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Senate to probe surge in cement prices 

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The Senate plans to investigate the recent sharp increase in cement prices in Nigeria.  

This decision came after Deputy Senate Leader, Sen. Lola Ashiru, raised concerns about the rising costs of cement and other building materials during a session on Wednesday.  

Ashiru suggested that the Senate’s Committee on Industries should examine the practices of cement manufacturers to determine the cause of the price hikes.  

He also called for the committee to ensure these companies follow fair market practices and avoid anti-competitive behaviour.  

Highlighting the construction sector’s crucial role in infrastructure development, Ashiru pointed out that its dependence on cement is essential for progress. 

The continuous rise in prices, he noted, is hindering development efforts across the country. 

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