Nigeria to achieve self sufficiency in cement by 2012
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- Written by Sunday Williams
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Speaking, Thursday, in Abuja at the 2010 ministerial score card, the minister said government sustained incentive to invest in the sector has witnessed continued increase in local production which stood at 8.3 million metric tons per annum in 2009.
“It is expected that when the new cement plants at Ibeshe (Dangote), Lakatabu (Larfage), Ava cement in Edo State, etc as well as the rehabilitation/expansion programmes at Ewekoro, Gboko, Obajana, Edo etc is completed, the local capacity for cement will increase tremendously by 2011,” he said.
The 2010 production is expected to reach 11.28 million metric tons per annum while 2011 production is estimated at 17.6 million metric tons per annum. It is expected that with all the investments in the sector, by 2013 the local production of cement will reach 22,000 metric tons while price will also drop to less than N1, 000.
The minister said that the cement sector is a resource-based industry which the country has comparative advantage and has no business importing it into the country.
“We granted import licensing to eight companies for backward integration policy. The cement monitoring committee that we set up is to ensure transparency, and more importantly guarantee full implementation of the backward integration policy in the sub-sector,” he said.
He said those cement people shooting arrows at them are traders who will want to continue to bring dust into the country, adding that there is no need for that now.
He said that the government recently set some goals for the manufacturing sector which include the attainment of 25 per cent reduction in cost of production between 2010 to 2013.
It also wants to increase capacity utilization from 54.7 per cent in 2008 to 65 per cent by 2013, ensure a reduction in percentage of manufactured goods in imports from 70.6 per cent in 2009 to 55 per cent by 2013 and increase the share of manufactured goods in exports from 2.5 per cent in 2007 to 20 per cent in 2013.
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Nigeria to achieve self sufficiency in cement by 2012
Category: Business Written by Sunday Williams Hits: 725
Nigeria will attain self sufficiency in its local cement production in the next two years and will start importing it by 2013, the Minister of Commerce and Industry, Senator Jubril Martins-Kuye has said.Speaking, Thursday, in Abuja at the 2010 ministerial score card, the minister said government sustained incentive to invest in the sector has witnessed continued increase in local production which stood at 8.3 million metric tons per annum in 2009.
“It is expected that when the new cement plants at Ibeshe (Dangote), Lakatabu (Larfage), Ava cement in Edo State, etc as well as the rehabilitation/expansion programmes at Ewekoro, Gboko, Obajana, Edo etc is completed, the local capacity for cement will increase tremendously by 2011,” he said.
The 2010 production is expected to reach 11.28 million metric tons per annum while 2011 production is estimated at 17.6 million metric tons per annum. It is expected that with all the investments in the sector, by 2013 the local production of cement will reach 22,000 metric tons while price will also drop to less than N1, 000.
The minister said that the cement sector is a resource-based industry which the country has comparative advantage and has no business importing it into the country.
“We granted import licensing to eight companies for backward integration policy. The cement monitoring committee that we set up is to ensure transparency, and more importantly guarantee full implementation of the backward integration policy in the sub-sector,” he said.
He said those cement people shooting arrows at them are traders who will want to continue to bring dust into the country, adding that there is no need for that now.
He said that the government recently set some goals for the manufacturing sector which include the attainment of 25 per cent reduction in cost of production between 2010 to 2013.
It also wants to increase capacity utilization from 54.7 per cent in 2008 to 65 per cent by 2013, ensure a reduction in percentage of manufactured goods in imports from 70.6 per cent in 2009 to 55 per cent by 2013 and increase the share of manufactured goods in exports from 2.5 per cent in 2007 to 20 per cent in 2013.