Group Decries Continuous Increase Of Cement Price In NIgeria

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By; AMOS TAUNA, Kaduna 


The Northern Youth Council of Nigeria of Nigeria (NYCN), has expressed concern over the continued increased in the price of cement in the country.
The youth observed that the continued increased in the commodity is meant to ensure that poor Nigerians are turned to destitute in their own country.
Comrade Isah Abubakar, President, Northern Youth Council of Nigeria stated that the group received the news of the declaration of over 500bn Profit before Tax and over 350bn profit after tax by the Dangote Cement with mixed feelings.
It added that the declared amount is a sad reminder of how Nigerians and Nigeria is being riped and raped by monopolist that enjoys government protection and patronage. 
The youth lamented that the average price of a 50kg bag of cement has since increased in country, saying that currently it is being sold at over 240% above global average price of the commodity.
“Looking inward, Northern Nigeria where Dangote hails from has larger chunk of this poverty and other frightening  negative economic and social variables,” the statement further lamented. 
Rather than making this easy for Nigerians, the statement alleged that Alhaji Aliko Dangote is all out to ensure that poor Nigerians are turned to destitute in their own country by his continues inflation of prices of commodities he has control over.
The statement alleged that as Muslims all over the world is about to commence Ramadan fasting, Abdulsamad Isiyala Rabiu, the CEO of BUA disclosed the plan by Alhaji Aliko Dangote to mastermind the increase in the price of sugar on the table of every poor Nigerian. 
The statement observed that as stakeholders in the Nigeria project and voice to voiceless Northerners, the group ought to be happy that their son is making tremendous progress and holding the title of the richest man in Africa while poverty keep on rising in his home front thereby leading to rise in insecurity.
The group called on the members of  National Assembly and Key policy makers to ensure that companies that keep on releasing outrageous profit provide evidence of cooperate social responsibility that is commensurate to their earnings.  
It noted that following the rising price of Cement that which has led to increase in the rent of most houses, it called on the Central Bank of Nigeria (CBN) to lift the ban imposed on Cement import so that healthy competition rather than what it called “heartless capitalism devoid of empathy” that would determine the price of the commodity in the markets. 

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