The House of Representatives has decided to investigate the rise of cement prices by summoning the major cement manufacturers in the country – Dangote Cement and BUA Cement.
Their invitation became necessary after the price of cement increased abruptly in Nigeria, causing a lot of concern.
The price of a 50kg bag of cement has increased to N10,000 in most parts of the country, which is twice the previous price of N5,000, in just the last three months.
READ ALSO: FG Summons Dangote, Bua, Others Over Rising Price of Cement
Despite an agreement with the government to sell at a price range of N7,000 to N8,000 per bag in February, cement manufacturers have continued to sell at the higher price.
The House has therefore asked the relevant committees to investigate and find out why the price has increased so much, especially since the cost of producing cement has not gone up greatly.
Furthermore, the House has called for the resumption of the National Social Investment Programme, which was suspended due to management scandals.
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