Saturday, May 18, 2024

We will introduce legislation to check high cost of cement – Reps


The Home of Representatives has assured that it will put laws in place to checkmate the extreme hike within the worth of cement.

The Speaker of the Home Tajudeen Abass said this on Tuesday in Abuja at a public listening to on the investigation of the unabated rising price of cement in Nigeria.

He famous that the general public listening to was aimed toward informing Nigerians on precisely what is going on inside this sector and probably popping out with resolutions as to how they may navigate by means of.

The Speaker lamented that the unabated excessive price of cement has impacted negatively not solely on the development sector but in addition on the financial system.

Abbas mentioned, ”It’s in public information that the housing deficit in Nigeria is over 3 million, saying for the federal government and the personal sector to shut the massive hole, the worth of cement have to be reasonably priced and inside attain.

“Let me guarantee you that the parliament is working exhausting in placing the appropriate laws to assist promote and encourage industrialisation in addition to small and medium enterprises in place.

“We’re equally open and prepared to work hand in hand each with producers and the top customers, this, in our perception, is the surest means to enhance the standard of life and way of life of the residents.

“We’re equally leaving no stone unturned to place the appropriate legal guidelines in place that would assist checkmate the avoidable excesses that introduced us to the place we’re.”

Earlier, the Chairman of the Committee on Strong Minerals, Jonathan Gaza assured that the general public listening to was not a witch-hunt however an open dialogue to seek out lasting options to the issue inside the constructed surroundings.

The committee mentioned its evaluation of cement costs in different nations like Kenya, India and Zambia for 2021 alone confirmed that Nigeria has the very best worth of cement utilizing the official alternate charges for every nation.

Read more

Local News