The House of Representatives Joint Committee investigating the increase in cement prices in the country has issued a directive to manufacturers, including Dangote Cement, BUA Cement, and Lafarge Africa.
Thank you for reading this post, don't forget to subscribe!Jonathan Gaza, the Chairman of the Committee, said that the manufacturers must provide a detailed breakdown of production costs to justify the recent increase in bag cement prices.
The lawmakers noted that although cement prices in the North and some other states have reduced to N8,000 after selling for as high as N13,000 to N15,000, depending on the brand, residents in some states still pay as much as N10,000 per bag.
Reps demand an explanation for cement prices
He stressed that the committee needed the information to have a clear idea of the challenges faced by the manufacturers and why it is important to increase cement prices, Newstelegraph reports.
