The Federal Government has called on cement manufacturers to consider reducing the price of the commodity in order to improve local consumption for various infrastructural projects, even as they continue to build their export capacity.

Nigeria’s Vice President, Prof. Yemi Osinbajo, argued that cement price can be cheaper if per capita consumption increases through adoption of concrete roads and collaboration among local producers.

Osinbajo, during the inauguration of BUA Cement plant in Sokoto, on Tuesday, said: “Currently, Nigeria produces over 40 million tonnes of cement annually. Nigeria produces more cement than any other country in Africa. Indeed, when put together, several other countries still cannot produce as much cement.


“Nigeria’s huge market size of high urbanisation rate of 3.5 per cent, and even now, a low per capita cement consumption of about 125kg, and an estimated housing deficit of 17 million are key drivers for the growth of the Nigerian cement industry in the medium term.

“We have plenty of capacity to consume cement locally. As mentioned earlier, two issues require urgent attention. The first is the price of cement, it surely can be cheaper.

I know the standard arguments such as power, transportation, and other challenges, but it is still a lucrative business, and I know the reduction of price is possible between the major players.

“The second issue is concrete roads. We can change the narrative on road construction dramatically if we think through using concrete buildings in Nigeria,” he added.

Meanwhile, BUA Group has announced plans to commence exportation of cement with its recently inaugurated 1.5 million metric tonnes (MMT) cement plant in Sokoto to neighbouring countries, while also meeting local demand for the commodity.

With the inauguration of the Sokoto Plant, and completion of the expanded plant in Okpella, Edo State, the Group’s installed capacity is expected to hit 8MMT by the end of 2018.

The Chairman and Chief Executive Officer of BUA Group, Abdul Samad Rabiu, said the ultra modern cement plant holds a significant promise for the local market, and has huge export potential to earn foreign exchange for the country.

Rabiu said: “In the event that we choose to export, the Forex savings and potential forex this could generate for the country is huge.

We are in a prime position to actually deliver the entire demand here within the North-West, which is our catchment area, and also export; even though at BUA, we have made it a policy to cater first to our home market before we export.”

Meanwhile, the Chairman also said the second line of its $1billion Obu Cement Complex in Okpella, Edo State inaugurated in August 2017, would be completed this year end. He said BUA Cement investment in Edo remains the single largest private-led investment in the entire South-South region of Nigeria, outside the oil and gas industry.

He continued: “By the time that plant is completed by the end of the year – together with what we have here, BUA Cement’s total production volumes will be in excess of eight million tonnes, and that would give us over 35 per cent of the entire volumes produced in Nigeria.”

The Governor of Sokoto State, Dr. Aminu Waziri Tambuwal, urged investors to exploit opportunities in the State through the huge deposit of natural resources, adding that the State has developed a blue print on the ease of doing business to encourage investors and protect their investments.

http://www.akelicious.net/2018/07/fg-pushes-for-lower-cement-price.html

Very good development....
Good job FG.
They should enforce it ASAP.

Long grammar to appease the audience.

Good one for CCNN faithful

I know they will still go and ask dangote and co to forgive them this reckless utterances. Because they don't care for the masses.

Bricklayers are now turning to petty criminals do to lack of building site.

Cement that is less than 1000 naira elswhere is now 2500 in Nigeria, the mlking of the masses continues.

Nice one

Good job FG. to be frank, nothing is cheap in this country.

Is dangote not your northern brother...... Call his number nah

We done hear

Na soso hear we dey hear, we no dey take eye see anything

call Dangote Number now if e reduce odas will follow..... Dangote is dere headmaster.. importing Cement from neighbouring country is cheaper dan our own i kip wonderin wat happen to d one produce in our country shey dem get special chemical ni.

I know the standard arguments such as power, transportation and other challenges.


"I know the standard arguments such as power, transportation, and other challenges, but it is still a lucrative business, and I know the reduction of price is possible between the major players"

If federal government can take drastic measures to address the issues stated above, the price of goods and services (not even cement alone) across Nigeria States will definitely reduce drastically, because the cost of productions will definitely be reduced. So, pushing for price reduction without measures and policies to address such, will that be effective?

But we can not continue multiplying 2 by 2 and expect the answer to be 8.


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Concrete roads.. Okay o

The only way you can reduce cement price is by encouraging more cement manufacturers to come into the fray...which means reduced prices.

You also have a plan to improve transport, power and water supply/infrastructure.

OR....you do like we have been doing for petrol, and throw billions of naira into a bottomless pit in the name of cement subsidy.

Tell that to my ass. How many times will the price of cement be reduced only for us to have paper numbers which will shoot back up
Is cement price a spring?

