POLITICS
Reps Joint Committee Probes Dangote, Lafarge over Rising Price of Cement
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The Joint Committee of the House of Representatives investigating arbitrary rise of cement price in the country has asked major producers in the industry to tender documents on cost production to justify the price of cement in the market.
The committee resolved to visit production plants of the companies after going though their books to ascertain the cost of production with a view to determine a fair price of cement for all Nigerians.
The Chairman of the joint committee, Rep.
Jonathan Gaza (APC-Nasarawa) made the demand on Friday at a public hearing while quizzing Dangote Cement Company and Lafarge Africa PLC in Abuja.He said that the committee is interested in the cost of production from 2020 to date that justified the current price of cement which is over N10,000 in most parts of the country.
He said that the companies should give its average daily consumption of coal, gas, gypsum, limestone, clay, laterite and the average daily production of cement from 2020 to date.
Gaza said that the companies should provide details of all imported components for the production of cement and their prices from
2020 to date.
The lawmaker said that the companies should also provide details of local components for the production of cement and their prices in naira and dollars, if any, in the period under review.
He said that the companies should provide a summary of the monthly prices and quantity of cement produced from 2019 to date as well as their audited accounts of the company, bills of laden and duties paid to customs within the period under review.
Gaza also said that the companies should provide details of tax waivers and other incentives enjoyed plus gas and explosives contract details.
Rep. Dabo Ismail (APC-Bauchi state), a member of the committee, said that Dangote Cement Company had continued to make increasing profits in the country despite being able to source most of its raw materials locally.
He said that in 2022, the company declared a profit of N524 billion, N553 billion in 2023 and had so far made N166.4 billion in 2024.
The lawmaker said that there is no reason why the price of cement would keep rising in the market to the detriment of Nigerians while producers are smiling to he banks.
Earlier, the Group Managing Director (GMD) of Dangote Cement Company, Mr Arvind Pathack, had said that 95 per cent of production cost are either imported or linked to forex.
He explained that there had been,between 100 to 333 per cent increase in the price of major cement input materials like gas, AGO, gypsum, imported coal, spare parts, new trucks, tyres, petrol among others.
Pathack said that the company is made to pay in dollars, some of its contracts to access gas and explosives, saying that the provision made by the Central Bank of Nigeria (CBN) was not enough to meet demand, so they engage in international sales also source from the parallel market.
According to him, logistics issues such as deplorable state of key roads, create several issues including longer time to deliver, increase in truck maintenance and delivery cost.
The GMD explained that lack of sufficient forex to settle trade obligations had resulted to huge forex losses to a tune of N150 billion per annum, while paying 30 per cent interest rate on loans.
He said between May 2023 and June 2024, there has been over 220 per cent devaluation of the Naira among many other challenges like insecurity and public power supply.
Pathack said that the cost of building materials like reinforcement, granite and aluminum window had increased by 177 per cent to 283 per cent while cement had increase by 166 per cent between 2023 and 2024.
He said that cement was being sold at an average cost of 7,200, saying that any price over N10,000 was the handwork of retailers which the company had no control over.
According to him, when converted to dollars a bag of cement is sold at $7.8 dollars in Benin, $6.6 in Togo, $7.8 in Ghana, $4.4 in India while that of Nigeria is $4.43, making it one of the cheapest in Africa.
The committee admonished the companies to look into their policies and operations with a view to reduce the price of cement in the country.
In an interview with newsmen, the chairman of the committee expressed hope that the engagement would lead to a reduction in the price of cement.
He blamed the high price of the commodity on the inaction of Federal Competition Consumer Protection Commission (FCCPC).
Gaza said that as an agency responsible for the protection of consumers, they failed to protect Nigerians against middlemen who sold the commodity for as high as N14,000 after purchasing it for N6,000 at the factory.
“We are extremely hopeful that this engagement will lead to a reduction in the price of cement.
