Business
NIGERCEM Begins Cement Production, Soon
Governor David Umahi of Ebonyi State says the Nigeria Cement Company (Nigercem) Nkalagu, would soon commence production as the core investors, Ibeto Group, would soon mobilise to site.
The governor spoke in Abakaliki, when he addressed stakeholders on the imperatives of giving priority to agricultural production.
Tide source recalled that NIGERCEM was the first cement plant in Nigeria, established in 1954, but privatised in 2002.
Prior to its sale, it was jointly owned by the Federal Government which had 11 per cent, the five south-east states, 65 per cent, and the general public, 24 per cent.
The privatisation led to the emergence of Eastern Bulkcem Nigeria Limited as the new strategic core investor with a 65 per cent stake in NIGERCEM.
But for now, Ebonyi, the host state has 10 per cent equity in NIGERCEM.
Umahi said that Ibeto Group, the new core investor,was fabricating machines that would enable them return to production of cement at NIGERCEM.
The governor also said that other major cement manufacturers had indicated interest in the large deposits of limestone in the state.
He listed the cement companies as Lafarge and BUA.
The governor also stressed the need to embrace agriculture, adding that Nigeria plunged into recession because of great dependence on oil.
“If we don’t do things differently now, we may be heading for crisis, there may be nothing to leave for our children and generations to come; the oil we hoped and banked on is no longer fashionable.
“The only credible alternative that awaits us as a nation is agriculture and that is why this summit seeks to proffer solution on ways we can mechanise agriculture in the state, “Umahi said.
He disclosed that his administration in line with its agricultural policy would partner with individuals or groups that want to go into mechanised agriculture by way of land preparation and other assistance to boost commercial agriculture.
He called on traditional rulers in the state to help in the area of land acquisition to enable the state have expanse of land suitable for mechanised agriculture.
Umahi also urged them to encourage youths to engage in agriculture, stressing that there is need to fight crime through agriculture.
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FG Fixes Uniform Prices for Housing Units Nationwide, Approves N12.5m For 3-bedroom Bungalow ……..Says Move To Enhance Affordability, Ensures Fairness
“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
