The National Association of Block Moulders of Nigeria (NABMON) has called on the Federal Government to reduce import duties on materials used in cement production.
This move aims to attract more foreign investment and lower the high cost of cement, which currently ranges from N7,000 to N8,000 per bag.
NABMON’s National President, Mr. Adesegun Banjoko, voiced this appeal in Lagos, highlighting the need for more competitive pricing in the market.
Despite government threats to open borders to boost supply, prices have remained steep.
Banjoko emphasized the importance of reducing import duties and inviting global investors to ensure fair market-driven prices. He also advised the government to implement strategies to curb cement smuggling.
“South Africa, with a population of 60million, has 15 cement factories, and Nigeria with a population three times larger has only three cement factories, then there is still much work to be done,” he said.
“It is, however, heart-warming to our awareness that all hands are currently on deck at our research institutes and universities on cement innovations research.
“This is with a view to finding locally sourced alternative materials for cheaper, quality cement and even other building materials,” he added
