The Federal Government has intensified pressure on cement manufacturers to reduce the cost of cement, warning that the current pricing regime is placing a heavy burden on ongoing infrastructure projects and triggering growing demands from contractors for contract variations.
Minister of Works, Senator David Umahi, stated this on Sunday while delivering a keynote address at the unveiling of the new corporate identity of Lafarge Africa, which has now been rebranded as HBM following its acquisition by the Chinese-based HUAXIN Group.
This was disclosed in a statement issued by the minister’s Senior Special Assistant, Media, Francis Nwaze, on Monday.
Speaking before industry leaders, investors and stakeholders at the Lagos Continental Hotel, Lagos, Umahi said the government would begin formal engagements with cement manufacturers from July 1 to address what he described as the persistent challenge of high cement prices.
The minister stressed that manufacturers must take responsibility for reducing costs rather
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