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Price Hike: Cement Manufacturers Shun Reps Panel

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By Ubong Ukpong

Price Hike: Cement Manufacturers Shun Reps Panel *Get 14 Days Ultimatum to Appear or Face SanctionsBy Ubong Ukpong, Abuja Bua Cement, Lafarge, Ibeto and Dangote Cement, were among other cement manufacturers, that called the bluff of the investigative hearing by the House of Representatives into the sudden astronomical hike of cement price in the country.

Consequently, the manufacturers, alongside other institutions, were handed 14 days ultimatum to appear before the panel or face sanctions.
The public hearing held on Tuesday, was organized by a joint Committee of the House comprising the Committees on Solid Minerals, Industries, Commerce, and Special Duties, following a motion adopted by the House on the matter.
Speaking at the commencement of the investigative hearing, speaker of the House, Abbas Tajudeen, said the exercise was not a form of a witch hunt, but a way of addressing the concerns in the sector and forestalling negative consequences on the nation.The speaker said the event is a fall out of the deep concern and care the parliament has for the people they represent and the need to have a transparent engagement with all critical stakeholders in the cement industry, especially the manufacturers with the sole view of informing Nigerians what is exactly happening within this sector, and possibly come out with resolutions as to how we can navigate through and out of this.The speaker said further that the unabated high cost of cement has impacted negatively not only on the built environment but also on the economy, adding that this is obvious because cement is the major component used for building and construction.He said It is public knowledge that the Housing deficit in Nigeria is over three million (3,000.000) and therefore the need for the government and the private sector to close the huge gap in the price of cement must be affordable and within reach.He said: “While one may attribute the rise in prices of cement and of course other commodities to the exchange rates, it is commendable that the policies of this administration of the renewed hope mantra have started yielding fruits, as Naira has gained remarkable strength to a dollar in the last three weeks.He assured that the parliament is working hard in putting the right legislation to help promote and encourage industrialization as well as small and medium enterprises in place, we are equally open and willing to work hand in hand both with manufacturers and the end users, this, in our belief, is the surest way to improve on the quality of life and standard of living of the citizens.“We are equally leaving no stone unturned to put the right laws in place that could help checkmate the avoidable excesses that brought us to where we are.”

Chairman of the House Committee on Solid Minerals, Hon. Jonathan Gaza Gbwefi said there was the need to de-emphasize the notion created by some Companies that committees of Parliament have no powers to invite private outfits to appear before it.He said: “It is on record that there is no Order of the Courts presented restraining the Committee from exercising its functions under section 88(2)(b) of the 1999 Constitution as amended.“The committees of parliament have always set up Public Hearings to extract evidence from the Public to guide it in taking decisions on matters that have direct bearing on the citizens such as this.“However, an entity recognised as private under the law does not oust in entirety the Powers of the Committee to investigate its affairs especially when the attainment of the objectives of said entity heavily relies on the Resources of the populace.“Let me also reiterate the objectives of the Legislative Powers and Privileges Act sections 4,5,6 and 7 on the Powers of committees to invite, investigate and summon any person to extract evidence on any matter, whether it’s public or private. Most especially when the matter affects the citizens and the people for which they represent”.The lawmaker said that a recent review of cement prices in other countries like Kenya, India and Zambia for 2021 alone shows that Nigeria has the highest price of cement using the official exchange rates for each Country.He said: “Nigeria’s price of cement doubles that of India at a difference of 69%, similarly the price is 29% higher than that in Kenya and 39% higher in Zambia. Hence the need for us to come together and find out why. In order to bring succor to our citizens while protecting investors alike.“Our concern is for all legitimate businesses especially cement production Companies in Nigeria to thrive and deliver their objective and services to the people in such a manner that can foster development.“It is against this backdrop that I beckon all stakeholders once again to feel free and interact with the members of the parliament as this discussion may be what the sector has been longing for, to unlock the potentials and prospects of the future.”

POLITICS

Assembly Passes Edo N675bn 2025 Budget for Assent 

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The Edo House of Assembly on Monday passed the state 2025 budget of N675 billion for assent.

The passage followed the adoption of the report of the House Committee on Budget and Project Monitoring at plenary in Benin.

Presenting the report, the chairman of the committee, Sunday Fada, (PDP Esan Central) said the budget was made up of N225 billion recurrent expenditure and N451 billion capital expenditure.

Fada noted that the committee came up with the increase in the budgetary allocation to enable the governor carry out his five points agenda in the state.

