Key representatives of Lafarge Holcim Africa have stated that it is highly unlikely that the price of cement will return to its previous price. Head of Corporate Communications Ginika Frank-Durugbor made this statement on Wednesday during a media interaction in Calabar.
Recall that a few weeks ago, President Bola Tinubu issued an order to cement manufacturers in the nation to lower the price of a bag of cement from N15,000 to N7000, a directive that was unsuccessful. Frank-Durugbor clarified that the high cost of cement was partly caused by the recent spike in foreign exchange rates.
She could not say if they would be able to revert the price of a bag of cement to the former rate as directed by the president given the hyperinflation in the country.
She added that local sourcing of quarry in Akamkpa and Akpabuyo LGA of the state, as well as local production of contents, including cement bags, have helped to sell at ‘affordable price’.
Another key official of the firm, Tina Shobola disagreed that the sharp increment in cement price might lead to building collapse as the block industry might decide to cut corners.
She said they now ensure that they provide free technical assistance to their customers who are into construction to ensure durable and quality projects.
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