The Indigenous People of Biafra (IPOB) has called on President Bola Ahmed Tinubu to lift the ban on Ibeto cement so that price of cement in the country would come down.
The group made this known in a statement by its spokesperson, Emma Powerful on Friday morning.
Powerful was speaking in the light of the current price hike of cement across the country.
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The IPOB spokesmen noted that BUA and Dangote cements have been favoured by the Nigerian government. He maintained that Government banned Ibeto group because he was selling cement at a very low price.
Reminiscing the old good days, he said: “Back then, prices of cement and other building materials were very affordable because of competition. Even civil and public servants with low minimum wages were able to build houses.
“But as soon as Ibeto and others were pushed out of business the price of cement started soaring out of the reach of the common man. Currently, a bag of cement is sold for almost N12,000, while 12mm of iron rod is sold at N13,000.
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If care is not taken, many Nigerians will become homeless in the next five (5) years. While the capitalists will keep making more money.
“How can a country with over 200 million people allow only two companies to monopolize cement business in Nigeria? Since Dangote and BUA can’t help reduce the price of cement, someone like Ibeto group should be brought in. Because he has the capacity to bring down the price of cement.
He, therefore, urged the government to give him back his license to enter back into the Nigerian building materials market.
“If Ahmed Bola Tinubu, the President of Nigeria, is interested in reducing the strangling price of cement and other building materials, he should contact Ibeto and other patriotic company owners of building materials for help immediately.
“Ibeto group has the capability to crash the price of cement and other building materials in Nigeria. President Tinubu should lift the ban on Ibeto cement so that he can freely compete with Dangote and BUA cement.
“In conclusion, if President Bola Almed Tinubu is interested in curtailing the soaring price of cement, he should reverse the policy of Olusegun Obasanjo.
“Bring back Ibeto cement into the Nigerian market so that the prices of cement and building materials will come down.”
