President Tinubu Orders Reversal of Cement Price Hike, Says Minister



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Minister of Works, Senator David Umahi, revealed that President Bola Tinubu has directed Nigerian cement companies to revert to the previous price.

The minister emphasized that the new presidential order aims to alleviate economic hardships for Nigerians. Umahi commended cement manufacturers for their commitment to the directive and encouraged them to support housing programs and infrastructure development.

He also highlighted ongoing road projects and challenges faced by the industry, attributing the high cement prices to factors like smuggling, poor roads, high energy costs, and the Forex crisis.

Umahi expressed optimism about future price reductions.

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Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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