Cement Prices Stabilize in Cross River State – NAN

In Breaking News, Business & Economy, National News, Reports

by crossriverwatch admin

Bags of cement
Bags of cement

The price of cement is now stabilising in Cross River State as the product now sells for between N1,500 and N1,550 per bag, the News Agency of Nigeria (NAN) reports.

Following a protest by cement dealers, the price of the product increased in the state from N1,400 per bag to N1,800 in September and this had led to a scarcity.

They had decried the increase in Road Maintenance Levy by the state government from N500 to N12,800 for each truck of cement loaded at the United Cement (UniCem) depot in Calabar.

However, unlike during the period of the impasse, the commodity is now available in major sales outlets in the state capital and environs.

A dealer in Calabar, Asuquo Okon, told NAN the reduction in price was however out of other considerations and not as a result of a reduction in the levy.

“Since the state government has not heeded the appeal of the transporters to bring down the levy, the dealers have no option than to adjust,’’ he said.

Okon said the failure of government to reduce the levy had meant that the consumers were to pay more, adding that that was the only way to make the commodity available.

He said all efforts to make the state government see reason with the transporters proved abortive, and “we had to obey the law’’.

NAN recalls that the transporters had protested the increase and threatened to source the commodity elsewhere, but the government had maintained its stand.

UniCem is the dominant brand of cement found in parts of Cross River.

follow us on twitter @crossriverwatch

Since You Are Here, Support Good Journalism


CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.

CLICK HERE

New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here


Expose Your Business And Make More Sales. Advertise On CrossRiverWatch.com Today

You may also read!

If You’re Working You Don’t Need To Write It, Aisha Yesufu Tackles Gov. Ayade (VIDEO)

By Archibong Jeremiah Aisha Yesufu, a Nigerian socio-political activist, and co-convener of the Bring Back Our Girls Movement has

Read More...

Success Is Not Sexually Transmitted, UNICROSS VC Warn Students to Shun Vices

By Kelvin Ololo The Vice Chancellor of the University of Cross River State (UNICROSS) Prof. Augustine Oko Angba has

Read More...

#EndPoliceBrutality: Panel Reconvenes, Trash 11 Petitions, Adjourns To March 4

By Patrick Obia and Rachel Idim Cross River State Judicial Panel of Inquiry into Police Brutality and Restitution has

Read More...

One commentOn Cement Prices Stabilize in Cross River State – NAN

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now