{"id":73724,"date":"2022-10-06T15:20:38","date_gmt":"2022-10-06T14:20:38","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert"},"modified":"2022-10-06T16:43:20","modified_gmt":"2022-10-06T15:43:20","slug":"cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert","title":{"rendered":"Cement prices may rise over Dangote plant shutdown in Kogi \u2013 Expert"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Reactions have continued to trail the shutdown of Dangote Cement plants in Obajana, Kogi State, over a faceoff between the company and the state government on Wednesday.<\/p>\n

The General Manager, Corporate Communications at the Dangote Group, Sunday Esan, confirmed the incident, describing it as an invasion.<\/p>\n

But, the Commissioner for Information in the state, Kingsley Fanwo, said the shutdown was due to the company\u2019s inability to tender evidence of land acquisition validity.<\/p>\n

In the midst of this faceoff, an economic analyst has called for a quick resolution while stating the economic implication.<\/p>\n

Reacting to the development in an exclusive chat with DAILY POST, an economic expert and former President, Chartered Institute of Bankers of Nigeria, Prof Segun Ajibola, said cement prices might rise nationwide following the shutdown of Dangote Cement plants in Kogi State.<\/p>\n

He said, \u201cIf supply dip, while demand remains constant, the natural occurrence is for prices to go up.\u201d<\/p>\n

He explained that \u201ccement affects virtually everything man does, construction of roads, building, bridges, houses, the shut down has far-reaching economic implications.<\/p>\n

\u201cDangote Cement is part of the Dangote Conglomerate that has been operating for decades in Kogi State. The Dangote I know will not allow this crisis to linger because of its seriousness.\u201d<\/p>\n

He urged both parties to quickly resolve the matter for the betterment of Nigeria\u2019s economy.<\/p>\n

Meanwhile, the disruption received knocks from members of the host community in Kogi State.<\/p>\n

The spokesman for the Oyo mining host community, David Oluruntoba, disclosed that the action by the Kogi State Government would only spoil the existing good relationship between the company and its host community.<\/p>\n

He said, \u201cThey called us to join them. But I told them that the company has not offended us. We just signed a Community Development Agreement (CDA) and the company has been helping us and providing us with jobs. What has the government done for us, nothing. There is no basis to support the government.\u201d<\/p>\n

Cement retails at N3,600 to N4,200 per bag, depending on the brand and location.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Reactions have continued to trail the shutdown of Dangote Cement plants in Obajana, Kogi State, over a faceoff between the company and the state government on Wednesday. The General Manager, Corporate Communications at the Dangote Group, Sunday Esan, confirmed the incident, describing it as an invasion. But, the Commissioner for Information in […]<\/p>\n","protected":false},"author":84,"featured_media":73723,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,30,28,26],"tags":[1570,2140,1233,396,254],"class_list":["post-73724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-dangote","tag-kogi","tag-nigeria"],"yoast_head":"\nCement prices may rise over Dangote plant shutdown in Kogi \u2013 Expert - Nigeria<\/title>\n<meta name=\"description\" content=\"Reactions have continued to trail the shutdown of Dangote Cement plants in Obajana, Kogi State, over a faceoff between t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cement prices may rise over Dangote plant shutdown in Kogi \u2013 Expert\" \/>\n<meta property=\"og:description\" content=\"Reactions have continued to trail the shutdown of Dangote Cement plants in Obajana, Kogi State, over a faceoff between t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-06T14:20:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-06T15:43:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_9-633ef775f2595.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1401\" \/>\n\t<meta property=\"og:image:height\" content=\"1050\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cement prices may rise over Dangote plant shutdown in Kogi \u2013 Expert\",\"datePublished\":\"2022-10-06T14:20:38+00:00\",\"dateModified\":\"2022-10-06T15:43:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert\"},\"wordCount\":362,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/10\/postQueueImg_9-633ef775f2595.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Dangote\",\"Kogi\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/cement-prices-may-rise-over-dangote-plant-shutdown-in-kogi-expert\",\"name\":\"Cement prices may rise over Dangote plant shutdown in Kogi \u2013 Expert - 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