Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • ‘I Cannot Guarantee Your Safety’, Edo Governor Warns Peter Obi Over Unannounced Visits
    • In Kano, Tinubu Mourns Dantata, Hails His Integrity, Lifelong Philanthropy
    • How Civil Servants Diverted World Bank Cash For Schools Hit By Boko Haram – ICPC
    • AGF Denies FG’s 25% Share Acquisition In First Bank Holdings
    • Labour Party NEC Elects Nenadi Usman As Interim National Chairperson
    • Goronyo Commissions Remodelled National Engineering Centre In Abuja
    • Tinubu Arrives In Kano For Dantata’s Condolence Visit
    • Tinubu Appoints IBB’s Son, Muhammad As Chairman Bank Of Agriculture, Others To Head Federal Agencies
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    • HOME
    • NEWS

      ‘I Cannot Guarantee Your Safety’, Edo Governor Warns Peter Obi Over Unannounced Visits

      July 18, 2025

      In Kano, Tinubu Mourns Dantata, Hails His Integrity, Lifelong Philanthropy

      July 18, 2025

      How Civil Servants Diverted World Bank Cash For Schools Hit By Boko Haram – ICPC

      July 18, 2025

      AGF Denies FG’s 25% Share Acquisition In First Bank Holdings

      July 18, 2025

      Labour Party NEC Elects Nenadi Usman As Interim National Chairperson

      July 18, 2025
    • COLUMN

      Musings On Muhammadu Buhari – By Azu Ishiekwene

      July 17, 2025

      Today, We Give Way To Our Readers To React – By Dr Hassan Gimba

      July 14, 2025

      Is The World Shutting Its Door To Nigeria? – By Dr Dakuku Peterside

      July 14, 2025

      The Salvo From Boss Mustapha – By Kazeem Akintunde

      July 14, 2025

      Land Grab: Why Uni-Abuja Needs Presidential Protection – By Martins Oloja

      July 14, 2025
    • EDUCATION

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024

      FULL LIST: Tinubu Appoints Former SGF Yayale, Ex-Governor Yuguda, Muhammad Abacha, Jega In Universities’ Governing Councils

      May 18, 2024
    • INTERNATIONAL

      Israel Kills Three In Gaza Catholic Church Sheltering Elderly, Children

      July 17, 2025

      Iraq Shopping Mall Fire Kills Over 60 Persons, Mostly Women, Children

      July 17, 2025

      Three Killed As Israel Bombs Syrian Defence Ministry, Near Presidential Palace

      July 16, 2025

      Russia Seizes $150 Million Cocaine Haul Hidden In Banana Shipment

      July 16, 2025

      Mass Casuality Attack In Gaza As Israel Guns Down Starving Palestinians

      July 15, 2025
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      Liverpool Close In On Bundesliga Star, Ekitike In £70m-Plus Deal

      July 17, 2025

      Super Falcons, Zambia Clash Friday In WAFCON Quarter-Final

      July 16, 2025

      Real Madrid’s Bellingham To Miss 12 Weeks After Shoulder Surgery

      July 16, 2025

      Super Eagles’ Forward, Awoniyi Returns To Full Training After Surgery, Induced Coma

      July 15, 2025

      Barca Star Yamal Faces Probe Into Dwarf Entertainers At 18th Birthday

      July 15, 2025
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    Home - Reps Ask Dangote, Lafarge To Justify Cement Price Hike

    Reps Ask Dangote, Lafarge To Justify Cement Price Hike

    By Abdullahi Maitama SaniJuly 20, 2024
    Reps 4

    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, Jonathan Gaza (APC-Nasarawa) made the demand on Friday at a public hearing while quizzing Dangote Cement Company and Lafarge Africa Plc in Abuja.

    UBA

    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.

    WIDGET ADS

    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.

    Thomas Sankara African Leadership Prize

    He said that the companies should provide a summary of the monthly prices and guantity of cement produced from 2019 to date as well as their audited accounts of the company, bills of ladan 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.

    Nigerian TAX Reform - Federal Goverment

    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 have so far made N166.4 billion in 2024.

    The lawmaker said that there is no reason why the price of cement will keep rising in the market to the detriment of Nigerians while producers are smiling to he banks.

    National Orientation Agency Page UP
    National Orientation Agency - Down

    Earlier, the Group Managing Director, Dangote Cement Company, Arvind Pathack, 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.

    Cement Hike Dangote Reps
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    ‘I Cannot Guarantee Your Safety’, Edo Governor Warns Peter Obi Over Unannounced Visits

    July 18, 2025

    In Kano, Tinubu Mourns Dantata, Hails His Integrity, Lifelong Philanthropy

    July 18, 2025

    How Civil Servants Diverted World Bank Cash For Schools Hit By Boko Haram – ICPC

    July 18, 2025

    AGF Denies FG’s 25% Share Acquisition In First Bank Holdings

    July 18, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    ‘I Cannot Guarantee Your Safety’, Edo Governor Warns Peter Obi Over Unannounced Visits

    July 18, 2025

    In Kano, Tinubu Mourns Dantata, Hails His Integrity, Lifelong Philanthropy

    July 18, 2025

    How Civil Servants Diverted World Bank Cash For Schools Hit By Boko Haram – ICPC

    July 18, 2025

    AGF Denies FG’s 25% Share Acquisition In First Bank Holdings

    July 18, 2025

    Labour Party NEC Elects Nenadi Usman As Interim National Chairperson

    July 18, 2025
    Advertisement
    WIDGET ADS
    News Point NG
    © 2025 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp