No More 7k Per Bag? See New Price Of Dangote Cement As Lawmakers Threaten To Arrest Its Management Over Price Hike
The House of Representatives Joint Committee on the Arbitrary Increase in the Price of Cement, on Tuesday, issued a stern warning to the management of Dangote Cement. The warning came after the company’ s officials failed to appear at a parliamentary hearing aimed at addressing the escalating cost of cement in the country.
During the committee’ s recent session on Tuesday, it was noted with concern that representatives from Dangote Cement, one of the leading manufacturers in the nation, were conspicuously absent.
This absence was met with disapproval by the committee, which is investigating the reasons behind the recent spikes in cement prices that have burdened many Nigerian consumers.
The Joint Committee, expressing its frustration, has now threatened to issue arrest warrants against the management of Dangote Cement if they fail to make an appearance at the next scheduled hearing.
In addition to summoning Dangote Cement, the committee has also called upon the Cement Manufacturers Association of Nigeria and representatives from the Central Bank of Nigeria.
These stakeholders are expected to discuss and help devise strategies to mitigate the impact of high cement prices.
The statement read, ” 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.
Price Of BUA Cement
The retail price of BUA cement in Nigeria is between ₦6, 600 to ₦7, 000.
Price Of Ibeto Cement
The new price of Ibeto cement in Nigeria ranges between ₦6, 300 to ₦7, 000.
Price Of Lafarge Cement
The new Lafarge cement price in Nigeria is between ₦6, 500 to ₦7, 300.
Price Of UNICEM Cement
The price of UNICEM Cement ranges between ₦6, 900 and ₦7, 500, depending mostly on the location of purchase.
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