The Minister of Works, David Umahi, has called on cement manufacturers in Nigeria to reduce the price of cement, warning that the current high cost is increasing the burden on infrastructure projects across the country.
Umahi made the appeal during the unveiling of the new corporate identity of Lafarge, which has now been rebranded as HBM following its integration into the HUAXIN Group. The event took place at the Lagos Continental Hotel in Lagos and was attended by business leaders, investors, and industry stakeholders.
Speaking at the ceremony, the minister said the federal government would begin discussions with cement producers from July 1 to address the issue of rising cement prices. According to him, contractors handling government projects have continued to request contract reviews because of the increasing cost of building materials, particularly cement.
Umahi stressed that rather than adjusting contract values, manufacturers should review their pricing structures and make cement more affordable.
He said the government expects major producers, including HBM and other cement companies, to support national development efforts by lowering costs and helping infrastructure projects remain financially sustainable.
The minister explained that the administration of President Bola Tinubu is investing heavily in roads, bridges, and other critical infrastructure, creating significant opportunities for manufacturers and suppliers across the country.
According to him, the scale of ongoing projects means that cement producers stand to benefit greatly from increased demand. He therefore encouraged companies to expand their production capacity to meet the growing needs of the construction sector.
Umahi also congratulated HBM on its rebranding and reaffirmed the government’s willingness to work closely with the company. He noted that Nigeria’s infrastructure drive is creating a larger market for construction materials and urged the company to position itself for future growth.
Highlighting some of the government’s achievements, the minister pointed to the Lagos-Calabar Coastal Highway as one of the flagship projects under President Tinubu’s Renewed Hope Agenda.
He described the highway project as a major symbol of the administration’s commitment to transforming the country’s infrastructure network. According to him, the project has attracted international attention due to its scale and quality.
Umahi revealed that international evaluators who assessed the project were impressed by its standards and potential impact on economic development. He added that neighboring countries have shown strong interest in the technology and engineering methods being deployed on the coastal highway.
The minister expressed confidence that ongoing infrastructure investments would stimulate economic growth, improve connectivity, and create jobs for Nigerians.
He also used the occasion to commend President Tinubu for providing the leadership needed to drive large-scale development projects across the country. According to Umahi, the administration remains focused on delivering its vision for economic transformation and national prosperity.
He assured Nigerians that the government is committed to completing key infrastructure projects and restoring confidence in the nation’s economy.
The minister concluded by expressing optimism that with strong collaboration between government and the private sector, Nigeria can achieve sustainable growth while improving the quality of life for its citizens.
