Price of Cement Falls in Ilorin

Mustafa Abubakar

20 July 2011

Ilorin — The price of cement has reduced in Ilorin metropolis to N1,750 per bag as against N2,300 about three months ago.Although, some products are being sold at N1,850 and N1,950 respectively, the lesser one is N1,750.

Some of the dealers, who spoke with our reporter at Maraba, Kulende, Shao Garage, and challenge area among other areas in Ilorin metropolis, said they were recording improved patronage as a result of the reduction in the price of the commodity.

Others said they were not apply when the cement price was high because the patronage was not encouraging. The managing Director and Chief Executive Officer of Dangote Group of Companies, Alhaji Aliko Dangote recently announced that is product would be sold N1,350. However, dealers, who spoke on his proclamation said they were to get the product as announced.

“We are yet to get the product as announced by Dangote. Also, the price announced is a company’s price but a bag may later be sold at N1,650 if product is out as proclaimed”.

“Our hope is to see the product reduced in prices because it will increase the patronage.”

Reacting to the development, some bricklayers who spoke with our correspondent expressed happiness with the development, adding that some of customers who have abandoned their building sites are requesting for our services.

They appealed to the stakeholders to do everything possible to ensure that the price of cement is reduced to the bearest minimum.

It would be recalled that president Goodluck Jonathan had recently directed the cement manufacturers to use the advantage of rail transport to reduce the price of cement.

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