Chairman of the group, Mr. David Iweta, said in a statement, that instead of obeying the directive, “Cement manufacturers are flooding the market with imported cement instead of locally manufactured cement and secretly importing finished clinker for grinding in their local plants.”
He said, “Cement manufacturers are claiming that cement price has dropped by 25 per cent from N2700 to N2200 per bag, which is very temporal and cannot be sustained. Without deliberate decision of Mr. President to release pending licences and revert to five per cent duty, the price of cement will remain high.”
