The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns about recent comments made by members of the House of Representatives regarding price hikes by cement manufacturers in Nigeria. In a statement released by CPPE Director, Dr. Muda Yusuf, it was revealed that the remarks made by the lawmakers are negatively impacting investment in the sector.

During a session in the Green Chamber, a motion was put forward blaming cement producers for a 50% increase in prices, leading to the decision to summon major cement manufacturers in the country. However, CPPE has criticized this move, stating that it is unfair to investors and could have counterproductive effects.

CPPE emphasized that the comments made by the Rep members are inciting the public against cement manufacturers and putting their significant investments at risk. The economic think tank group urged lawmakers to be more cautious with their language to prevent any negative consequences for investors in the economy.

In a plea for moderation, CPPE highlighted the importance of considering the perspectives of cement manufacturers before making accusations. The organization stressed that the remarks made in the House of Representatives could potentially harm the reputation and investments of cement manufacturers, who play a vital role in the Nigerian economy.

As the debate continues, CPPE is calling for a more balanced and informed discussion on the issue of cement prices to ensure that the interests of all stakeholders are taken into account. The organization emphasized the need for constructive dialogue and cooperation between lawmakers and industry players to address any concerns and find sustainable solutions for the benefit of the economy as a whole.