to fix the road.
“I’m happy that the policies of Mr. President, are working. Today, a dollar is about N1,400. And let me use the opportunity to express dissatisfaction with the cost of cement.
“Our contractors have called and complained that they wanted to move back to asphalt. We are using this medium to tell the cement manufacturers that at the time, the dollar was almost N2,000, they increased cement from N7,500.
“Why should cement be selling for N9,500? We are requesting cement manufacturers to bring down the cost of cement to N7,000. If after one week they don’t do that, I have to complain officially to Mr. President” he stated.
