Cement price: Nigerian govt promises to fix roads, reduce import duties

The federal government promises to focus more on road maintenance and look into reducing import duties and petrol prices to lower the exorbitant cost of cement across the country.

This is part of the communique released following a meeting between the government and the major cement producers on Monday in Abuja.

The communiqué was signed by Senator David Umahi, Minister of Works, Mrs. Doris Uzoka-Anite, Minister of Trade and Investment, and the three leading cement producers, Dangote Plc, BUA Plc, and Lafarge Plc.

The letter states that the government was aware of the difficulties listed by the producers, which include high foreign exchange rates, poor road networks, high petrol prices, hefty import duties on spare parts and cement smuggling to adjacent countries.

At the end of the meeting, the Federal Ministry of Industry, Trade and Investment decided to ask President Bola Tinubu for some remedies regarding the price of petrol and import tariffs.

The Federal Ministry of Works would focus more on road maintenance, particularly near the manufacturing facilities.

The National Security Adviser and the Federal Ministry of Industry, Trade, and Investment were to have a closer working relationship on cement smuggling to combat this threat.

The meeting also agreed that several places around the country were experiencing unusually high cement prices.

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