The House of Representatives Committee investigating the arbitrary increase in cement prices has issued a stern warning to Alhaji Aliko Dangote, saying no individual or entity is above the authority of the parliament. ..Read Full Article
The joint Committees on Commerce, Industry, Special Duties, and Solid Minerals summoned the management of Dangote Cement to address concerns over the alleged price hike.
However, the absence of Dangote Cement officials during the investigative hearing prompted a strong reaction from the committee.
Leading the special panel, Rep. Jonathan Gaza emphasized the necessity of accountability, stating, “No single individual is bigger than the parliament of his country. No single Nigerian is bigger than the National Assembly.”
He expressed worry over the hardships caused by the increased cement prices and called for a downward review.
The committee directed the Cement Manufacturers Association of Nigeria and the Central Bank of Nigeria to appear within the next two weeks to discuss potential solutions to the issue.
“They want to over-profit without any sense of empathy for the citizens that have given it this platform. I think it calls for a rethink of the position of the government,” Gaza added.
The committee concluded with a clear warning: “Failure to comply with that date, a subpoena will be issued, and a warrant of arrest will be given for you to cause appearance before the National Assembly.”
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