News
Stakeholders Blame Cement Price Hike On Production Cut, Monopoly
Stakeholders in the building industry have attributed the high cost of cement in Nigeria to forces of demand and supply caused by monopoly and low production levels of major producers of the commodity.
A survey conducted by newsmen in states in the South -West of Nigeria -Ogun, Oyo, Osun, Ondo, Ekiti and Kwara, showed that the cost of a bag of cement ranges from N3500 to N4000 depending on the brand and the area.
The high cost of cement, it was also discovered, had impacted on the construction industry with some people with building projects either temporarily suspending work for now or reducing the level of work.
Speaking on the issue, Mrs Funmilola Adeboje, a cement distributor in Ibadan, said cement companies have reduced the number of distributors to only a few who get the commodity directly from the source.
She said that the few distributors selected, now called major distributors, have monopolized the market and thus the hike in price of the commodity.
“Only a few distributors have access to cement directly from the producers and because of shortage in supply the force of demand has also made the price to increase.
“In time past, I booked directly from the company, but I was told I can no longer book to get the cement, that I should come and buy it when cement is available.
“We don’t know how much the companies release the products to the major distributors but we buy at varying prices; N3,500 to N3,600.
“We only gain N100 on each bag and sometimes you can get as low as N20 on each bag and this was not how it used to be before now,” she said.
A sales representative of one of the major cement companies, who pleaded anonymity, said the issues affecting sales of cement in Nigeria are many.
He explained that production plants of two major cement producers had not been working at full capacity since the middle of 2020, “and the companies have just been patching things up.
“The plants when repaired can work at full capacity for a while and then it will break down again.
“Due to shortage of supplies, the market force took over in dictating the price because of high demand over supply and some other factors such as limited access given to distributors.
“The selected few also have to tip some people to get the commodity because of shortage in production and that increases the overall cost of selling cement in Nigeria.
“Lafarge has its own issues and also Dangote with producing optimally. So, the major distributors are maximizing the situation to their advantage.
“The cement companies would care less about the price as long as their commodities are being sold. Government might need to regulate the issue to rid it of corruption,” he said.
The source said one bag of cement is sold at from Bodija market for between N3,700 to N3800, but from the distributor it goes for N3,400 to N3,500.
According to him, the companies most times are discreet or not forthright with the actual price of the commodity, but a bag was sold for between N2,500 and N2800 in time past.
“A distributor that gets maybe 20 truck loads of cement in time past, but due to the situation on ground now gets two to five trucks and so they want to make the profit of 20 trucks from a few trucks,” he said.
A building contractor, Mr Rotimi Omoniyi, said the increase may be due to foreign exchange or production inputs, which has affected the selling price.
“I don’t think there is anything we do in Nigeria that has no connection with foreign exchange and that increases the cost of production.
“The masses are at the receiving end of high cost of production of goods in Nigeria, “ he said.
Cement sellers in Osun have attributed the hike in the prices of the product to scarcity and activities of middle men.
They said due to the unavailability of the product since 2020, the prices had been fluctuating.
In Osun, a cement distributor in Osogbo, Mr Ibrahim Awolola, said the increase in the price of cement in the market was due to its unavailability because of a sharp drop in production.
Awolola explained further that manufacturers of cement were also complaining of unavailability of raw materials for production, which in turn affected its availability
He said that the situation was simply in line with the law of supply and demand, “the more scarce and unavailable a commodity is, the more expensive it will become.’’
Awolola also said that cost of logistics and transportation the hike in the price of cement in the market.
The cement distributor said a bag of Dangote cement is sold between N3,600 and N3,700, depending on the location
He, however, assured that whenever there is improvemen in the production of cement and supply exceeded demand, the price would definitely come down.
Speaking in the same vein, another cement retailer in Osogbo, Mr Adewale Adeyemo, said that the scarcity of cement was the major factor that forced the price up.
Adeyemo said that information also made available to him revealed that haulage companies which provide trucks for the supply of cement have withdrawn their services, while the few ones working are the ones dictating the price of transportation.
News
Bill For Compulsory Counselling For Convicted Corrupt Nigerians Scales Second Reading
A bill to amend the Corrupt Practices and Other Related Offences Act 2000 has passed its second reading in the House of Representatives.
The bill, which mandates compulsory counselling and training for individuals convicted of corruption-related offences, was sponsored by Kayode Akiolu (APC-Lagos) during plenary on Wednesday.
