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Reps Demand Document On Cost Of Production From Cement Manufacturers

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…blame FCCPC for its laxity causing price increase 
 
By Gloria Ikibah 
 
The House of Representatives Joint Committee investigating the “Arbitrary Increase Of Cement Price In The Country” has requested for documents on cost of production from major manufacturers in the industry to justify the price of the commodity in the market.
 
The Committee criticised the Federal Competition Consumer Protection Commission (FCCPC) for its slackness and inefficiency which significantly contributed to the high cost of the commodity.
 
This was as the Group Managing Director (GMD) of Dangote Cement Company, Arvind Pathack, and Managing Director of Lafarge Cement, Ibrahim Aminu, were queried by the joint panel chaired by Rep. Jonathan Gaza on Friday.
 
“We want to make sure they bring the total documents we requested to ascertain their day to day production to be able to have a good idea of how much it actually costs to produce a bag of cement,” Gaza said.
 
The committee resolved to visit production plants of the companies after going through their books to ascertain the cost of production with a view to determine a fair price of cement for all Nigerians. 
 
The Chairman therefore assured that the efforts of the Committee would see the reduction of the price of cement for the benefit of Nigerians as soon as possible.
 
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.
 
Rep. 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, their prices in naira and dollars if any in the period under review and a summary of the monthly prices and quantity of cement produced from 2019 to date, as well as their audited accounts of the company, bills of laden and duties paid to customs within the period under review.  
 
Rep Gaza also said that the companies should provide details of tax waivers and other incentives enjoyed plus gas and explosives contract details.
 
The Committee also frowned at excuses of the high cost of foreign exchange by the companies as one of the reasons for the increasing price of cement.
 
The members of the Committee said this was not tenable as most of the materials for production of cement are sourced locally.
 
A member of the Committee, Rep. Dabo Ismail, 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 was no reason why the price of cement will keep rising in the market to the detriment of Nigerians while producers are smiling to the banks. 
 
Earlier, the Group Managing Director (GMD) of Dangote Cement Company, Arvind Pathack said that 95 per cent of production cost are either imported or linked to foreign exchange.
 
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.
 
Pathack said that the company is made to pay for some of its contracts in dollars to access gas and explosives for production .
 
According to him, the provision made by the Central Bank of Nigeria (CBN) was not enough to meet demand so they engage in international sales also sourced from the parallel market.
 
Adding that logistics issues such as deplorable state of key roads, creates several issues including longer time to deliver, increase in truck maintenance and delivery cost.
 
The GMD explained that lack of sufficient forex to settle trade obligations had resulted in huge forex losses to a tone of N150 billion a per annum while paying 30 per cent interest rate on loans. 
 
He noted that between May 2023 and June 2024, there has been over 220 per cent devaluation of the Naira among many other challenges like insecurity and public power supply. 
 
Pathack said that the cost of building materials like reinforcement, granite and aluminium window had increased by 177 per cent to 283 per cent while cement had increased by 166 per cent between 2023 and 2024.
 
He said that cement was being sold at an average cost of 7,200 saying that any price over N10,000 was the handwork of retailers which the company had no control over.
 
According to him, when converted to dollars a bag of cement is said at $7.8 dollars in Benin, $6.6 in Togo, $7.8 in Ghana, $4.4 in India while that of Nigeria is $4.43, making it one of the cheapest in Africa.
 
The committee admonished the companies to look into their policy and operations with a view to reduce the price of cement in the country.
 
Rep. Gaza blamed high price of the commodity on the inaction of Federal Competition Consumer Protection Commission (FCCPC).
 
He said that as an agency responsible for the protection of consumers, they failed to protect Nigerians against middlemen who sold the commodity for as high as N14,000 after purchasing it for N6,000 at the factory.
 
“We are extremely hopeful that this engagement will lead to a reduction in the price of cement.
 
“FCCPC has slept on their functions so far, their inactivity and non responsiveness to price is what has put Nigeria where we are today,” he said.
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INEC set to publish details of 2027 Presidential, National Assembly candidates on August 1

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The Independent National Electoral Commission (INEC) will on Saturday, August 1, 2026, publish the particulars of all presidential and National Assembly candidates contesting the 2027 general election for public inspection at its offices across the country.

The publication of the candidates’ details, contained in Form EC9, is in compliance with Section 29(3) of the Electoral Act, 2026, which requires the commission to make the personal particulars of nominated candidates available for public scrutiny within 21 days of receiving them.

Political parties concluded the online submission of the names, personal particulars and other required documents for their presidential and National Assembly candidates on Tuesday, July 14, 2026, after INEC granted a 72-hour extension to the original deadline. ExecutiveBranch

Under the commission’s revised timetable, nominations for presidential and National Assembly candidates were initially scheduled to be submitted between June 27 and July 11, 2026.

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Section 29(1) of the Electoral Act, 2026, requires political parties to submit Forms EC9, EC9A, EC9B, EC9C, EC9D and EC9E, containing the names and personal particulars of their nominated presidential and National Assembly candidates, not later than 120 days before the election.

Speaking on whether the 72-hour extension would affect the publication date, INEC Deputy Director of Publicity, Wilfred Osilama Ifogah, said he did not expect any change, although he stressed that he was expressing a personal opinion rather than the commission’s official position.

“I doubt. It might not necessarily affect it. It’s just for the Commission to put the information together and submit it. This is my opinion. I’m not talking officially. When it gets to the time, you will see whether the Commission will publish it or not,” he said.

Meanwhile, the online submission of nominations for governorship and State Houses of Assembly candidates, which commenced on July 18, will continue until August 8, 2026.

