25 December 2012

Nigeria: FG Set to Force Down Cement Prices

Minister of Trade and Investment, Dr. Olusegun Aganga, recently in Abuja said a new policy that would force down the prices of cement in the country would be in place in 2013.

Aganga said this at the beginning of the 2nd annual seminar for Trade and Investment Correspondents and Group Business Editors during organised by the Federal Ministry of Trade and Investment in Abuja.

To achieve this, he disclosed that the government has not issued licence to any cement importer since the beginning of this year, adding that President Goodluck Jonathan was determined to make Nigeria one of the leading cement exporting countries next year.

The minister, who informed that paper work on the policy had been finalised, said the present administration would ensure that the patronage of local goods is patronised by Nigerians as from 2013. According to him, the acronym of 'Buy Naija, create more jobs' embarked upon by his ministry would not only be boosted next year, but also be sustained to improve the nation's economy through jobs creation and increased wealth for Nigerians.

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