When a few persons have monopoly of it? whosai!

...But if they fit reduce am,e go good.
Make I call muhammed, make he organise some @bokis to clear my land.....while we wait for the drastic reduction.

Why should Nigeria a country with wasting and decaying Bitumen deposits opt for concrete roads instead... Info state has enough wasting bitumen deposits to literally surface the whole of Africa but Osinbanjo is here instead pushing the the greedy Agenda of two northern cement oligarch .... The best way for cement to be affordable is for the economy to improve and as the standard of living and disposable income of Nigerians shore up so will cement sales automatically... We have to dump this shallow Narrative by our shallow govt that it's lower cost that determines affordabality of products while the truth that only general economic growth can improve affordability index

its about bleeping time.

Concrete road is bad news personally

who FG help?

Adoption of what stupid concrete roads? I'm sure Dangote is pushing this.

anselm791:
its about bleeping time.

naija is in their hand dribble citizens like football, soon all will be over. www.nigeriapen.com.ng reacted

All talk and no action

A lot of the people above me can't even calm down and read a post properly, they just want to rush and drop a savage comment to get a lot of likes.

edunwablog:


The Federal Government has called on cement manufacturers to consider reducing the price of the commodity in order to improve local consumption for various infrastructural projects, even as they continue to build their export capacity.

Nigeria’s Vice President, Prof. Yemi Osinbajo, argued that cement price can be cheaper if per capita consumption increases through adoption of concrete roads and collaboration among local producers.

Osinbajo, during the inauguration of BUA Cement plant in Sokoto, on Tuesday, said: “Currently, Nigeria produces over 40 million tonnes of cement annually. Nigeria produces more cement than any other country in Africa. Indeed, when put together, several other countries still cannot produce as much cement.


“Nigeria’s huge market size of high urbanisation rate of 3.5 per cent, and even now, a low per capita cement consumption of about 125kg, and an estimated housing deficit of 17 million are key drivers for the growth of the Nigerian cement industry in the medium term.

“We have plenty of capacity to consume cement locally. As mentioned earlier, two issues require urgent attention. The first is the price of cement, it surely can be cheaper.

I know the standard arguments such as power, transportation, and other challenges, but it is still a lucrative business, and I know the reduction of price is possible between the major players.

“The second issue is concrete roads. We can change the narrative on road construction dramatically if we think through using concrete buildings in Nigeria,” he added.

Meanwhile, BUA Group has announced plans to commence exportation of cement with its recently inaugurated 1.5 million metric tonnes (MMT) cement plant in Sokoto to neighbouring countries, while also meeting local demand for the commodity.

With the inauguration of the Sokoto Plant, and completion of the expanded plant in Okpella, Edo State, the Group’s installed capacity is expected to hit 8MMT by the end of 2018.

The Chairman and Chief Executive Officer of BUA Group, Abdul Samad Rabiu, said the ultra modern cement plant holds a significant promise for the local market, and has huge export potential to earn foreign exchange for the country.

Rabiu said: “In the event that we choose to export, the Forex savings and potential forex this could generate for the country is huge.

We are in a prime position to actually deliver the entire demand here within the North-West, which is our catchment area, and also export; even though at BUA, we have made it a policy to cater first to our home market before we export.”

Meanwhile, the Chairman also said the second line of its $1billion Obu Cement Complex in Okpella, Edo State inaugurated in August 2017, would be completed this year end. He said BUA Cement investment in Edo remains the single largest private-led investment in the entire South-South region of Nigeria, outside the oil and gas industry.

He continued: “By the time that plant is completed by the end of the year – together with what we have here, BUA Cement’s total production volumes will be in excess of eight million tonnes, and that would give us over 35 per cent of the entire volumes produced in Nigeria.”

The Governor of Sokoto State, Dr. Aminu Waziri Tambuwal, urged investors to exploit opportunities in the State through the huge deposit of natural resources, adding that the State has developed a blue print on the ease of doing business to encourage investors and protect their investments.

http://www.akelicious.net/2018/07/fg-pushes-for-lower-cement-price.html

I smell someone in the backround trying to foool the foolish government. Concrete roads can NEVER ever be cheaper than Coal tar roads. ITS A NEVER.

edunwablog:


The Federal Government has called on cement manufacturers to consider reducing the price of the commodity in order to improve local consumption for various infrastructural projects, even as they continue to build their export capacity.

Nigeria’s Vice President, Prof. Yemi Osinbajo, argued that cement price can be cheaper if per capita consumption increases through adoption of concrete roads and collaboration among local producers.

Osinbajo, during the inauguration of BUA Cement plant in Sokoto, on Tuesday, said: “Currently, Nigeria produces over 40 million tonnes of cement annually. Nigeria produces more cement than any other country in Africa. Indeed, when put together, several other countries still cannot produce as much cement.


