Umahi Urges Cement Manufacturers to Cut Prices Now

On a recent Sunday, David Umahi, Nigeria's Minister of Works and Housing, delivered a keynote address where he called on cement manufacturers to immediately reduce their prices. He warned that the current pricing regime imposes a heavy burden on ongoing infrastructure projects and increases demand for contract variations.

Umahi's remarks came during the unveiling of Lafarge Africa's new corporate identity following its acquisition by the Chinese-based Huaxin Group. He stated that the government would begin formal engagement with cement manufacturers starting July 1, 2026, to address the persistent challenges posed by high cement prices.

Umahi insisted that manufacturers must take responsibility for reducing costs rather than expecting the government to adjust project contracts to reflect rising material prices. He noted that the Tinubu administration is heavily investing in infrastructure, creating significant opportunities for manufacturers and contractors across the construction value chain.

Umahi expressed confidence that the government's infrastructure agenda would stimulate economic growth and improve national competitiveness.