The prices of cement in the last four months has risen to a record high. First it was attributed to the rumoured maintenance in the production plant of UNICEM in Calabar. Then the event that led into the nationwide end SARS protest completed the price hike.
Although, it was all middle-man effect, as there was no price hike from the cement manufacturers. There was however, jubilation as the price of the commodity started to return to normal after the protest ended. You would recall that there are different in prices of cement in different states of the federation, with Benue having one of the highest, despite hosting one of Dangote’s plants.
It is based on this, as lamented by the good people of Benue State that Benue Investment and Property Company Limited (BIPC) has commenced the sale of the commodity at 3000 Naira. According to the report as monitored from the company’s Facebook handle, the company aim is “To Stomp Marketers from extorting Benue Citizens”.
The post reads “Benue Investment and Property Company Limited (BIPC) has commenced the sale of Dangote Cement at an affordable retail price of Three Thousand Naira Only (#3000) to the general public.”
According to the marketer, they aim at alleviating the hardship the middle-men has inflicted on the people as they sell at 5000 Naira per bag. It was reported on Idoma Voice, an Idoma media company, that the people of the state are not happy with the prices of cement in their state, stating that even though the commodity is being produced in their state they still buy at ridiculous highest price.
On that note, the managing director of the company, Barr. Alex Ter Adum said “It is unfortunate that prices of cement is high in the state even though it is being produced here in the state. So we want to participate in the market so we could control it for the overall benefit of our people”. He added that Benue Investment Company decided to venture into the cement business in order to control the price of the commodity.