The House of Representatives Joint Committee investigating the hike in cement prices in Nigeria has again raised concerns over the comparatively high cost of cement, noting a 69 per cent difference compared to prices in India.
The Representatives therefore issued a 14-day ultimatum to Dangote Cement, Bua Cement, Lafarge Cement, Ashaka Cement and Eagle Cement to appear before its joint committee and make brief on the arbitrary rise in the price of cement across the country.
The Chairman, House Committee on Solid Minerals, Jonathan Gaza Gbefwi, issued the summon at a public hearing to investigate the Arbitrary Increase in the price of cement in Nigeria by cement manufacturers, organised by House Joint Committees on Commerce, Industry, Special Duties and Solid Minerals in Abuja on Tuesday.
Gaza Gbefwi, also expressed dismay at the disparity in prices when compared to other African nations such as Kenya and Zambia, while highlighting an analysis of cement prices in 2021 which revealed…
Source: Leadership Newspaper