“FCCPC has slept on their functions so far, their inactivity and non-responsiveness to price is what has put Nigeria where we are today,” he said. (NAN)
POLITICS
PDP Crisis: Party Chieftain Faults Kogi State Congress, Seeks Redress in Court
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From Joseph Amedu, Lokoja
The Kogi State Congress of the Peoples’ Democratic Party (PDP) held last Saturday August 31, in Lokoja, has been described as ‘illegal, fraudulent, null and void’.Capt. Joe Agada rtd, who made the declaration at a press briefing in Lokoja, told newsmen that the purported state congress was illegal, lacked credibility and adherence to party guidelines.
Agada maintained that his group had concrete proofs to show that the majority of delegates at the purported congress that allegedly produced, Enemona Ayebe, as state PDP Chairman was characterised with illegality and marred with anomalies. Agada stressed that the basic bloc of the State Congress which is the Three-Man Ad-hoc Ward Delegate Congress where they were supposed to elect 717 delegates in Kogi, purportedly conducted by Rt Hon. Boyelayefa Dabekeme led committee, was marred with grave anomalies and impersonation of Returning officers from FCT, Nassarawa, Imo and Kano States.He insisted that the development compromised the integrity of the ward congress and therefore rendered the entire process null and void.He added that the delegates that allegedly produced Ayebe at the purported State Congress held on August 31, 2024, was marred with impersonation of delegates across all the 21 local government areas of the state.He noted that the guidelines for the conduct of PDP Ward, LGA, State and Zonal Congresses as well as the National Convention in PDP Constitution, for the purpose of selecting party executive committees at all levels, were jettisoned.The PDP chairmanship aspirant stressed that the accreditation at the State congress was highly manipulated and populated with non-statutory delegates across the 21 LGAs of Kogi State.Agada stressed that the PDP should not see the illegality issue as a party internal affairs, but as a matter that would be challenged in Court.According to Agada, the Supreme Court has made a distinction between processes that are called internal affairs of the party, and what the Court can inquire into.”In the 2022 judgement, the Supreme Court affirmed that where an action has not taken place, it is the internal party affairs.”But where an action has taken place, an aggrieved member of the party who has locus and concerned that a bridge of the Constitution of party guidelines has been violated by the party itself, can seek redress in court.”This is why we did not participate in the purported illegal state congress because we have a focus as we have declared our abstinence,” Agada said.He added: “We will approach the Court because the injuries done to our aspirations cannot be compensated by quantum damages in lieu of the financial compensation.”It is an interest that must be protected, hence, the need for the press briefing to alert the general public of the illegality of the kangaroo PDP state congress in Kogi”.Agada noted that the Kogi PDP Caretaker Committee Chairman, Sen. Laal Danjuma; and its Secretary, Philip Gyunka, had written to the INEC, DSS and Police, PDP NWC to notify them of the anomalies that marred the purported state congress.Agada also said that aside the illegality of the congress, the purported elected Kogi PDP Chairman Enemona Anyebe, had been debarred by the PDP Disciplinary Committee in his Ogugu ward 2, from holding any party office due to anti activities.According to Agada, Anyebe was found guilty of participating in anti-part activities by Ogugu ward 2 Disciplinary Committee on May 3, 2019, which was reconfirmed on March 20, 2024, with authentic proof.He stressed that the debarred Ayebe neglected and failed to appeal the disciplinary committee actions until August 31, when the purported state congress was held.Agada emphasised that there was a subsisting Court order restraining Anyebe from holding any party office position or participating in any elective positions at all levels including party ex-officio.”My interest in seeking to become Kogi PDP Chairman is to build the party; it is all about developing the party, and not personal interest like others.”We found this party together and we believe in the objectives of our founding fathers; we will not allow it to die in our hands.”We will approach the Court to stop the PDP National Working Committee from recognizing and ratifying any purported executive that emerged from the illegal congress in Kogi. We will follow this case to its logical conclusion,” Agada said.Agada further accused the Minister of Federal Capital Territory (FCT), Nyesom Wike of using his influence to cause crises in Kogi and 10 other States across the federation during the August 31, PDP State congress, held nationwide.”Wike is the man behind the PDP crisis in Kogi as well as 10 other States across the federation during the August 31, state congresses.”The PDP at national level has not been bold enough to sanction Wike, and one single person is holding the entire party to ransom. Wike is out to weaken and destroy PDP, and he must be stopped now.”I can tell you, if PDP goes the way it is going now, then, forget about PDP in the 2027 general elections,” Agada warned.
