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NIGERIAN GOVT THREATENS TO ALLOW MASSIVE IMPORTATION OF CEMENT DUE TO THE HIGHER PRICES
The government stopped importation of cement in other to empower you to produce more and sell cheaper,” he said.
Otherwise the government can open the borders for mass importation of cement, the price will crash, but you will have no business to do.
He expressed his displeasure at the position of the Cement Manufacturer Association of Nigeria (CEMAN) that the association “does not interfere with the pricing of cement
He said the reasons given by cement manufacturers for the price increase – the high cost of gas and manufacturing equipment – were not enough for such astronomical pricing.
While cement manufacturers can control the prices they sell the product, wholesalers and retailers often, arguably based on their operational costs, sell at prices of their choosing.
Mr Dangiwa, however, said the government wants the manufacturers to compel the wholesalers and retailers to sell at fixed prices.