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INEC has scheduled August 29, 2026, for the publication of the personal particulars of governorship and State House of Assembly candidates through Form EC9.

The commission had earlier conducted party primaries for all elective positions between April 23 and May 30, 2026.

According to INEC’s election timetable, the presidential and National Assembly elections will hold on January 16, 2027, while the governorship and State Houses of Assembly elections are scheduled for February 6, 2027

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CSOs, Youth Groups Push for Inclusive NYSC Reform, Convene National Dialogue

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By Gloria Ikibah

A coalition of civil society organisations and youth groups has announced plans to convene a national dialogue on proposed reforms to the National Youth Service Corps (NYSC), seeking to ensure that the review process reflects the views of Nigerians before the Federal Government takes a final position.

The initiative, being organised by the Centre for Equity, Justice and Transparency in partnership with the Save Nigeria Movement, is expected to bring together policymakers, academics, former corps members, youth organisations, security agencies and other stakeholders to examine the future of the scheme and recommend practical reforms.

Convened by legal practitioners Sorkaa Tsembelee and Patrick Agbese, the one-day dialogue aims to generate a comprehensive working document that will be presented to the Federal Government as part of ongoing efforts to review the NYSC Act.

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In a statement issued on Friday, the organisers said the forum was intended to provide an inclusive platform where stakeholders could contribute meaningfully to the reform process.

The statementread: “The essence of this dialogue is for critical stakeholders to make input into the proposed NYSC reforms before the President’s administration takes final decisions.

“We will have senior academics, former corps members, youth groups and other members of society to dissect the proposed reforms thoroughly.

“It will thereafter catalyse into a working document for the Federal Government. We will invite the CDS, the Army and others. Let everyone look at it and say their own.”

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Established in 1973 after the Nigerian Civil War, the NYSC was designed to promote national unity, encourage integration among young graduates and foster national development through compulsory service outside their states of origin. Over the decades, corps members have played significant roles in education, healthcare, agriculture and community development, particularly in underserved communities.

However, growing concerns over the safety and welfare of corps members, inadequate funding, deployment policies and questions surrounding the relevance of some aspects of the programme have fuelled calls for a comprehensive review.

The organisers said the dialogue will assess whether the scheme still aligns with its founding objectives while identifying legislative and policy changes needed to address present-day realities.

They maintained that while reforms were necessary, the NYSC’s central mission of promoting national cohesion should be preserved alongside efforts to strengthen skills development, entrepreneurship and youth empowerment.

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“This is not about tearing down an institution that has served Nigeria well; it is about refining it with the collective wisdom of those who have lived the experience and those who study its impact.

“Former corps members carry practical insights that policymakers often miss, and we want those voices at the table.

“Youth groups and civil society must not be spectators while decisions that will shape the next generation of Nigerian graduates are taken. The dialogue creates the space for genuine, structured input”, it added,.

According to the organisers, discussions will focus on critical issues including corps members’ welfare, security, orientation camp facilities, deployment procedures, funding mechanisms and the effectiveness of the Community Development Service (CDS) programme.

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They added that academics will provide comparative analyses of national service models in other countries, while security agencies would offer institutional perspectives on improving the protection of corps members, particularly those posted to areas affected by insecurity.

“We cannot discuss NYSC reforms without hearing from those who secure the environment in which corps members serve. The CDS and the Army have institutional knowledge that is indispensable.

“Their perspectives on logistics, security and inter-agency coordination will enrich the final document.

“Senior academicians will help us situate the proposed reforms within the broader context of nation-building. We need evidence-based contributions, not just opinions”, the said.

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The organisers said the ultimate goal was to produce practical recommendations capable of informing both legislative and executive action.

They explained that the final report would reflect contributions from former corps members, scholars, security agencies, youth organisations and civil society groups, providing government with workable proposals for strengthening the scheme without compromising its original mandate.

“The working document that emerges from this dialogue must be something the government can work with.
“It should reflect the views of those who have served, those who teach, those who protect, and those who advocate.

“Anything less would be a missed opportunity. We are calling on all stakeholders to come prepared to engage constructively.

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“The future of the NYSC is too important to be decided in isolation. This national dialogue is our contribution to an open, inclusive process”, the statement further read. 

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No plans to increase electricity tariffs – Power Minister assures Nigerians

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The Minister of Power, Joseph Tegbe, has declared that President Bola Tinubu’s administration has no intention to jerk up electricity tariffs beyond the current level.

He disclosed this during a media briefing in Abuja on Friday.

According to him, the Tinubu administration’s priorities are improving electricity service delivery, expanding access to electricity, and ensuring that Nigerians pay only for the electricity they consume.

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The minister said that, over the last two weeks, the country has consistently generated 5,000 megawatts of electricity.

“We are already witnessing encouraging improvements in electricity generation. Over the course of the last two weeks, we have consistently generated 5,000MW.

“Permit me to address two issues that have generated considerable public discussion. First, there is no policy by this administration to increase electricity tariffs beyond the current level. Our priority is not a tariff increase in the immediate term. Our priority is service improvement, universal metering, and ensuring Nigerians pay only for the electricity they actually consume,” he stated.

He added that the objective of the Federal Government is to provide reliable electricity to homes across the country.

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“Our ambition is clear: reliable electricity that powers our homes.”

Tegbe’s comments come amid debate over a fresh electricity tariff hike, fuelled by remarks made by Tinubu’s Special Adviser on Power Infrastructure, Sadiq Wanka.

Nigerian electricity consumers have kicked against the proposed electricity tariff hike.

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