Nigeria’s House of Representatives on Wednesday summoned major cement producers, including Dangote Cement, BUA Cement, and Lafarge Africa, to a hearing regarding the recent surge in cement prices. Lawmakers expressed concern over the “arbitrary increase,” which has seen a 50% jump in some areas, pushing a 50kg bag of cement to around N10,000 ($23 USD).
This action follows a motion presented by representatives Gaza Jonathan Gbefwi and Ademorin Kuye.
The House resolution was sequel to the adoption of a motion titled “Arbitrary increase in the price of cement by manufacturers of cement in Nigeria,” raised by the duo.
