Cement: Reps knock Alake, Dangote, BUA, others over failure to honour invitation

committee investigating the increase has ordered the Minister of Solid Minerals Development, Dele Alake committee investigating the increase has ordered the Minister of Solid Minerals Development, Dele Alake , to appear before the committee after failing to appear, yesterday.

Cement prices have risen by 100 per cent in the last three years to a record N7,000 to N8,000 on the back spiralling inflation in the country. Worried about the failure of the relevant stakeholders to attend its investigative hearing yesterday, the lawmakers directed that Alake should appear on Tuesday, May 21, 2014, while Dangote, BUA, Ibeto and others are to appear on Monday, May 20, 2024.

He emphasised the importance of the public hearing and the need to de-emphasise the notion created by some companies relevant to the investigation that committees of parliament had no powers to invite private outfits. Since the Federal Government privatised the electricity sector, the Nigerian Electricity Regulatory Commission has implemented the Multi-Year Tariff Order over five times.

The National Union of Market Traders Employers of Nigeria has pledged to address challenges affecting traders in the markets.

Dangote Cement Dele Alake

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