According to a report by Daily Post, the Cement Producers’ Association of Nigeria, CEPAN, is ready to aid the Bola Tinubu administration in reducing the price of cement within 30 days, as stated by Chairman Prince David Iweta to The Tribune.
He explained that
“the current hike in price of the product is due to production being overwhelmed by demand.” The association had warned the Federal Government about the consequences of assigning cement production to a select group, with Iweta noting, “What we are seeing today is a case of demand clearly outweighing supply.”
It was gathered that he also reiterated their earlier caution, stating, “the association had earlier warned, even when the commodity was still as low as N3,000 that in the nearest future, it would sell for as high as N9,000 if certain steps were not taken.”
He added,
“Why we were saying that then was to ginger the government to take action and avert this mess that we are all in today,” he said.