{"id":110585,"date":"2024-02-16T16:33:01","date_gmt":"2024-02-16T15:33:01","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=110585"},"modified":"2024-02-16T16:33:01","modified_gmt":"2024-02-16T15:33:01","slug":"reduce-cost-of-cement-lift-ban-on-ibeto-ipob-tells-tinubu","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/reduce-cost-of-cement-lift-ban-on-ibeto-ipob-tells-tinubu\/","title":{"rendered":"Reduce cost of cement, lift ban on Ibeto, IPOB tells Tinubu"},"content":{"rendered":"<div class=\"adn ads\" data-message-id=\"#msg-f:1791054680755604656\" data-legacy-message-id=\"18db1abe23bd0cb0\">\n<div class=\"gs\">\n<div class=\"\">\n<div id=\":18u\" class=\"ii gt\">\n<div id=\":18v\" class=\"a3s aiL \">\n<div dir=\"auto\">\n<div dir=\"auto\">The Indigenous People of Biafra, IPOB, has called on President Bola Ahmed Tinubu to lift the ban on Ibeto cement and reduce the cost of cement in the country.<\/p>\n<p>The group made this known in a statement by its spokesperson, Emma Powerful on Friday morning.<\/p>\n<p>IPOB noted that BUA and Dangote cements have been favoured by the Nigerian government, saying that Ibeto group was selling cement at a very low price.<\/p>\n<p>The group said: \u201cBack 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.<\/p>\n<p>\u201cBut 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.<\/p>\n<p>\u201cThese prices are outrageous because capitalists have the backings of the government through monopoly to reap people off. If care is not taken, many Nigerians will become homeless in the next five (5) years, while the capitalists will keep making more money.<\/p>\n<p>\u201cHow can a country with over 200 million people allow only two companies to monopolize cement business in Nigeria? Since Dangote and BUA can\u2019t help reduce the price of cement and other building materials, someone like Ibeto group with the capacity to bring down the price of cement should be given back his license to enter back into the Nigerian building materials market.<\/p>\n<p>\u201cIf Ahmed Bola Tinubu, the President of Nigeria, is interested in reducing the strangling price of cement and other building materials, he should contact\u00a0 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.<\/p>\n<p>\u201cIn conclusion, if President Bola Almed Tinubu is interested in curtailing the soaring price of cement, he should reverse the policy of Olusegun Obasanjo and bring back Ibeto cement into the Nigerian market.\u201d<\/p>\n<div class=\"yj6qo\"><\/div>\n<div class=\"adL\"><\/div>\n<\/div>\n<\/div>\n<div class=\"adL\"><\/div>\n<\/div>\n<\/div>\n<div class=\"hi\"><\/div>\n<div class=\"WhmR8e\" data-hash=\"0\"><\/div>\n<\/div>\n<\/div>\n<div class=\"ajx\"><\/div>\n<\/div>\n<div class=\"gA gt acV\">\n<div class=\"gB xu\">\n<div class=\"ip iq\"><\/div>\n<\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Indigenous People of Biafra, IPOB, has called on President Bola Ahmed Tinubu to lift the ban on Ibeto cement and reduce the cost of cement in the country. The&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":108598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-110585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reduce cost of cement, lift ban on Ibeto, IPOB tells Tinubu - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/reduce-cost-of-cement-lift-ban-on-ibeto-ipob-tells-tinubu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reduce cost of cement, lift ban on Ibeto, IPOB tells Tinubu - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Indigenous People of Biafra, IPOB, has called on President Bola Ahmed Tinubu to lift the ban on Ibeto cement and reduce the cost of cement in the country. 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