The Minister of Works, Senator David Umahi, has expressed concern over the rising cost of cement and other construction materials, despite ongoing government reforms that are gradually stabilising the economy.
Speaking with journalists during his weekend inspection tour of the Abuja–Obajana Junction road in Kogi State, Umahi said the surge in cement prices posed a serious challenge to the government’s ambitious infrastructure drive.
According to him, while President Bola Tinubu inherited an economy where “everything became a priority,” his administration has given roads and bridges top consideration as critical enablers of growth.
He noted that the sector remains pivotal to the nation’s GDP expansion, even as other sectors depend on it for support.
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“Inflation is coming down even though construction materials are going up, and we don’t know why. The dollar is being stabilised, but the price of cement has moved from ₦7,500 to ₦9,500. Same with shipping, same with sand. You need to help me find out why”, he asked.
Umahi likened the situation to a paradox in physics, where water behaves unusually at minus four degrees, suggesting that the market dynamics of building materials defy economic logic.
Despite the challenge, he applauded government reforms for gradually yielding results, citing the decline in food prices as a positive signal of recovery.
“We are doing the best that we can under the circumstances. And we are happy that food prices are coming down,” he added.