The Fluctuating price of cement is affected by the price of diesel, bad roads and erratic power supply in Nigeria.
President Jonathan should address these issues. So that, there will be no basis for hike in the price of cement, by manufactures and stakeholders .
Nigerians challenged the Federal Government and cement stakeholders to properly address all the factors responsible for the high price of the cement, and ensure a sustainable low price, rather than a Fluctuating or temporary one.
Following the request, President Goodluck Jonathan had on May 16, 2011, issued the ultimatum to cement manufacturers in the country to bring down the price of the product in order to make it affordable to Nigerians.
The 30-day ultimatum given to cement manufacturers and stakeholders lapsed on June 16, 2011. Currently, a 50kg bag of cement is now selling at between N1,850 and N2,200, as against N2,600 sold at most retail markets in Lagos, in the first quarter of the year.
Great! I hope it continues to drop to the bearable minimum. I can really make much comment now until after 6 months or more. I wish President Jonathan bring Good Luck to Nigeria...
l hope President Jonathan with his good luck will address the issue of erratic power supply in Nigeria.
If that is addressed, all other things will gradually fall in place.