Members of the House of Representatives who visited Dangote Cement Plc in Obajana, Kogi State, have expressed delight at the significant economic impact the company has made in Nigeria’s cement sector.
Speaking during the visit, Hon Gaza Jonathan Gbefwi, Chairman of the House Committee on Solid Minerals, who led his team, emphasised the need for collaboration between Nigeria’s political leaders and investors to drive the country’s industrialisation.
He noted that Dangote Cement had paved the way with its substantial investments, job creation, tax contributions and more.
He stated that the visit was partly aimed at investigating the reasons behind the current cement prices and collaboratively seeking solutions.
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Responding to the lawmakers, Mr Arvind Pathak, Group Managing Director of Dangote Cement Plc, stated that cement inputs were dollar-driven except limestone which was found in Nigeria.
Some of the inputs, according to him, are machinery, spare parts, gas and gypsum.
Mr Pathak explained that the rise and instability in foreign exchange rates had been significant factors contributing to the current prices of cement products.
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