Cement Price: Reps warn manufacturers

The House of Representatives has issued a stern warning to cement manufacturers in response to the escalating prices of the commodity.
This development comes amid growing concerns about the impact of rising construction costs on the housing market and overall economy.

In a session held on Monday, members of the House expressed their dissatisfaction with the current pricing strategies employed by cement producers. They highlighted the need for immediate intervention to prevent further economic strain on Nigerians, particularly those in the construction sector.

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The lawmakers called on manufacturers to implement fair pricing and ensure that cement remains affordable for all citizens. They warned that failure to comply with this directive could result in legislative actions aimed at regulating the industry more strictly.

This move by the House of Representatives underscores the government’s commitment to addressing the challenges faced by consumers and ensuring a stable economic environment.