Cement Price: Nigerian lawmakers summon Dangote, BUA, others

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The manufacturers are to appear before the entire House to brief the lawmakers on the ‘arbitrary increase in cement price.'

EXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalThe dawn of a new order, By Opeyemi BamideleEXCLUSIVE: Northern senators move against Akpabio over alleged N4trn budget paddingClimate change, extreme weather, conflict exacerbate global food crisisThe manufacturers are to appear before the entire House to brief the lawmakers on the ‘arbitrary increase in cement price.

The lawmaker claimed that all factors of production and “elements of the cement production flow chart are also sourced locally and have not changed significantly year-on-year”. Speaking in support of the motion, Aliyu Madaki said the “arbitrary” price increase by manufacturers is nothing but “corruption and abuse of power”.Also speaking in support of the motion, Sada Soli countered the argument of monopoly in the cement manufacturing sector, noting that the sector is already liberal.

 

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