FG Commences Plan To Bring Down Price Of Cement

Must Read

We’ll Hold Oshiomhole, Sylva Responsible If Anything Happens To Mary Odili: Wike

Following the Supreme court judgment that sacked David Lyon of the All Progressive Congress as governor of Bayelsa state...

Medical Experts Confirm Chloroquine Is Effective Cure For Coronavirus

Finally, people around the world can breathe relief as a new experiment has confirmed that chloroquine phosphate, an antimalarial...

Man Kidnaps ‘Racist Woman’, Forces Her To Watch Movie About Slavery

52-year-old Robert Lee Noye popularly known as “the black guy in town" has been arrested by the police in...

Lassa Fever: Lagos State Identifies Victim In LASUTH

The Lagos Ministry of Health has identified the state’s index Lassa fever patient as an indigene of Ebonyi who...

Customs Intercepts 1,393 Bags Of Rice Hidden In Gas Cylinders

The Nigerian Customs Services have intercepted 1,393 bags of rice concealed in gas cylinders in Ogun State between  February...

President Goodluck Jonathan, yesterday, performed the ground-breaking of the N100bn expansion project for Ashaka Cement’s new 2.5million metric-tonne capacity cement production line in Gombe, North East Nigeria, where he said that Government had commenced plans to bring down the price of cement.

The project, which will be completed within three years, will increase the company’s current production capacity of over one million metric tonnes to about four million metric tonnes while creating a lot of jobs.

Jonathan pointed out that the Federal Government had commenced a plan of action that would promote the consumption and export of cement, enhance skills development and innovation in the industry and bring down the price of cement.

He stressed that his administration would continue to provide both the incentives and the conducive environment to make the cement industry globally competitive in line with the Nigeria Industrial Revolution Plan.

Jonathan, who was represented by the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said the new investment was a testimony of global investors’ growing confidence in the Nigerian economy as well as the Federal Government’s commitment to transforming the Nigerian economy, leaving out no region.

“The cement industry is a perfect example of the transformation that can happen in an industry based on the focused implementation of a well-thought out policy and a continuous partnership that harnesses the expertise of the private sector and the capacity of the public sector.

“The commencement of the capacity expansion of AshakaCem Plc’s cement production project further buttresses the confidence that global investors have in the Nigerian economy, which is now the largest economy in Africa.”

The President added, “As at 2002, the local cement industry had the capacity to barely produce two million metric tonnes per annum. By the year 2013, this had grown to 28.5 million metric tonnes and we expect the installed capacity to be about 39 million metric tonnes by the end of this year.

Jonathan noted that Nigeria had become a net exporter of cement, saying that “this is something that we all should be proud of.”

- Advertisement -
Ad ==> Discover how a young Nigerian graduate now makes a consistent 40k per week doing a legitimate online business. You too can start yours now, click here!!!

4 COMMENTS

  1. I just check my jamb result it was 160 so I was
    hopeless I got mr Fred number online I called
    MR Fred and explain he help me to upgrade
    my score to 250 now I am happy if u want to
    upgrade ur score too call mr Fred on
    07065391674 he is going to help u the way he
    helped me God bless mr fred

  2. Purchase Dangote cement at a low factory price of 1200 naira. We supply to all part of the country and we deliver to your door step. Call 09032209474 for more info.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -