The Nation Newspaper BUA, Ibeto, other manufacturers shun Reps investigation on arbitrary cement price increase
, and other cement manufacturers in the country on Tuesday, May 7, shunned the investigative hearing organised by the House of Representatives on the rising cost of cement in the country.
Even though The Nation could however confirm this assertion, the Joint Committee has however issued a 14-day ultimatum to the companies to appear before it. The speaker said further that the unabated high cost of cement has impacted negatively not only on the built environment but also on the economy, adding that this is obvious because cement is the major component used for building and construction.
“We are equally leaving no stone unturned to putting the right laws in place that could help checkmate the avoidable excesses that brought us to where we are.” “The committees of parliament have always set up Public Hearings to extract evidence from the Public to guide it in taking decisions on matters that have direct bearing on the citizens such as this.
The Nasarawa lawmaker said that a recent review of cement prices in other countries like Kenya, India and Zambia for 2021 alone shows that Nigeria has the highest price of cement using the official exchange rates for each Country.
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