Connect with us

POLITICS

Reps Joint Committee Probes Dangote, Lafarge over Rising Price of Cement

Published

on

Share

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

2027: Ahmadiyya Leader Sees Hope in Adewole Adebayo if Youths Organise

Published

on

Share

By Mike Odiakose, Abuja

The Amir and National Head of the Ahmadiyya Muslim Jama’at of Nigeria, Alatoye Abdulazeez, has urged Nigerian youths to unite politically and strategically, identifying Adewole Adebayo as a potential leader capable of driving national transformation if given collective support.

Speaking during an interview, Abdulazeez emphasized that Nigeria’s progress hinges largely on the ability of young people to organize themselves beyond tribal, religious, and financial inducements, and to rally behind credible leadership.

According to him, while several young candidates have emerged in past elections, their failure to build strong alliances allowed older political forces to maintain dominance.

He noted that the case of Adebayo, a lawyer and businessman who contested under the Social Democratic Party (SDP), presents an opportunity for a different political direction if youths can act in unity.

“If the younger generation is sure that Adewole Adebayo can deliver, they should team up with him, get things right, and encourage other youths across tribes to see themselves as one,” Abdulazeez said.

He stressed that Nigeria is currently in what he described as a “storming stage” of nationhood, where divisions along ethnic and regional lines continue to hinder development.

He warned that unless a “national norm” is established—where citizens prioritize unity over sectional interests—the country may struggle to reach its full potential.

The cleric further advised youths to avoid electoral inducement and reject divisive politics, urging them instead to focus on long-term nation-building.

“We must move from where we are to the next stage. Otherwise, we will keep moving in the same direction,” he added.

Beyond politics, Abdulazeez reiterated the Ahmadiyya motto, “Love for All, Hatred for None,” as a guiding principle for national cohesion, stressing that religion should be a force for peace rather than division.

He condemned terrorism and violence carried out in the name of religion, insisting that such acts contradict Islamic teachings.

On governance, he acknowledged efforts by President Bola Ahmed Tinubu, noting that while progress has been made in some areas, more attention is needed in critical sectors such as power and economic management.

Abdulazeez concluded with a call for collective responsibility among citizens, particularly the youth, to reshape Nigeria’s future through unity, moral discipline, and active participation in governance.

“Leadership is not just about those in office,” he said. “It is also about those who choose them.”
End

Continue Reading

POLITICS

ENSIEC Fixes 2026 Council Election Timetable Sept 26

Published

on

Share

 From Sylvia Udegbunam, Enugu

The Enugu State Independent Electoral Commission (ENSIEC) have released a revised timetable for the 2026 local government elections.

ENSIEC Chairman, Prof. Christian Ngwu, presented the updated schedule to journalists in Enugu.

Ngwu said the framework outlines activities leading to elections on Sept.

 26 and re-run polls on Oct.
10.

He explained the adjustments followed the repeal of the Electoral Act 2022 and enactment of the Electoral Act 2026.

 “The revised timetable aligns with the new law and other relevant statutes guiding elections in the state,” he said.

He recalled ENSIEC earlier issued a notice on Aug. 20, 2025 alongside an initial timetable.

According to him, party primaries will be held from Jan. 23 to May 26.

“Campaigns will begin on April 29 and end on Sept. 25, 24 hours before polling,” Ngwu added.

He said submission of nomination forms closes on May 29, while candidates’ particulars will be published on June 19.

“The final list of candidates will be released on July 27,” he stated.

Ngwu added that submission of polling agents ends on Aug. 31, while the official notice of poll comes on Sept. 11.

He confirmed elections will be held on Sept. 26, with voting from 8:00 a.m. to 3:00 p.m. using the open secret ballot system.

 “In case of inconclusive results, re-run elections will be conducted on Oct. 10,” he said.

Ngwu stressed the timetable was issued under the commission’s constitutional mandate and in compliance with the Electoral Act 2026.

Continue Reading

POLITICS

Nigeria’s Democracy Must Thrive, Obasanjo, Jonathan Declare

Published

on

Share

By David Torough, Abuja

Former Presidents Olusegun Obasanjo and Goodluck Jonathan have issued a strong call for national unity, institutional reforms, and economic transformation, warning that Nigeria’s future depends on collective responsibility and a democracy that delivers tangible results.

Both leaders, who spoke at separate high-level engagements on Thursday, converged on a common message: Nigeria stands at a critical crossroads and requires urgent, coordinated action from citizens, leaders, and institutions.

At the 6th Annual Colloquium marking the 65th birthday of Itua Ighodalo, Obasanjo stressed that no external force would fix Nigeria’s problems unless Nigerians themselves unite across divides.

