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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

Kwankwaso’s Impending Defection,Welcome Development – Kano APC

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The All Progressives Congress(APC) in Kano State says the speculated impending defection of Sen. Rabiu Kwankwaso to the party is a welcome development.The Chairman of the party, Alhaji Abdullahi Abbas, stated this while addressing a press briefing in Kano on Friday.“APC as a political Institution in its Renewed Hope Agenda has embarked on the project of receiving decampees from all political parties.

“Of recent, the attention of the party has been drawn to speculations of the impending decamping of the leader of the expelled faction of the NNPP, Sen.
Kwankwaso, into the party.“This is a welcome development, especially given the fact that the APC remains his last political refuge as he has successfully destroyed his relations with all other political groupings in the country.
“Without prejudice to our desire as a party to welcome new entrants and in respect of the constitutional rights of citizens to belong to political parties of their choice.“We wish to state our position as a state chapter of our great party in Kano state,”Abbas said.He said the party had already directed its ward chapters to open registers for new decampees irrespective of their political and social statures is in line with the party’s constitution.“We advise all those desirous of joining our esteemed party to go to their respective wards and register.$Also, we want to assure our elected party officials from the ward, local government, senatorial and state levels that they will continue to function as provided by the tenure of their office in the party constitution.“For the purpose of seeking any future party or elective position, any old or new entrants, shall be free to exercise his/her constitutional rights of voting or being voted for without any special preference,” the chairman said.He, however,said that the party was fully aware that some people were desperate to join the APC.Abbas said, “This is because they have scuttled their political goodwill and have become political lepers in the national scheme of things and are looking to the APC for political relevance.”“For the avoidance of doubt, let me emphasise that the APC as a political party does not and will not encourage or promote the existence of cult-like associations in the name of political activities or groupings.“We unequivocally call on all those prospective decampees who have earlier made derogatory statements against our leaders, President Bola Tinubu and his Vice, Sen.Kashim Shettima to offer a public apology.”“This should be done as a sign of remorse, and respect for future relationships,” he added.( NAN)

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POLITICS

PDP ‘ll Not Join any Coalition, Merger, says Govs Forum

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By Johnson Eyiangho, Abuja

The Peoples Democratic Party (PDP) Governors Forum (PDPGF) met in Ibadan, the Oyo State capital on Monday and resolved that the party will not join any coalition or merger, following speculations about possible merger of political parties, groups and/or associations.

Rather, the Forum at its 2025/4th meeting, said the PDP as a major opposition party welcomes any party, persons or groups that are willing to join it with a view to wrestling power and enthroning good leadership in 2027.

The Forum reiterates its position taken in Asaba on the issue of the National Secretary of the party, when it endorsed Sunday Ude-Okoye as National Secretary.

However, in a communique at the end of meeting hosted by the Oyo State Governor, Seyi Makinde, the governors said in the wake of the Supreme Court judgment, the Forum resolved to recommend that the Deputy National Secretary acts as National Secretary, pending the nomination and ratification of a Substantive Secretary from the South East Zone and NEC respectively at its next meeting.

Also, the communique reasserted the Governors’ collective determination to avert a rape on the nation’s constitutional democracy hence their decision to approach the Supreme Court to give a clear cut verdict on the interpretation of the provisions of the law on the declaration of State of Emergency in any state.

They restated their solidarity with the suspended Governor of Rivers State, Sir Siminalayi Fubara, on the ordeal into which his state and people are being plunged by the declaration of a state of emergency. 

“And we reiterate our commitment to stand with him till the end,” the communique said.

The Forum resolved to work in conjunction with the National Working Committee (NWC) and other relevant organs of the party, to hold a NEC Meeting on the 27th of May, 2025, and constituted a Zoning Committee that will address all issues relating to zoning of party offices and hold an early convention in August 2025, “precisely on the 28th, 29th and 30th in the ancient city of Kano”.

“The Forum equally recommends the constitution of the Zoning and National Convention Committees for ratification by the NWC and NEC as follows;

“Zoning Committee: Gov. Douye Diri – Chairman; Gov. Dauda Lawal – Vice Chairman and Gov. Caleb Mutfwang – Secretary, while the National Convention Committee has Gov. Ahmadu Fintiri as Chairman; Gov. Ademola Adeleke as Vice Chairman and Gov. Peter Mbah as Secretary” the communique said.

It described as alarming the worsening security situation in the country, as evidenced in parts of the country especially Borno, Plateau, Katsina and Edo States and called for review and reordering of priorities and strategies including adopting a bottom up template that guarantees the sub-nationals to constitute an effective line of defence against security breaches. 

The communique condemned the recent attacks in Plateau State, and commiserated with the government and people of the state especially those who lost their lives and properties during recent attacks.

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NANS Lampoons Federal Lawmakers Over Proposed Mandatory Voting Bill 

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By Mike Odiakose, Abuja

The National Association of Nigerian Students (NANS) on Sunday took Lawmakers in the National Assembly to the cleaners over the proposed bill to make voting mandatory and jail Nigerians who fail to vote.

In a statement by NANS National Vice President, Inter-Campus and Gender Affairs, Akinbodunse Sileola Felicia, on Sunday in Abeokuta, described the bill as not only “ridiculous but laughable,” urging the NASS to ditch the ludicrous idea or face the wrath of Nigerian students.

The NASS had proposed a new bill titled ‘Bill for an Act to Amend the Electoral Act 2022 to Make it Mandatory for All Nigerians of Majority Age to Vote in All National and State Elections and for Related Matters.

If passed, the bill would make voting mandatory for all eligible Nigerians, marking a significant shift in Nigeria’s electoral landscape.

It proposes that any eligible voter who fails to vote without a valid reason would face a penalty, including a fine of N100,000, a six-month jail term, or both.

The bill, which has sparked heated debates across the country, according to NASS, aims to address voter apathy, a persistent issue in Nigerian elections and increase civic participation in the democratic process.

Akinbodunse, however, in the statement, said the proposed bill is a misplaced priority by the NASS and should be discarded accordingly.

She added that voting, which is a constitutional right of Nigerians who are eligible to vote, cannot be imposed on them, particularly when they strongly feel their votes don’t actually count.

Her words: “NANS views the proposed bill by the National Assembly to impose fines and a jail term on eligible Nigerians who do not vote as not only ridiculous but laughable. 

“The bill, if passed, will make Nigeria a laughing stock among the comity of nations. Where in the world is a non-participant in an election jailed or fined?

“It is unfortunate that the NASS, which is saddled with the constitutional responsibility and duty to make laws that will ensure the development of the nation and protect its citizens, is the one proposing a bill capable of strangulating the same people. 

“Instead of the NASS making laws that will strengthen our democracy and enhance the electoral processes, it has busied itself with passing a bill that will infringe on the rights of Nigerians.

“It is known by Nigerians that the country’s electoral processes are still fraught with irregularities and loopholes that give room for electoral fraud and rigging. 

“This is the area NANS expects the National Assembly to work on. Rather, it has continued to make Nigerians doubt the competence and sincerity of members of both the Senate and House of Representatives.

“This proposed bill is another comedy show from the stable of the NASS. As the umbrella body of students in the country, NANS will mobilize massively against this proposed bill aimed at imposing a needless law on Nigerians.”

Akinbodunse, who declared that NANS would mobilize massively against the proposed bill, urged civil societies, organized labour, and other stakeholders to stand against the proposed legislation, which she described as “a low one from the National Assembly.”

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