Leading the debate, Mr Akiolu explained that the bill sought to amend Section 67 of the principal act, introducing new provisions that were not part of the original section.
“These additional provisions, found in subsections 2, 3, and 4 of the amendment bill, require judges and magistrates to not only impose imprisonment and/or fines on those convicted of corruption but also mandate a minimum four-week anti-corruption counselling and training.
“The counselling and training will be designed and delivered by the Anti-Corruption Academy of Nigeria (ACAN) and aims to address the psychological factors related to corrupt behaviour,” Mr Akiolu said.
Mr Akiolu emphasised that the training would help reform convicts by addressing their corrupt tendencies and could even transform them into advocates for anti-corruption efforts.
He added that this approach aligned with the reformative aspect of the criminal justice system, which focused on punishment and rehabilitation.
“As per subsection 4, the bill allows magistrates and judges to order convicts to cover the cost of their counselling and training, preventing additional financial burdens on the government,” the lawmaker noted.
Mr Akiolu further argued that if the bill is passed into law, it would strengthen the country’s fight against corruption.
Given the widespread negative impact of corruption, he urged the House to support the bill for the country’s benefit.
Following the debate, Speaker Tajudeen Abbas referred the bill to the relevant committee for further legislative consideration.
News
Judiciary, Media Key Pillars Of Democracy, Says CJN
The Judiciary and the Media are key pillars of democracy, the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, has said.
Kekere-Ekun made this statement in her address at the 2024 National Conference of the National Association of Judiciary Correspondents (NAJUC).
The CJN was represented by Mr Abdulaziz Olumo, the Secretary of the National Judicial Institute (NJI).
“ The judiciary and the media occupy unique and complementary roles in any democratic society.
“ The judiciary serves as the guardian of justice, equity, and the rule of law, the media acts as the conscience of society, disseminating information, shaping public opinion, and ensuring accountability.
“ Together, these institutions provide checks and balances that strengthen the fabric of democracy,” she said.
Quoting Felix Frankfurter, a former U.S. Supreme Court Justice, she said: free press is not to be preferred to an independent judiciary, nor an independent judiciary to a free press. Neither has primacy over the other; both are indispensable to a free society.”
The CJN said this dynamic interdependence between the judiciary and the media presents opportunities and challenges alike.
“ The media is entrusted with the responsibility of informing the public about judicial activities, the judiciary relies on accurate and ethical reportage to enhance public confidence in its work.
“ However, the inherent power of the media to influence public opinion requires careful management, especially when its focus turns to judicial proceedings.
“ The question posed by Robert J.Cordy, a former Associate Justice of the Massachusetts Supreme Judicial Court, is pertinent here: “What happens when the free press turns its sights on the courts-scrutinizing, sensationalizing, and exposing the frailties of the judiciary while questioning its ethical standards and performance?”
“The media’s capacity to shape narratives and perceptions is undeniable” she said.
Quoting Jim Morrison , she said “Whoever controls the media controls the mind.”
According to her, this underscores the immense responsibility placed on journalists to report truthfully, fairly, and objectively.
“ Unfortunately, the commercialisation of news and external influences have led to the rise of sensationalism-a practice that distorts facts, erodes trust, and undermines the very essence of journalism.
“ Sensationalised headlines, such as the infamous 2016 headline “We raided the houses of ‘corrupt, unholy’ judges, says DSS,” can paint a skewed picture of the judiciary and its officers. Such reporting, often devoid of context, compromises the integrity of the justice system and misleads the public.
“ Closely tied to this is the issue of “trial by media,” where premature and often biased media narratives prejudge cases and infringe on the constitutional rights of individuals” she said.
She added that as Mahatma Gandhi rightly observed, “The sole aim of journalism should be service.” It is imperative for media practitioners to remain steadfast in their commitment to truth and objectivity.
To this end, she advised, the National Association of Judiciary Correspondents to take proactive steps to regulate the activities of its members.
“ This is not merely about enforcing rules but about fostering professionalism and safeguarding the credibility of the media.
“ The judiciary and the media must work as partners in progress.
“ To bridge the gap between these institutions, there is a pressing need for constructive engagement and mutual understanding.
“ Courts can provide the media with guidelines on judicial processes, courtroom decorum, and the nuances of court proceedings.
She noted that globally, courts have adopted initiatives to support the media’s role in reporting judicial matters.
For instance, she said the Supreme Court of Dakota’s media guide outlines protocols for courtroom reporting, while the UK ‘s Media Guidance document provides clarity on access and etiquette for journalists.
