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Cement hits N9,500 per bag in Lagos months after BUA crashed price to N3,500

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Cement hits N9,500 per bag in Lagos months after BUA crashed price to N3,500

The price of a 50kg bag of cement has soared to around N9500 in many retail outlets in Lagos further exacerbating the effects of inflation in the country.

Checks by Nairametrics in many retail shops in Lagos reveals that since January, the price has risen from around N6,000 to N6,500 to over N9000 as of today.

The sporadic rise in the price of the product has made some retailers halt selling fearing they might see increased prices in the near future.

A cement retailer in Ikorodu who wished to remain anonymous said he has stopped selling since this Monday and still waiting for his distributor to provide the current price.

He stated, “I stopped selling around Monday, my distributor has not given me new market price. She told me to wait for now.”

Another retailer lamented about the increase in the price on sales stating that there has been a significant drop in sales since January when the volatility in cement prices began.

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According to her, “January and February is our peak sales period but everywhere is just quiet. N9000 for a bag of cement is too expensive and would discourage people from starting any project.”

BUA’s N3,500 per bag mere lip service

The increase in the price of cement cuts across major cement producers in Nigeria- Dangote cement on the average sold for N9,500. On the other hand, BUA cement retailed for N9,000 while some shops sold Elephant cement for N9,500.

Of particular interest is the increase in the price of BUA cement whose Chairman, Abdulsamad Rabiu had stated that the company will peg the price of BUA cement at N3,500 after a meeting with President Tinubu in October.

The increase in the price of cement syncs with a projection by Cardinal stone that stated that the price of cement will stay high in 2024 due to producers increased operational cost.

In its financial report for Q3, 2023, Dangote cement recorded an increase of 33% in operation expenses when compared to the previous year.

An earlier statement by the Cement Producers Association of Nigeria had warned that cement prices may hit N9,000 from around N5000 then over the federal government’s insistence on building roads with concrete.

Cement hits N9,500 per bag in Lagos months after BUA crashed price to N3,500

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President Tinubu Mourns 32 NAF Personnel in Ondo Jet Crash, Orders Immediate Probe

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President Tinubu Mourns 32 NAF Personnel in Ondo Jet Crash, Orders Immediate Probe
President Bola Ahmed Tinubu

President Tinubu Mourns 32 NAF Personnel in Ondo Jet Crash, Orders Immediate Probe

President Bola Ahmed Tinubu has expressed profound grief over the crash of a Nigerian Air Force ATR-42 aircraft near a naval base in the Igbokoda area of Ondo State, which claimed the lives of all 32 personnel on board.

The tragic incident occurred on Monday morning when the aircraft, on a routine mission from Benin to Lagos, went down shortly before reaching its destination. The victims include 25 passengers and seven crew members.

In a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, the President described the incident as “a painful moment for our Armed Forces and for the entire nation.”

“Our Air Force personnel put their lives on the line every day to secure Nigeria. Their sacrifice will never be forgotten,” Tinubu said.

The President extended his deepest condolences to the families of the deceased, the Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, and the entire Nigerian Air Force community.

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President Tinubu revealed that he had received a briefing from the Chief of Air Staff and has directed an immediate and thorough investigation into the cause of the crash to prevent future occurrences.

“I have directed the Nigerian Air Force to immediately commence a thorough investigation into the cause of the crash to prevent future occurrences,” he stated.

The President commended the Nigerian Air Force for activating an immediate Search and Rescue operation following the accident, as well as the swift response of first responders and the Ondo State Government at the crash site.

“I pray for the repose of the souls of the gallant officers and for Almighty God to grant their families and the Nigerian Air Force the fortitude to bear the unfortunate loss,” Tinubu said.

He further assured the Nigerian Air Force of the continued support of his administration as they continue their vital role in securing the nation.

The crash marks one of the deadliest air disasters involving Nigerian military personnel in recent years, casting a shadow over the nation’s security apparatus. The Nigerian Air Force is expected to release further details as the investigation gets underway.

President Tinubu Mourns 32 NAF Personnel in Ondo Jet Crash, Orders Immediate Probe

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BREAKING: Many Feared Dead as Helicopter Crashes in Ondo Community

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BREAKING: Many Feared Dead as Helicopter Crashes in Ondo Community

BREAKING: Many Feared Dead as Helicopter Crashes in Ondo Community

Several people are feared dead after a helicopter crashed in Igbokoda, headquarters of Ilaje Local Government Area of Ondo State, on Monday.

The incident occurred in the riverine community, triggering panic among residents as efforts began to establish the circumstances surrounding the crash and the fate of those on board.

Early reports indicate that the aircraft came down in a swampy area opposite a naval base in Igbokoda. The helicopter was reportedly badly damaged, with one local official saying military equipment was found at the scene.

The Chairman of Ilaje Local Government Area, Maurice Oripelaye, confirmed the crash when contacted by journalists but said the number of people aboard the aircraft could not immediately be established.

He reportedly said the helicopter had been burnt extensively, making it difficult to determine the number of occupants or confirm their identities.

The circumstances surrounding the crash remained unclear as of Monday afternoon. It was also not immediately established whether the aircraft was operated by the military, a private company or another organisation.

Some reports described the aircraft as a suspected military helicopter, based on the military equipment reportedly recovered from the crash site. However, authorities had not officially confirmed the identity or operator of the aircraft.

