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Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed.
The Nigerian government has summoned all cement manufacturers in the country to a meeting with the Minister of Works, David Umahi, over escalating retailing prices of the product in the market. This was disclosed in a statement by the Special Adviser to the Minister, Edward Uchenna Orji, on Saturday. SaharaReporters had reported on Friday that the costs of cement jumped as much as 30% as fresh increases in prices and associated products were implemented recently by distributors across the country.
The cost of cement has jumped as much as 30% as fresh increases in prices and associated products were implemented recently by distributors across the country. Nigeria is one of the largest producers of cement on the continent, but the price of cement continues to rise, especially this year over the high inflation that impacted the building materials market. In Kubwa, Bwari area of Federal Capital Territory, a 50 kilograms bag of Dangote cement has surged to between N8,600 and N9,600, while BUA sells between N8500 and N9500.
Mr John Gabaya, the Chairman of the Bwari Area Council of the FCT, on Wednesday presented a budget of N22 billion for 2024 to the council’s legislature for approval.Speaking at the ceremony, Gabaya said that the budget was made up of N14. 9billion capital expenditure and N7.1 billion recurrent expenditure.He gave the sectorial allocations of
Filling stations, particularly those operated by independent marketers, now dispense Premium Motor Spirit, popularly called petrol, at prices that are higher than the bands approved by the Federal Gov