Good News as Senate Moves to Reduce the Price of Cement in Nigeria

Good News as Senate Moves to Reduce the Price of Cement in Nigeria

- The Senate has reacted to the rising prices of cement in Nigeria

- The lawmakers made a recommendation to the federal government on how the matter can be addressed

- Nigerians will be hoping that the intervention by the senate will have a positive effect on infrastructural development

PAY ATTENTION: Join Telegram channel! Never miss important updates!

The Senate has advised the federal government to introduce liberal policies that would lead to the reduction in the price of cement in Nigeria.

According to This Day, the lawmakers made the recommendation on Tuesday, April 20, when deating on a motion on the liberalisation of cement policy in the country.

Nigerian Senate moves to reduce price of cement in nigeria
The Senate called on the federal government to provide more industrial incentives to new cement manufacturers. Photo: Nigerian Senate
Source: Facebook

The legislators said there was a need to encourage policies that would stimulate more investment in the manufacturing of cement.

One of the sponsors of the motion, Senator Yisa, stated that cement was of strategic importance to the country’s infrastructure.

Read also

Lai Mohammed warns elites, says professors may work in bakeries if Nigeria breaks up

The Nation reported that Yisa called for an urgent need to encourage more local production of cement to satisfy demands.

PAY ATTENTION: Install our latest app for Android, read the best news on Nigeria’s #1 news app

The lawmaker said:

“We should be worried that the significant rise in cement prices in the country and the low purchasing power of Nigerians may result in substandard building constructions and non-completion of planned infrastructural works.
“It’s strongly believed that there is an urgent need to encourage more local production of cement to satisfy the demands of Nigeria with a steady growth rate of approximately three per cent per annum; a housing deficit of 30 million units and less engagement of over 10.5 million workforce of the building and construction industry.''

In its resolution, the Senate pointed out that concessionary loans and huge tax incentives for new entrants would boost the production of cement, and reduce the price of the product.

Read also

Senate moves to create database for livestock as bill passes through second reading

Meanwhile, a civil engineer, Ahmed Yahaya, who became popular after using thousands of bottles to build a house has spoken more about what influenced his decision to go through with that kind of recycling.

In a BBC News Pidgin interview, the man said he used pet bottles to design the house in an African round shape, such that there are three rooms that could be used for different purposes.

The civil engineer stated that the discarded bottles are gathered from different dumps in Kaduna. He added that during the collection, nobody took them seriously, asking why they were busy collecting waste around.

Source: Legit

Online view pixel