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House of Representatives threatens action against Cement manufacturer over price hike

House of Representatives threatens action against Cement manufacturer over price hike

The House of Representatives Joint Committee investigating the sudden rise in cement prices has issued a stern warning, threatening to take legal action against Dangote Cement’s management if they fail to attend the next hearing.

The committee’s frustration stemmed from Dangote Cement’s absence at the recent hearing aimed at resolving the issue of skyrocketing cement prices in Nigeria.

Expressing deep concern over the financial burden imposed on Nigerians by the price hikes, the committee emphasized the urgent need for a downward revision of cement prices.

Furthermore, the committee instructed the Cement Manufacturers Association of Nigeria and the Central Bank of Nigeria to appear before them within the next two weeks. They intend to discuss and devise measures to alleviate the situation and provide relief for the populace.


They said: “They want to over-profit without any sense of empathy for the citizens that have given it this platform. I think it calls for a rethink of the position of the government.

“On Dangote my ruling is simple. The laws have given us the necessary powers but we owe you a duty of care. We are going to give you one more chance. We are going to communicate a date.

“Failure to comply with that date, a subpoena will be issued, a warrant of arrest will be given for you to cause appearance before the National Assembly, and no single individual is bigger than the parliament of his country.
No single Nigerian is bigger than the National Assembly.”

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