Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has urged manufacturers in the construction industry to lower the prices of building materials in the interest of the Nigerian people. According to a statement from the Apex bank, Emefiele made this appeal on Thursday in Sokoto, at the Commissioning Ceremony of the three million metric ton Cement Plant by the BUA Group.
“Permit me to seize this opportunity to appeal to our manufacturers in the construction sector to take urgent action in bringing down the prices of building materials in Nigeria. Indeed, there have recently been calls by construction companies, urging cement and steel manufacturers to do something about the skyrocketing prices of these two essential items in the construction sector. This sector is one of the major sectors in the economy helping to create employment and boost growth in our country”, said Emefiele.