“ These examples demonstrate how structured collaboration can enhance the quality of judicial reportage.
“ In Nigeria, we can take a cue from these models by developing a comprehensive media guide tailored to our judicial landscape.
“ This initiative, which would involve inputs from NAJUC and judicial stakeholders, would not only enhance media access to courtrooms but also ensure that judicial activities are accurately and responsibly reported” she said.
She advocated that judiciary correspondents must make deliberate efforts to familiarise themselves with the rules and procedures of the courts.
She added that understanding these frameworks will enable journalists to navigate the complexities of judicial proceedings effectively and responsibly.
“ Training programs such as this conference play a crucial role in equipping judiciary correspondents with the knowledge and skills needed to report judicial matters accurately.
“ The theme of this year’s conference, “The Role of Courts in Enforcement of Judgments,” is both timely and significant, as it addresses an aspect of judicial work that is critical to upholding the rule of law and ensuring justice.
“ I commend NAJUC for its commitment to promoting accountability and transparency through its engagements with the judiciary.
“ As I conclude, I must emphasize the importance of credible journalism in strengthening public trust in the judiciary” she said.
She urged judiciary correspondents to prioritise the pursuit of truth and objectivity, resist undue influences, and remain steadfast in their commitment to ethical standards.
She commended the leadership of NAJUC, under the chairmanship of Mr Kayode Lawal, for its efforts in promoting professionalism among judiciary correspondents.
News
Senate Issues Arrest Warrant Against Julius Berger MD Over Road Project
The Senate has issued an arrest warrant for the Managing Director of Julius Berger Nigeria Plc, Dr Peer Lubasch, to appear before its Committee on Works.
The Tide’s source reports that the warrant was for Lubasch to explain the utilisation of funds appropriated for the reconstruction work on Calabar-Odukpani-Itu highway.
The warrant followed the adoption of a motion sponsored by Sen. Osita Ngwu (PDP- Enugu) and co-sponsored by Sen. Asuquo Ekpenyong (APC-Cross River) and Sen. Mpigi Barinada (PDP- Rivers) at plenary in Abuja, yesterday.
Ngwu, in the motion said, that the senate had mandated the committee on works to conduct investigation into the state of road infrastructure across the country.
He said that in furtherance to the investigative hearings, Julius Berger refused to honour invitations to provide details of its role in the Calabar-Odukpani-Itu highway project, in spite of receiving substantial public funds.
He said that this was worrisome, given the alarming discrepancies in performance among contractors on the project, with specific reference to Julius Berger for failing to meet delivery timelines.
Ngwu said it was the constitutional powers of the National Assembly under Sections 8 and 89 of the 1999 Constitution, as amended, to conduct investigations on any person or organisation responsible for administering public funds.
He said that the powers set out in section 6 of the legislative powers and privileges act empowered the Senate to issue warrants of arrest on persons in contempt of its proceedings.
The Tide source reports that the senate further ruled that President of the Senate, Godswill Akpabio, should sign the warrant, mandating the Julius Berger managing director to appear on a date to be communicated.
Akpabio said that the senate’s decision was in line with its constitutional powers under Section 89 of the 1999 Constitution (as amended).
“This senate will not tolerate the continued disregard of its authority.
“The managing director of Julius Berger must appear before the relevant committee, failing which further actions will be taken as prescribed by the constitution.
“The point of order, which was supported by the majority of the senators, highlighted the importance of upholding the integrity of the legislature.
“The senate committee will submit its findings to the National Assembly after the MD’s appearance.
“If there is any further failure to comply, we shall take the necessary steps to ensure respect for the constitution and the rule of law,” Akpabio said.
-
News1 day ago
RSHA Moves To Investigate Oil Spill In Bonny …As Two Bills Pass First Reading
-
Politics1 day ago
NGO Passes Confidence Vote On Fubara Over Dev Strides
-
Sports5 days ago
Subsea Cycling Club Chairman Solicits for Support
-
Sports1 day ago
Nigeria To Host 2026 Golf AACT
-
Niger Delta1 day ago
NSCDC Holds Walk Against National Assets Vandalism In Edo
-
News1 day ago
Senate Issues Arrest Warrant Against Julius Berger MD Over Road Project
-
News1 day ago
Engage Violence-Free Approach In Quest For Equity, Justice, Fubara Tells IYC
-
Nation1 day ago
Bill To Enforce Local Processing Of Raw Materials Scales 2nd Reading …Set to Boost Local Industries