Nigerian Lawmakers Want Dangote-led Cement Dominance Broken (2)

Nigerian lawmakers have urged the government to break the dominance of the country’s three biggest cement makers to encourage more competition and reduce prices.

Dangote Cement Plc, which has a 61% share of the market, Lafarge Africa Plc and BUA Group effectively control production in Africa’s most populous country, the Nigerian Senate said in an emailed statement late Tuesday. That makes the market “susceptible to price-fixing practices,” they said.

Dangote Cement is owned by Africa’s richest man, Aliko Dangote, who operates plants across 10 countries and is building the continent’s largest oil refinery in the West African nation. ...