President Bola Ahmed Tinubu has directed cement manufacturing companies to revert to the old prices it sold before it was hiked following the depreciation of naira against the US dollar.
Minister of Works, David Umahi, informed newsmen of the president’s directives shortly after inspecting BUA cement factory in Sokoto on Thursday.
According to him, during a meeting with the manufacturers, the president directed them to revert to the earlier price of cement.
Umahi commended the company for completing its 5th line.
“When the chairman of the company visited Mr President last week, he assured that the 5th line will soon commence operation and with my visit here, I can confirm the 5th line, though waiting to be commissioned has already commenced operation,” he testified
He however commended the management of the company for ensuring cleanliness within the entire premises of the company.
Accompanied by the Senate committee chairman on housing, Senator Aminu Tambuwal, the Minister said the federal government was embarking on 372 kilometers of road, dual carriage way from Zaria to Sokoto State.
“I am here to see things for myself, as you are aware, the federal government is currently embarking on 372 dual kilometers of road of which the first phase will be done with Asphalt, while the step down will be done with concrete.
“If you calculate the 372 kilometers, because it is dual carriage way into two will give us total of 744 kilometers.
“The second 372 kilometers will be conducted with pure concrete in line with the renewed hope agenda of Mr President.
Also speaking, Senator Aminu Tambuwal, commended BUA management for living up to expectations in the discharge of its responsibilities.
He also appealed to the management of the company to in addition to improved capacity in its production also ensure the availability of the product to the masses at affordable prices so as to meet up with the current administration of housing for all.
Speaking earlier in his welcome address, managing director of the company, Engineer Yusuf Binji, assured that with the fifth line, the company will ensure massive production of the product in the company.
He said the increase in the production of cement will further pushed down the price of the product in the market.
