Cement Price: House of Reps Summon BUA, Dangote, Others

Following the sudden rise in the price of cement in the country, the house of representatives has summoned Dangote Cement, BUA and other companies to appear within the next 14 days.

The companies were invited for the investigative hearing on Tuesday but it was gathered that non of them showed up for it.

The House established a joint committee comprising members from the committees on solid minerals, Commerce, Industry, and Special Duties to look into the sudden rise in cement prices in Nigeria by cement producers. The House has requested the presence of the Minister of Solid Minerals Development, Dele Alake, before the committee as he was absent on Tuesday.

As it stands, the house of reps has instructed the minister to attend on Tuesday, 21st of May, while cement companies like Dangote, BUA, IBETO, and other relevant parties are required to attend on Monday, the 20th of May, 2024.