Thursday, May 19, 2011

AFRICA: NIGERIA: Cement dealers commend government’s price reduction

Cement dealers and block makers in the Federal Capital Territory on Wednesday lauded the Federal Government’s intervention to bring down the high cost of cement within 30 days.

A cross section of cement dealers and block makers who spoke in separate interviews with the News Agency of Nigeria in Abuja said they were very happy with the development.

Cynthia Ndubisi, a distributor and block maker at Lugbe, said government’s intervention was very timely, noting that it would boost the trade in cement and blocks.

Sanusi Samuel, a cement dealer, near the Games Village, however, advised government to also consider reducing the prices of other commodities, such as diesel, “which indirectly affects the price of cement.”

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