Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

House of Representatives Investigates Cement Price Hike

Nnaemeka OkwarabyNnaemeka Okwara
July 20, 2024
in Government
0
House of Representatives Investigates Cement Price Hike
Share on FacebookShare on TwitterShare on Whatsapp

The National Assembly has embarked on an investigation into the continuous hike in cement prices in the country. The joint committee tasked with the investigation has summoned major cement producers, including Dangote Cement Company and Lafarge Africa Plc, to provide detailed information on their cost of production.

Johnathan Gaza, the committee chairman, aims to determine a fair price for cement and ensure that Nigerians are not exploited by the industry. The companies have been asked to submit documents to ensure a complete audit of their cost of production, including the cost of raw materials, labour, and other expenditures, as well as their average daily consumption of key inputs like coal, gas, and gypsum.

The investigation follows concerns that cement prices have drastically increased in recent years, with a bag of cement now costing over N10,000 in some parts of Nigeria. The committee is determined to get to the bottom of the price hike and ensure that the industry operates transparently and fairly.

 

Dangote Cement and Lafarge Africa representatives were interrogated on Friday during a panel hearing.

They both attributed the price hike to economic challenges facing the country. They also mentioned of high cost of raw materials, high cost of transportation, and foreign exchange losses.

However, the committee remains doubtful, noting that the companies have continued to make significant profits despite the challenges. The committee has also criticized the Federal Competition Consumer Protection Commission (FCCPC) for failing to protect consumers from exploitation by the industry

Tags: Cementfederal charactergovernmentHouse of RepresentativesHouse of Representatives Investigates Cement Price HikeNewsNigeriaPrice hike
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Appeals Court Rules Against Trump in Birthright Citizenship Battle
Government

Appeals Court Rules Against Trump in Birthright Citizenship Battle

October 5, 2025
Minimum Wage, Maximum Debate: Florida Pushes Toward $15
Government

Minimum Wage, Maximum Debate: Florida Pushes Toward $15

October 5, 2025
Baltimore City Offering Grants to Redevelop Vacant Homes
Government

Baltimore City Offering Grants to Redevelop Vacant Homes

October 4, 2025
Next Post
Outrage Erupts Over Farouk Ahmed’s Comments on Dangote Refinery

Outrage Erupts Over Farouk Ahmed’s Comments on Dangote Refinery

France Government Recalls Polluted Olympic Water Bottles

France Government Recalls Polluted Olympic Water Bottles

Cryptocurrency Industry Roots For Trump’s Victory

Cryptocurrency Industry Roots For Trump's Victory

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Musk and Trump Attack USAID, Call It ‘Criminal’

Elon Musk Rejects Buying TikTok As US Ban Looms

8 months ago
Dissolved Benue Exco Takes APC NWC to Court

Dissolved Benue Exco Takes APC NWC to Court

1 year ago
James Brown’s Diaper Fashion Sparks Controversy

James Brown’s Diaper Fashion Sparks Controversy

1 year ago
Children Trapped in Pakistan Gondola After Cable Snaps Above Ravine

Children Trapped in Pakistan Gondola After Cable Snaps Above Ravine

2 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Diddy Booked For Miami Gigs Despite 10yr Sentence

Haaland Fires Man City Past Brentford to Keep Title Chase Alive

Russell Wins in Singapore as McLaren Seal Constructors’ Title

Kylie Jenner Just Wore a ‘Naked’ Paper Dress, and It’s the Boldest PFW Trend

Mary Njoku Drops Advice for Men Navigating Postpartum Changes in Partners

Should Liverpool Be Worried or Is This Just a Phase?

Trending

Imisi Crowned Winner of BBNaija Season 10
Entertainment

Imisi Crowned Winner of BBNaija Season 10

byAyobami Owolabi
October 5, 2025
0

Imisi has been crowned the winner of Big Brother Naija Season 10, securing the N150 million grand...

Maryland Pays $340m To Conowingo Dam Owner

Maryland Pays $340m To Conowingo Dam Owner

October 5, 2025
Appeals Court Rules Against Trump in Birthright Citizenship Battle

Appeals Court Rules Against Trump in Birthright Citizenship Battle

October 5, 2025
Diddy Booked For Miami Gigs Despite 10yr Sentence

Diddy Booked For Miami Gigs Despite 10yr Sentence

October 5, 2025
Haaland Fires Man City Past Brentford to Keep Title Chase Alive

Haaland Fires Man City Past Brentford to Keep Title Chase Alive

October 5, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Imisi Crowned Winner of BBNaija Season 10
  • Maryland Pays $340m To Conowingo Dam Owner
  • Appeals Court Rules Against Trump in Birthright Citizenship Battle

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com