“Nigeria’s huge market size of high urbanisation rate of 3.5 per cent, and even now, a low per capita cement consumption of about 125kg, and an estimated housing deficit of 17 million are key drivers for the growth of the Nigerian cement industry in the medium term.

“We have plenty of capacity to consume cement locally. As mentioned earlier, two issues require urgent attention. The first is the price of cement, it surely can be cheaper.

I know the standard arguments such as power, transportation, and other challenges, but it is still a lucrative business, and I know the reduction of price is possible between the major players.

“The second issue is concrete roads. We can change the narrative on road construction dramatically if we think through using concrete buildings in Nigeria,” he added.

Meanwhile, BUA Group has announced plans to commence exportation of cement with its recently inaugurated 1.5 million metric tonnes (MMT) cement plant in Sokoto to neighbouring countries, while also meeting local demand for the commodity.

With the inauguration of the Sokoto Plant, and completion of the expanded plant in Okpella, Edo State, the Group’s installed capacity is expected to hit 8MMT by the end of 2018.

The Chairman and Chief Executive Officer of BUA Group, Abdul Samad Rabiu, said the ultra modern cement plant holds a significant promise for the local market, and has huge export potential to earn foreign exchange for the country.

Rabiu said: “In the event that we choose to export, the Forex savings and potential forex this could generate for the country is huge.

We are in a prime position to actually deliver the entire demand here within the North-West, which is our catchment area, and also export; even though at BUA, we have made it a policy to cater first to our home market before we export.”

Meanwhile, the Chairman also said the second line of its $1billion Obu Cement Complex in Okpella, Edo State inaugurated in August 2017, would be completed this year end. He said BUA Cement investment in Edo remains the single largest private-led investment in the entire South-South region of Nigeria, outside the oil and gas industry.

He continued: “By the time that plant is completed by the end of the year – together with what we have here, BUA Cement’s total production volumes will be in excess of eight million tonnes, and that would give us over 35 per cent of the entire volumes produced in Nigeria.”

The Governor of Sokoto State, Dr. Aminu Waziri Tambuwal, urged investors to exploit opportunities in the State through the huge deposit of natural resources, adding that the State has developed a blue print on the ease of doing business to encourage investors and protect their investments.

http://www.akelicious.net/2018/07/fg-pushes-for-lower-cement-price.html

If you're reading this (which, of course, I doubt), then, sack that ba.s.tar.d you have as your PA.

If the manufacturers reduce the price of cement now, Nigerians will still identify it for what it is - election gimmicks. This government is an Oluwole government. The time is almost quarter past two, and you want to revive the Nigerian airway, complete second Niger bridge, construct 4th mainland bridge, reduce price of cement, repair 3rd mainland bridge. Less than 7 months to election. Haba!!!

NAIJA government only mouth you ppl use they do things, spiritual, light no dey, road no good. abeg comot make i see road jor

edunwablog:


The Federal Government has called on cement manufacturers to consider reducing the price of the commodity in order to improve local consumption for various infrastructural projects, even as they continue to build their export capacity.

Nigeria’s Vice President, Prof. Yemi Osinbajo, argued that cement price can be cheaper if per capita consumption increases through adoption of concrete roads and collaboration among local producers.

Osinbajo, during the inauguration of BUA Cement plant in Sokoto, on Tuesday, said: “Currently, Nigeria produces over 40 million tonnes of cement annually. Nigeria produces more cement than any other country in Africa. Indeed, when put together, several other countries still cannot produce as much cement.


“Nigeria’s huge market size of high urbanisation rate of 3.5 per cent, and even now, a low per capita cement consumption of about 125kg, and an estimated housing deficit of 17 million are key drivers for the growth of the Nigerian cement industry in the medium term.

“We have plenty of capacity to consume cement locally. As mentioned earlier, two issues require urgent attention. The first is the price of cement, it surely can be cheaper.

I know the standard arguments such as power, transportation, and other challenges, but it is still a lucrative business, and I know the reduction of price is possible between the major players.

“The second issue is concrete roads. We can change the narrative on road construction dramatically if we think through using concrete buildings in Nigeria,” he added.

Meanwhile, BUA Group has announced plans to commence exportation of cement with its recently inaugurated 1.5 million metric tonnes (MMT) cement plant in Sokoto to neighbouring countries, while also meeting local demand for the commodity.

With the inauguration of the Sokoto Plant, and completion of the expanded plant in Okpella, Edo State, the Group’s installed capacity is expected to hit 8MMT by the end of 2018.

