Cement buyers in Benue decry price hike
Cement buyers in Benue State have decried the sudden increase in the price of the product from N5,500 to N8,000.
They made their feelings known during an interview on Wednesday in Makurdi.
According to James Toryila, the increase in the price of cement is not genuine, stressing that sellers of the product only want to take advantage of the vulnerable economy to make huge profit.
“You cannot tell me that between last week and this week, the cost of producing cement increased to warrant this high price. What is happening to our economy is worrisome. The Nigerian economy has not been this bad,” Mr Toryila said.
Also, Simon Adzende condemned the sharp increase in the price of the product, describing it as shocking.
Mr Adzende said it would discourage low-income earners from embarking on any building project.
He called for the urgent intervention of the government to save the country’s economy from total collapse.
Oche Onah, who said that he bought the product on Monday at the rate of N7,500, expressed shock that cement had gone up to N8,000 on Wednesday.
A cement trader, Ternenge Shima, however, said that the increase was gradual and not sudden as most buyers were claiming.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Kidnapping for Ransom: Troops rescue four hostages in Katsina
Troops of the Nigerian Army, 17 Brigade Strike Group/Quick Response Force, rescued four kidnap victims in Fafu along the Matazu-Musawa axis of Katsina.
World
Russian drone attack kills one, injures seven in Ukraine’s Zaporizhzhya
A Russian attack on the south-eastern Ukrainian city of Zaporizhzhya killed at least one person and wounded seven others, Ukrainian authorities said.
Health
African leaders urged to end debt injustice, use resources for youth’s social protection
The AIDS Healthcare Foundation has urged African leaders to end debt injustice and redirect resources to youth health, education, and social protection.
Heading 4
U.S. unveils $1 billion humanitarian funding for UNICEF, WFP
The U.S. announced it will provide over $1 billion in funding to UNICEF and the WFP as part of President Donald Trump’s efforts to address global humanitarian crises.
Economy
G7 leaders to discuss global economic recovery
G7 leaders will discuss ways to support sustainable economic growth on Wednesday (today) as they grapple with the strain the war in Iran is placing on the global economy.
States
Kaduna first subnational government to domesticate OPG: Official
This was noted in a statement signed by Femi Johnson, co-chair of Service Delivery, Health and Education, OGP in Kaduna.
