Nigerian House of Representatives investigates rising cement prices, issues 14-day ultimatum to manufacturers.

The Nigerian House of Representatives is investigating the rising cement prices, which they view as harmful to the economy. Cement manufacturers, including Dangote Cement, BUA, and Ibeto, were given a 14-day ultimatum to appear before a joint House Committee. The House is considering legislation to address the issue, as cement is a fundamental component in construction and the housing deficit in Nigeria stands at 16.9 million.

May 07, 2024
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