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A move to cut the skyrocketing costs of cement began yesterday at the National Assembly. The Senate urged the Federal Government to introduce liberal policies to stimulate more investment in the manufacturing of the product.
The upper chamber said such policies should include provision of industrial and larger tax incentives to encourage local investments in cement production in Nigeria.
The resolution was sequel to the consideration of a motion titled: “Need for liberalisation of cement policy in Nigeria”, sponsored by Senator Ashiru Oyelola Yisa and five others.
The co-sponsors of the motion are: Senators Muhammad Enagi Bima (Niger South); Adelere Adeyemi Oriolowo (Osun West); Samuel Egwu (Ebonyi North); Kabiru Gaya (Kano South) and Michael Nnachi (Ebonyi South).