Real Estate

House Moves against Cement Manufacturers, Vows to Checkmate Price Hike

The House of Representatives has vowed to leave no stone unturned to put the right laws in place that could help checkmate the avoidable excesses and hike in cement prices as witnessed recently.

The Speaker of the House, Tajudeen Abass, made this known yesterday, in Abuja at a public hearing on the investigation on the unabated rising prices of cement in Nigeria.

He noted that the event was a fall out of the concern and care the parliament has towards the people whom they are representing and the need to have a transparent engagement with all critical stakeholders in the cement industry especially the manufacturers.

This, the Speaker said, was aimed at informing Nigerians on exactly what was happening within this sector, and possibly come out with resolutions as to how they could navigate through.

Abass added: “To state the fact, the unabated high cost of cement has impacted negatively not only on the built environment but also on the economy, this is obvious because cement is the major component use for building and construction, such as; bridges, dykes, Houses, water works, Dams, Road Construction among others.”

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