{"id":316790,"date":"2024-02-19T18:02:05","date_gmt":"2024-02-19T17:02:05","guid":{"rendered":"https:\/\/platinumpostng.com\/?p=316790"},"modified":"2024-02-19T18:02:05","modified_gmt":"2024-02-19T17:02:05","slug":"breaking-cement-price-set-to-crash-to-n7000","status":"publish","type":"post","link":"https:\/\/www.thespycode.com\/breaking-cement-price-set-to-crash-to-n7000\/","title":{"rendered":"BREAKING: Cement price set to crash to N7000"},"content":{"rendered":"<p><strong>Cement manufacturers have agreed to lower the product&#8217;s price to between N7,000 and N8,000 per 50kg, depending on region nationally.<\/strong><\/p>\n<p>On Monday, February 19, the Minister of Works, David Umahi, convened a meeting in Abuja attended by his counterparts from the Ministry of Industry, Trade, and Investment, including Doris Uzoka-Anite, to identify the underlying causes of the sudden increase in commodity prices.<\/p>\n<p>The manufacturers present also emphasized their willingness to bring down the pricing in the future as long as the federal government intervention is satisfied.<\/p>\n<p>READ ALSO:\u00a0<a href=\"https:\/\/platinumpostng.com\/2024\/02\/18\/bua-announces-50-salary-increment-for-staff-amid-increase-in-cement-price\/\" rel=\"noopener\">BUA announces 50% salary increment for staff amid increase in cement price<\/a><\/p>\n<p>BUA Industries also disclosed plans to bring 6 million tons of cement into the market to mitigate the surging prices.<\/p>\n<p>The federal government has also declared its intention to encourage the introduction of six new manufacturers.<\/p>\n<p>More details to follow&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cement manufacturers have agreed to lower the product&#8217;s price to between N7,000 and N8,000 per 50kg, depending on region nationally. On Monday, February 19, the Minister of Works, David Umahi, convened a meeting in Abuja attended by his counterparts from the Ministry of Industry, Trade, and Investment, including Doris Uzoka-Anite, to identify the underlying causes &#8230; <a title=\"BREAKING: Cement price set to crash to N7000\" class=\"read-more\" href=\"https:\/\/www.thespycode.com\/breaking-cement-price-set-to-crash-to-n7000\/\" aria-label=\"Read more about BREAKING: Cement price set to crash to N7000\">Read more<\/a><\/p>\n","protected":false},"author":14,"featured_media":204824,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6683],"tags":[6881],"class_list":["post-316790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-cement-price-set-to-crash-to-n7000"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.thespycode.com\/wp-content\/uploads\/2021\/07\/BUA-Cement.jpg?fit=1600%2C1000&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/posts\/316790"}],"collection":[{"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/comments?post=316790"}],"version-history":[{"count":0,"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/posts\/316790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/media\/204824"}],"wp:attachment":[{"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/media?parent=316790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/categories?post=316790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thespycode.com\/wp-json\/wp\/v2\/tags?post=316790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}