Represented by Prof. Adedeji Daramola, he emphasised that nation-building is a shared duty requiring contributions from all segments of society.

“Until we come together to work and fix Nigeria, nobody will fix it for us,” Obasanjo declared, urging citizens—from grassroots traders to political elites—to take ownership of the country’s development.

He highlighted the importance of youth inclusion, describing young people as central to Nigeria’s future, and called for greater investment in technology and innovation to harness the country’s demographic advantage.

Echoing reformist sentiments, economist Eghosa Osagie advocated for increased local production, while Opeyemi Adamolekun of Enough is Enough Nigeria criticised the commercialization of politics. Technology investor Iyinoluwa Aboyeji pointed to infrastructural imbalances, noting that digital connectivity remains heavily concentrated in Lagos.

Meanwhile, at a policy convening in Abuja organised by the Goodluck Jonathan Foundation, Jonathan underscored the need to align democracy with economic growth to ensure its sustainability.

He warned that democracy, both globally and in Nigeria, faces increasing pressure from economic hardship, insecurity, and declining public trust. According to him, elections alone are insufficient without transparent institutions and policies that foster innovation and enterprise.

Jonathan raised concerns about governance effectiveness, comparing Nigeria’s democratic system with alternative models in countries like China and the United Arab Emirates, where structured leadership selection and economic progress have been notable.

Despite this, he maintained that freedom and justice remain democracy’s defining strengths, cautioning that any system that fails to uphold these values loses its legitimacy.

“Our democracy has endured, but endurance alone is not enough,” Jonathan said, stressing that economic performance is key to sustaining public confidence.

Both leaders agreed that Nigeria must not choose between democracy and development but instead ensure that both reinforce each other. They urged policymakers, civil society, and the private sector to act decisively in bridging governance gaps and delivering inclusive growth.

The convergence of views from the two former presidents reflects a growing consensus among stakeholders that Nigeria’s progress hinges on unity, accountable leadership, youth empowerment, and a democratic system capable of improving the lives of its citizens.

Continue Reading

Advertisement

Top Stories

NEWS1 hour ago

Joseph Undu Bags National Safety Personality Award in Lagos

ShareBy David Torough, Abuja Award-winning Nigerian journalist and security analyst, Joseph Saater Undu, has been shortlisted for the prestigious Safety...

Uncategorized11 hours ago

FG Reaffirms Commitment to ACReSAL Project at Mid-Term Review in Kaduna

ShareBy David Torough, Abuja The Federal Ministry of Water Resources and Sanitation has reaffirmed its commitment to the successful implementation...

NEWS23 hours ago

Mutfwang Holds Close Door with Former State Governors

ShareFrom Jude Dangwam, Jos Plateau State Governor, Caleb Mutfwang has convened a strategic meeting with former governors of the state towards addressing the security challenges bedevilling the state. The meeting held...

SPORTS23 hours ago

Lobi Stars Trim Squad to Push for Promotion

ShareThe Nigerian National League (NNL) side, Lobi Stars Football Club of Makurdi, has trimmed its squad and retained a few quality players to push for promotion to the...

Foreign News23 hours ago

Pope Criticises ‘Tyrants’ Who Spend Billions on Wars after Trump Spat

SharePope Leo has criticised leaders who spend billions on wars and said the world was “being ravaged by a handful of tyrants” in unusually forceful comments during a...

Entertainment/Arts/Culture23 hours ago

Nigerian Men Scared of Bold, Confident Women, Phyna Claims

ShareFormer Big Brother Naija winner, Josephine Otabor, popularly known as Phyna, has claimed that she is still single because Nigerian...

NEWS24 hours ago

Residents Decry Persistent Power Outage in Abuja Community

ShareBy Raphael Atuu, Abuja Residents of Waru District in Apo, within Nigeria’s Federal Capital Territory, are raising the alarm over what they...

NEWS24 hours ago

2027: Tinubu Meets Coordinators, Renews Plea for Unity, Rule of Law

ShareBy David Torough, Abuja                         President Bola Tinubu has called for unity, resilience and renewed commitment to nation-building, urging Nigerians to...

NEWS24 hours ago

Gunmen Abduct 14 UTME Candidates in Benue Enroute Exams Centre

ShareFrom Attah Ede, Makurdi A wave of concern has trailed the ongoing Unified Tertiary Matriculation Examination (UTME) nationwide following the...

NEWS1 day ago

Army Honours Fallen Heroes as Brig. Gen. Braimah, Others Laid to Rest in Maiduguri

ShareFrom Muhammad Muhammad Al-amin, Maiduguri The Nigerian Army has conducted a solemn burial ceremony for Brigadier General Oseni Braimah, Captain...