The Federal Government and Cement manufacturers have agreed on a 7,000 to 8,000 naira per 50 kilogram bag of cement to halt the rise in the price of the product, depending on the location worldwide.
This agreement follows a deal struck after several hours of meeting held behind closed doors at the headquarters of the Ministry of Works, between the duo in Abuja.
The Manufacturers however submitted that the current market price will largely depend on government fulfilling its promised interventions in certain areas of concern to caution critical challenges faced in the industry.
Categories: National News