Nigeria: Cement Price - Nigerian Lawmakers Summon Dangote, BUA, Others

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Nigeria: Cement Price - Nigerian Lawmakers Summon Dangote, BUA, Others
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The manufacturers are to appear before the entire House to brief the lawmakers on the 'arbitrary increase in cement price.'

The manufacturers are to appear before the entire House to brief the lawmakers on the 'arbitrary increase in cement price."

The manufacturers are to appear before the entire House to brief the lawmakers on the 'arbitrary increase in cement price'.Moving the motion, Mr Gbefwi said there is no reason for price increment because most of the input used for the manufacturing of cement, like lime, silica, alumina, iron oxide, and gypsum -- are all sourced locally and not affected by exchange rate volatility.

"The increase is a direct affront and sabotage of President Bola Ahmed Tinubu administration's effort to bring comfort to the populace and should be resolved immediately," Mr Gbefwi added.

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