The House at the committee of Supply, considered the budget clause by clause and subsequently, approved the increase from N605.

7 billion to N675 billion.

The Speaker, Blessing Agbebaku, thereafter directed Mr Yahaya Omogbai, the clerk of the house to forward clean copies of the budget to the governor for his assent. (NAN)

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POLITICS

Poverty, Behind Deadly Stampedes Across Nigeria, says Falana

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Missing N500bn: Probe CBN, Falana, Others Tell PMB
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By Mike Odiakose, Abuja

Human rights lawyer, Femi Falana, SAN, on Sunday attributed the deadly stampede that claimedmore than 105 lives in stampedes during food and cash distribution events to “poverty-induced neoliberal economic policies” and “criminal negligence.

In a statement released on Sunday, Falana, who chairs the Alliance on Surviving COVID-19 and Beyond ASCAB, demanded justice for victims of the tragic events, saying, “These tragic events are a national shame, the victims were not just statistics but human beings driven to desperation by systemic poverty and the gross incompetence of those entrusted with their safety.

On December 21, 12 people died and 32 others were injured in Okija, Anambra State, during a scramble for rice distributed by a philanthropist.

On the same day, a stampede at Holy Trinity Catholic Church in Maitama, Abuja, resulted in the deaths of 10 individuals, including children, as over 3,000 people jostled for palliatives.

Just two days prior, on December 19, 35 children lost their lives in a stampede at a Christmas funfair at an Islamic High School, Basorun. in Ibadan, Oyo State.

“The loss of these innocent lives is heart-wrenching,” Falana lamented.

“It underscores the indignity that poverty imposes on our people.”

Falana also criticized the elite for their treatment of the poor during such events, stating, “No member of the elite invites others to lunch by throwing the food,” and condemned what he termed “class prejudice” in the distribution of humanitarian aid.

He also announced plans to mobilize lawyers to pursue civil suits against the organizers of these events.

“We will ensure survivors and families of the deceased are adequately compensated,” Falana affirmed. “Those responsible for these avoidable tragedies must be held accountable.”

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2025 budget: LP Chieftain Lauds Tinubu for Diving Priority to Security, Others

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Dr Ayo Olorunfemi, National Deputy Chairman of the Labour Party (LP) ,has commended  President Bola Tinubu for giving  priority to security and other key sectors in the 2025 Appropriation Bill .

Olorunfemi gave the commendation while speaking with newsmeon Thursday in Lagos.

NAN reports that the President had on Wednesday  presented  the N47.

9 trillion 2025 Appropriation Bill , christened “Budget of Restoration, Securing Peace and Rebuilding Prosperity” , to a joint session of the National Assembly .

The President listed highlights of the 2025 budget allocations to include: defense and security: N4.91 trillion; infrastructure: N4.06 trillion; Health: N2.

48 trillion and Education: N3.52 trillion.

Reacting , Olorunfemi  described security as an enabler of development.

He called on the President to ensure proper implementation ,saying budgets had always been well-crafted but usually lacked monitoring and implementation.

“There is nothing that can happen if there is no security. This is good if the budget is properly utilised for the purpose.

“Our problem is not about policies and budgets, it is about monitoring and implementation.

“There is nothing wrong in bringing a budget proposal forward in terms of expectation, what we want to do, how we want to do it, and how much we want to spend.

“Now, the most important thing is the implementation,, budgets in Nigeria have always been properly crafted,” the LP boss said.

Olorunfemi called on the President to build strong institutions to prevent sabotaging of his policies.

“If this government wants to do anything, it must wake up to the responsibility of monitoring policies and ensure  severe penalty for anyone who attempts to sabotage such policies.

“We need institutions that no one will be able to interfere with. We must allow these institutions to work, that is what we expect.

“Once we have strong institutions, most of our problems are solved,” he said.

He  also called on the President to take steps to address  the problems experienced by Nigerians in the banking sector.

Olorunfemi  decried the inability of many Nigerians to get cash at  bank’s Automated Teller Machines and the high charges paid  to get cash from Point of Sales (POS) operators.

The LP boss also urged the President to devise ways of  ending multiple taxations and high fuel price, describing them as major causes  of  hardship .

Recalled that the President said that the budget was a demonstration of government’s commitment to stabilising the economy, improving lives and repositioning the country for greater performance.

He also said the budget sought to consolidate the key policies instituted to restructure the economy, boost human capital development, increase the volume of trade and investments and bolster oil and gas production. (NAN)

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