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LequteMan
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Nigeria – According to Reagan Ufomba, CEO of Reagan Cement Limited, the Nigerian government is opposed to reduction of the price of cement in the country by tilting the implementation of the cement backward integration policy in favour of a few operators in the industry, National Mirror reports.
The implementation of the BIP with its major thrust anchored on local production sourced from limestone, has not only led to upsurge in the production of cement, but also led to increase in investments to the sector.
However, Ufomba lamented lack of fair play in the implementation of the cement policy, stressing that it was skewed in favour of few moneybags to the detriment of small players.
“It is not working. It is a policy made for few individual players. Until you open up the space and allow people to attain their God given destiny, Nigeria will remain in quandary. Reacting to the Minister of Finance, Dr. Ngozi Okonjo-Iweala’s recent comment that Nigeria has becoming net exporter of cement, the businessman-cum politician said “It is a lie that fell on its face.”
“In view of this, for the policy to bear the needed effect on the Nigerian economy and better the lot of the people, it must be reviewed to accommodate new investors. He said,”The policy needs to be tinkered with, review to accommodate everybody.
#Nigeria #Cement
The implementation of the BIP with its major thrust anchored on local production sourced from limestone, has not only led to upsurge in the production of cement, but also led to increase in investments to the sector.
However, Ufomba lamented lack of fair play in the implementation of the cement policy, stressing that it was skewed in favour of few moneybags to the detriment of small players.
“It is not working. It is a policy made for few individual players. Until you open up the space and allow people to attain their God given destiny, Nigeria will remain in quandary. Reacting to the Minister of Finance, Dr. Ngozi Okonjo-Iweala’s recent comment that Nigeria has becoming net exporter of cement, the businessman-cum politician said “It is a lie that fell on its face.”
“In view of this, for the policy to bear the needed effect on the Nigerian economy and better the lot of the people, it must be reviewed to accommodate new investors. He said,”The policy needs to be tinkered with, review to accommodate everybody.
#Nigeria #Cement
