Sunday, May 22, 2022
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Minister wants manufacturers to reduce cement price in Nigeria

Nkasiobi Oluikpe by Nkasiobi Oluikpe
March 17, 2021
in ENVIRONMENT
0
Minister wants manufacturers to reduce cement price in Nigeria
0
SHARES
213
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The Minister for Mines and Steel Development, Olamilekan Adegbite, has urged major cement manufacturers in the country to come together and work towards reducing the price of cement.

Adegbite made the submission during a webinar, moderated by the Managing Director of BusinessDay Newspaper, Ogho Okiti, for thought leaders in the construction industry on Wednesday.

READ ALSO

UK’s £27.5m climate fund to benefit Nigeria, others

Nigeria explains delay in AfDB’s $150m water project

He called for the amendment of the procurement law for building and construction in Nigeria, to emphasise safety, compliance, and the adoption of standards in the industry.

Read Also:

  • AI, tech and accounting profession
    AI, tech and accounting profession
  • Grant, loan and bootstrapping for SMEs
    Grant, loan and bootstrapping for SMEs
  • Now that land borders are open…
    Now that land borders are open…

The National Association of Block Moulders of Nigeria had in recent months been calling on the government to wade into the issue of cement prices as their members were no longer producing due to the rise in the price of the product.

The President of NABMON, Adesegun Banjoko, expressed fear that the members might produce substandard blocks, just in an attempt to break even and remain in business.

According to him, the block moulders cannot survive in business with the current price of cement.

The Director-General, Standard Organisation of Nigeria, Farouk Salim, lamented that for 10 years, the SON had not been involved in the inspection of materials entering into the country through the ports and terminals.

He added that the agency needed all the support to carry out its mandate of guaranteeing standard materials for building and construction in Nigeria.

The Chairman of Cement Manufacturers Association of Nigeria, Joseph Makoju, said effective monitoring was critical to mitigating the risks of collapsed buildings.

He reminded stakeholders that between 2007 and 2020, the incidence of collapsed buildings in Nigeria increased by 20 per cent.

On his part, the President of Nigerian Institute of Structural Engineers, Kehinde Osifala, said some of the challenges in the construction industry to included identification of real engineers; educating the public on the role of a structural engineer; and inadequate manpower, corruption.

The Head, Sustainable Construction, Lafarge Holcim, Michael Scharpf, hinted on the need for integrating sustainability into building and construction.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: Cement priceManufacturersNigeria

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Nkasiobi Oluikpe

Nkasiobi Oluikpe

Related Posts

Many faces of SMEs funding
ENVIRONMENT

UK’s £27.5m climate fund to benefit Nigeria, others

November 12, 2021
Siemens partners HELIOZ to provide potable water to Sudan
ENVIRONMENT

Nigeria explains delay in AfDB’s $150m water project

September 30, 2021
UN seeks increase in climate financing
ENVIRONMENT

UN seeks increase in climate financing

June 15, 2021
Environmental day, SAP tasks organisations on sustainable practices
ENVIRONMENT

Environmental day: SAP tasks organisations on sustainable practices

June 4, 2021
Rare Lunar trifecta lights up skies
ENVIRONMENT

Rare Lunar trifecta lights up skies

May 25, 2021
housing fund
ENVIRONMENT

LASG saves properties worth N138bn from fire

May 20, 2021
Next Post
Equities market indices dip by N33bn in one day

Nigerian stock market extends losses, sheds 0.04%


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Now that land borders are open…

Now that land borders are open…

May 20, 2022
Grant, loan and bootstrapping for SMEs

Grant, loan and bootstrapping for SMEs

May 18, 2022
Collaboration in economic space

Collaboration in economic space

May 17, 2022
Nigerian bank partners Aussie hub to fund education loan

Nigerian bank partners Aussie hub to fund education loan

May 16, 2022
AI, tech and accounting profession

AI, tech and accounting profession

May 16, 2022
Investors gain N109.2bn as Nigerian stock market rebounds

NGX returns N1.17tn gain, inches up further

May 16, 2022
Chronicling Obiano’s achievements in Akpokuedike

Chronicling Obiano’s achievements in Akpokuedike 

May 12, 2022

TRENDING

  • AI, tech and accounting profession

    AI, tech and accounting profession

    0 shares
    Share 0 Tweet 0
  • Grant, loan and bootstrapping for SMEs

    2 shares
    Share 0 Tweet 0
  • Nigerian bank partners Aussie hub to fund education loan

    2 shares
    Share 0 Tweet 0
  • Time for a New Beginning

    2 shares
    Share 0 Tweet 0
  • Chronicling Obiano’s achievements in Akpokuedike 

    2 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Posting....