The Minister of Commerce and Industry, Senator Jubril Martins-Kuye, said figures of cement produced locallly have jumped from 10.5million tonnes in last year to 17million tonnes in 2011.
‘’It is obvious that the effort of the government is beginning to pay off as the local production of cement is beginning to yield positive result, local production level has increased from two million tonnes in 2002 to 10.5million in 2010, while the government targets 17million by the end of 2011,’’ he said.
Martins-Kuye disclosed this during a meeting with the Committee on the Implementation of BackwardIntegration Policy in the cement subsector as they submit their report, stating that with this development the target by the end of 2011 is 17million.
He said: "The cement subsector has become a success story because at the time the backward integration policy started, it was two million tonnes in 2002, and gradually rose to 10.5million tonnes in 2010.
"By the end of 2011 we are expecting 17million tonnes, in the first quarter of the year, 6.5million tones will be delivered to augment total availability supply of 17million tones which will equal the demand.
"If Nigeria can formulate a policy and stand by it, the nation can achieve its target in industrial level and goal. The government will showcase the achievement of the successful industrial policy and try to replicate it across other sector of the economy.
Chairman of the committee, Lateef Salami, recalled that the group was inaugurated in September last year to ascertain the level of compliance of investors in the cement industry to backward integration policy of government.
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