AshakaCem has pledged to commit the sum of N500m within a time frame as part of its community development in the area where it has been operating for the
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Respondents to the survey said several challenges affected production in factories, one of which is the outbreak of COVID-19, thus reducing supply, while demand kept increasing.
Some of the respondents also condemned the activities of middlemen, saying such people, as always, capitalised on the development to further worsen the situation.
They called on government to intervene by checking the unwholesome activities of some dealers and middlemen.
Others, however, blamed the hike on high cost of transportation and other sundry activities associated with the business of procurement and sales of cement in the country.
Malam Ibrahim Sanusi, a cement dealer at the Gombe main market, described the hike as “outrageous” when compared with the price of same commodity the previous year.
Cement: Security, middlemen induce price hike in North-east
A survey in Bauchi, Gombe, Borno, Yobe, Adamawa and Jigawa, indicated an average of 40 per cent increase in price. 3 min read
Some residents of Nigeria’s North-east have attributed the rise in the price of cement to the widening gap between the demand and supply of the product.
A News Agency of Nigeria (NAN) survey in Bauchi, Gombe, Borno, Yobe, Adamawa as well as Jigawa, indicated an average of 40 per cent increase in price.
Respondents said several challenges affected production in factories, one of which is the outbreak of COVID-19, thus reducing supply, while demand kept increasing.