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The Ondo State Police Command also had not immediately confirmed the incident. Police spokesperson Abayomi Jimoh was reported to have said he was unaware of the crash when contacted and would make inquiries.

Reports from the community indicated that residents moved towards the crash area following news of the incident, while efforts were reportedly underway to assess the wreckage and establish whether there were survivors.

The number of people on board remains unknown, and no official casualty figure had been released at the time of filing this report.

The crash occurred in Ilaje, one of Ondo State’s major riverine and oil-producing areas. Igbokoda serves as the headquarters of the local government and is surrounded by waterways and swampy terrain.

The location is also used for logistics and transportation activities connected to the coastal and oil and gas industry, where helicopters are sometimes deployed to transport personnel and equipment.

The reported crash has renewed attention on the safety challenges associated with helicopter operations in Nigeria’s coastal areas, although the cause of Monday’s incident remains unknown.

Authorities are expected to establish the identity of the aircraft, its operator, flight route, number of occupants and the circumstances that led to the crash.

The Nigerian Safety Investigation Bureau (NSIB) is responsible for investigating aviation accidents and incidents within its jurisdiction, and further official information is expected as authorities assess the crash site.

For now, residents and families awaiting information about possible occupants are left without confirmed casualty figures or details of those involved.

Further updates are expected from the relevant security, aviation and emergency-response authorities as the investigation and recovery efforts continue.

BREAKING: Many Feared Dead as Helicopter Crashes in Ondo Community

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Supreme Court Ruling: INEC Moves to Clarify Fate of 2027 Candidates

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Supreme Court Ruling: INEC Moves to Clarify Fate of 2027 Candidates

Supreme Court Ruling: INEC Moves to Clarify Fate of 2027 Candidates

The Independent National Electoral Commission (INEC) has said it will determine how the recent Supreme Court ruling on the Electoral Act 2026 affects candidates after reviewing the certified true copy of the judgment.

The development has heightened uncertainty among some political parties and 2027 election candidates, particularly those whose nominations could be scrutinised over party membership registers and the procedures used to conduct their primaries.

The Supreme Court, in its September 24 judgment, restored Sections 77(5), 77(6), 77(7) and 84(2) of the Electoral Act 2026, which had earlier been struck down by the Court of Appeal. The provisions deal principally with political party membership registers and candidate nomination procedures.

Under Section 77(5), only members whose names appear on a party’s membership register submitted to INEC at least 21 days before a primary, congress or convention are eligible to participate in the exercise.

Section 77(6) requires parties to use the membership register submitted to INEC for their primaries, congresses and conventions, while Section 77(7) provides consequences for a party that fails to submit its register within the prescribed period.

Section 84(2), meanwhile, provides for the nomination of candidates through direct primaries or consensus.

The Supreme Court’s decision did not name or automatically disqualify any individual candidate. Questions surrounding particular nominations are expected to depend on the facts of each case, including party membership records, the timing of registration or defection and how the relevant primary was conducted.

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INEC has therefore refrained from announcing a blanket decision on candidates whose nominations could be affected.

The commission is expected to engage political parties and other stakeholders on October 6, while also addressing the issue publicly as preparations continue for the 2027 general elections. INEC is also expected to publish the final list of governorship and State House of Assembly candidates on October 10.

Several candidates have already attracted attention because of circumstances surrounding their party membership or nomination.

Among those mentioned are Kingsley Chinda, the APC governorship candidate in Rivers State; Isa Pantami, the PDP governorship candidate in Gombe State; Donald Duke, the PRP presidential candidate; Ovie Omo-Agege, the NDC senatorial candidate in Delta Central; and Victor Ochei, the NDC candidate for Delta North.

In Chinda’s case, questions have centred on the timing of his movement from the PDP to the APC and whether his membership status complied with the restored provisions before the party’s governorship primary.

The Rivers APC has maintained that Chinda registered with the party on April 27, ahead of the May 21 primary, and therefore met the relevant 21-day requirement.

Pantami’s case is also subject to separate legal proceedings. He left the APC for the PDP after withdrawing from the APC governorship primary and subsequently emerged as the PDP’s candidate in Gombe. A Federal High Court ruling in Gombe had already nullified his nomination and ordered a fresh primary, meaning his situation involves issues beyond the Supreme Court judgment alone.

For Omo-Agege and Ochei, attention has focused on their movement from the APC to the NDC and the waivers granted to enable them to contest the NDC nomination exercises. Their cases raise questions about the interaction between party membership, waivers and the restored provisions of the Electoral Act.

Former Inspector-General of Police Mohammed Abubakar Adamu, the SDP governorship candidate in Nasarawa State, has also insisted that his candidacy remains valid. The SDP has said he had been a member of the party for about three months before its governorship primary.

The key issue for INEC is whether nominations conducted while the disputed provisions were temporarily invalidated will be assessed under the provisions subsequently restored by the Supreme Court.

For now, the Supreme Court judgment should not be interpreted as an automatic cancellation of the affected candidates’ tickets.

The final position will depend on INEC’s review of the judgment, the relevant party records and the specific circumstances surrounding each nomination, as well as any separate court proceedings that may arise.

With the 2027 elections approaching, the commission’s forthcoming clarification is expected to provide greater certainty for political parties, candidates and other stakeholders over the status of nominations affected by the ruling.

Supreme Court Ruling: INEC Moves to Clarify Fate of 2027 Candidates

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