In a bid to combat the soaring prices of cement and other essential commodities, the federal government is contemplating reopening the borders to allow for increased importation, as announced by the Minister of Housing and Development, Arc Ahmed Dangiwa, in Abuja on Tuesday.
The closure of borders was initially implemented to bolster local manufacturing, particularly within the cement industry. However, with the persistent reluctance of manufacturers to reduce prices despite having access to key input materials such as limestone, clay, silica sand, and gypsum domestically, the government is exploring alternative measures to mitigate the financial burden on consumers.
Minister Dangiwa emphasized the importance of patriotism among manufacturers, citing examples of companies like BUA cement, which have demonstrated a willingness to adjust prices in line with government directives. He urged other manufacturers to follow suit and alleviate the economic strain on citizens.
Responding to challenges raised by manufacturers regarding production costs, particularly regarding gas prices and equipment acquisition, Minister Dangiwa underscored the need for a collective effort to address these issues. He highlighted the government’s interventions, including the cessation of cement importation, aimed at bolstering local production and stimulating economic growth.
However, he cautioned that failure to cooperate with government initiatives could result in adverse consequences, including a potential downturn in business viability and employment opportunities if borders were reopened for mass importation.
The minister’s remarks signal the government’s proactive stance in addressing the ongoing economic challenges faced by citizens and the business community. As discussions continue, stakeholders are hopeful for a collaborative approach to stabilize prices and ensure sustainable economic development.