The Chairman and Chief Executive Officer of BUA Group, Abdul Samad Rabiu, said the ultra modern cement plant holds a significant promise for the local market, and has huge export potential to earn foreign exchange for the country.

Rabiu said: “In the event that we choose to export, the Forex savings and potential forex this could generate for the country is huge.

We are in a prime position to actually deliver the entire demand here within the North-West, which is our catchment area, and also export; even though at BUA, we have made it a policy to cater first to our home market before we export.”

Meanwhile, the Chairman also said the second line of its $1billion Obu Cement Complex in Okpella, Edo State inaugurated in August 2017, would be completed this year end. He said BUA Cement investment in Edo remains the single largest private-led investment in the entire South-South region of Nigeria, outside the oil and gas industry.

He continued: “By the time that plant is completed by the end of the year – together with what we have here, BUA Cement’s total production volumes will be in excess of eight million tonnes, and that would give us over 35 per cent of the entire volumes produced in Nigeria.”

The Governor of Sokoto State, Dr. Aminu Waziri Tambuwal, urged investors to exploit opportunities in the State through the huge deposit of natural resources, adding that the State has developed a blue print on the ease of doing business to encourage investors and protect their investments.

http://www.akelicious.net/2018/07/fg-pushes-for-lower-cement-price.html

If the government is really sincere, they will provide cheap electricity to the country. This will go a long way in reducing cost of cement. Talk is very cheap!!!

I like Dangote, the guy is very smart in his dealings...
A Good way of moving Dangote and Co forward...
If you know you know.
But, our government fluctuates like the civitas in a salacious ingenium...

edunwablog:


The Federal Government has called on cement manufacturers to consider reducing the price of the commodity in order to improve local consumption for various infrastructural projects, even as they continue to build their export capacity.

Nigeria’s Vice President, Prof. Yemi Osinbajo, argued that cement price can be cheaper if per capita consumption increases through adoption of concrete roads and collaboration among local producers.

Osinbajo, during the inauguration of BUA Cement plant in Sokoto, on Tuesday, said: “Currently, Nigeria produces over 40 million tonnes of cement annually. Nigeria produces more cement than any other country in Africa. Indeed, when put together, several other countries still cannot produce as much cement.


“Nigeria’s huge market size of high urbanisation rate of 3.5 per cent, and even now, a low per capita cement consumption of about 125kg, and an estimated housing deficit of 17 million are key drivers for the growth of the Nigerian cement industry in the medium term.

“We have plenty of capacity to consume cement locally. As mentioned earlier, two issues require urgent attention. The first is the price of cement, it surely can be cheaper.

I know the standard arguments such as power, transportation, and other challenges, but it is still a lucrative business, and I know the reduction of price is possible between the major players.

“The second issue is concrete roads. We can change the narrative on road construction dramatically if we think through using concrete buildings in Nigeria,” he added.

Meanwhile, BUA Group has announced plans to commence exportation of cement with its recently inaugurated 1.5 million metric tonnes (MMT) cement plant in Sokoto to neighbouring countries, while also meeting local demand for the commodity.

With the inauguration of the Sokoto Plant, and completion of the expanded plant in Okpella, Edo State, the Group’s installed capacity is expected to hit 8MMT by the end of 2018.

The Chairman and Chief Executive Officer of BUA Group, Abdul Samad Rabiu, said the ultra modern cement plant holds a significant promise for the local market, and has huge export potential to earn foreign exchange for the country.

Rabiu said: “In the event that we choose to export, the Forex savings and potential forex this could generate for the country is huge.

We are in a prime position to actually deliver the entire demand here within the North-West, which is our catchment area, and also export; even though at BUA, we have made it a policy to cater first to our home market before we export.”

Meanwhile, the Chairman also said the second line of its $1billion Obu Cement Complex in Okpella, Edo State inaugurated in August 2017, would be completed this year end. He said BUA Cement investment in Edo remains the single largest private-led investment in the entire South-South region of Nigeria, outside the oil and gas industry.

He continued: “By the time that plant is completed by the end of the year – together with what we have here, BUA Cement’s total production volumes will be in excess of eight million tonnes, and that would give us over 35 per cent of the entire volumes produced in Nigeria.”

The Governor of Sokoto State, Dr. Aminu Waziri Tambuwal, urged investors to exploit opportunities in the State through the huge deposit of natural resources, adding that the State has developed a blue print on the ease of doing business to encourage investors and protect their investments.

http://www.akelicious.net/2018/07/fg-pushes-for-lower-cement-price.html

FG wailing too even when they are the problem? Amazing....

Enforce ko, inforce ni. With the crazy taxe deductions and harsh business environments, are they mad ni?

Nice move by the FG...