BCPG Calls on Tinubu to Stop Impending Cement Price Rise in 2024

Bennett Oghifo

The Building Collapse Prevention Guild (BCPG), a non governmental organisation, has appealed to President Bola Tinubu to discuss with cement manufacturers in the country to avert an impending hike in the price of cement in January, 2024.

According to a statement issued by BCPG that was signed by their National President, Tpl. Sulaimon Yusuf, FNITP, RTP, and General Secretary, QS. Mrs. Adenike Ayanda, FNIQS, “There are feelers that cement manufacturers are planning an upward review of cement prices in early January of 2024. 

“The price of ready-mix concrete will also be increased while the cost of in-situ production of concrete will rise significantly. Such an increment, if allowed to take place, will worsen the economic situation of the nation.”

The Guild said, “Prioritising safety in the Nigerian built environment and in the general interest of the public, the BCPG passionately appeals to President Bola Ahmed Tinubu to invite cement manufacturers for an urgent discussion in order to forestall the impending increase in the price of cement.

“The president needs to interrogate the current N5,700 market price of a 50kg bag of cement despite the N3,500 price of the product recently promised by one of the cement manufacturers.

“Any further increase in the price of cement will be  a direct threat to the ‘Renewed Hope’ Housing Programme of the Federal Government. Completion of ongoing building projects might be jeopardised by the impending hike in the price of cement. “Buildings abandoned during the process of construction aggravate the risk of building collapse. With the dwindling purchasing power, new buildings might lack patronage and occupants due to high rental value.

“Cement is an essential ingredient in the production of buildings. Frequency in the increase of its price has impacted negatively in the nation’s housing sector. Experience has shown that high prices of cement tends to encourage reduction in the quality of building production. The consequence of this is the emergence of weak buildings that intensifies the occurrence of building collapse.

“Efforts made by President Tinubu while he was Governor of Lagos State at attenuating building collapse syndrome were well documented in the  BCPG records. As at the time he rounded off as the Governor of Lagos State in 2007, the market price of cement was N1,300.

“We hereby challenge the president not to relent in his past efforts at tackling  the incessant collapse of buildings. His wealth of experience gained from Lagos on solution to building collapse  should be brought to bear on the national level in order to save Nigeria from the unenviable position of a nation that records frequent incidence of building collapse in the whole world.

“It is high time our president paid serious attention to resolving the challenges of building collapse. Frequent increase in the price of cement is one of these challenges.”