POLITICS
INEC Urges CSOs to Scrutinise Political Parties, SIECs
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The Independent National Electoral Commission (INEC) has called on Civil Society Organisations (CSOs) to extend their scrutiny to the activities of political parties and State Independent Electoral Commissions (SIECs).
CSO’s scrutiny will promote transparency and accountability in electoral processes, deepen democracy and enhance the conduct of local government area elections in Nigeria.
INEC Chairman, Prof.
Mahmood Yakubu, made this appeal when the Nigeria Civil Society Situation Room, led by its Convener, Mr Yinusa Z Ya’u, visited the commission’s office on Thursday in Abuja.Yakubu commended CSOs’ contributions to improving Nigeria’s electoral democratic process but stressed the need for them to engage other stakeholders to deepen democracy.
“Remember, most of the improvements that you see in the conduct of elections are as a result of the activism of the civil society but sometimes, the civil society is quiet about other elections.”
He emphasised that flawed primary elections and local government elections can undermine the entire electoral process.
“Take the conduct of party primaries for instance. Political parties conduct primary elections and INEC conducts secondary elections.
“So, the most important process is actually the primaries conducted by political parties. It is the candidates they present that we put on the ballot.
“Citizens can only choose from the candidates presented by political parties,” he said.
Yakubu urged CSOs to scrutinise political parties’ primary elections and SIECs’ conduct of local government elections, as these have a direct impact on the quality of candidates and the electoral process.
“Elections are conducted at the local government level by the SIECs and they declare all the candidates of the ruling party winners. Yet, we don’t hear anything from the civil society.
“At INEC, we appreciate constructive criticisms. It is an ingredient for change. But we want all the components of elections to be alright.
“We cannot have one component going right and another going another way.”
The Team Leader of the Civil Society Situation Room, Yau, noted that his organisation shares a common interest with INEC in consolidating democracy and conducting elections in Nigeria.
He highlighted the group’s efforts in mobilising citizens for Permanent Voters’ Card (PVC) collection and promoting peaceful polls in Edo.
Yau also affirmed the group’s commitment to urging political parties to play by the rules and not undermine the electoral process.
NAN)
POLITICS
TDF Faults NLC Over Tinubu’s Purported Betrayal on Fuel Price
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The Democratic Front (TDF) has faulted the Nigeria Labour Congress (NLC) over claims that President Bola Tinubu betrayed or deceived them on fuel price to arrive at the N70,000 minimum wage.
TDF added that Labour and government mutually negotiated and agreed on the minimum wage.
Malam Danjuma Muhammad, the Chairman of TDF, said this in a statement in Abuja on Thursday.
He said the President could not have been emphatic and decisive on the pump price of fuel in a deregulated market.
He said: “We are disappointed with the often repeated wrong postulations of the Joe Ajaero-led NLC against the government and person of President Tinubu”.
He added that most of what the NLC said could not add up, stressing that the negotiation of the minimum wage was never debated as a condition on how much fuel would be sold.
He said that Tinubu never hid his desire or pretended over his preference to make the ideals and philosophy of a liberal free-market economy the focal point of his economic transformation agenda
“As a matter of fact, he announced an end to the age long petroleum subsidy regime in an unprecedented fashion during his inaugural speech on May 29, 2023.
This, according to him, is to herald commencement of the end of state-controlled economic policies and protectionism in the Nigeria investment ecosystem.
He said, that he believed that Tinubu would not, for whatever reason, give personal guarantee or assurance to anybody or group, on a specific price of fuel in Nigeria.
He added that the President knew that in the absence of government subsidy, such prices were solely determined by the unpredictable dynamics of market forces.
“We, therefore, view the accusations against Tinubu by Ajaero as untrue and a ridiculous attempt to blackmail the President.
” We understandably note that the withdrawal of fuel subsidy by the government has compelled the NNPCL to respond to the dictates of market forces.”
This, according to him, is in order to cope with the logistics of importing refined petroleum into the country.
” The increase in the pump price is to accommodate the landing cost of the product.”
He said that TDF expected fuel price to crash with the expected infusion of locally refined fuel from Dangote Refinery into the Nigerian market.(NAN