Nigerian producers request import licences

Nigerian producers request import licences
Published: 01 March 2011

Four cement manufacturers under the support of the Cement New Entrants Stakeholders have written to President Goodluck Jonathan, requesting him to grant each of them import license for 5Mt of cement between now and 2015.

In a letter dated February 16 and addressed to the President, the four new entrants with own terminal: Prince David Iweta of Madewell Products Limited; Vincent Nehikhare of Eastern Bulkcem Company Limited; Chief Reagan Ufomba of Cement Company Limited; and Kola Sowande of Westcom Technologies & Energy Services Ltd, said granting them import license was a sure way to forcing down cement price to N1,000 per bag and breaking the current monopoly of a cabal in the industry.

The letter stated: “We wish to use this medium to request for Cement Import License of 1Mt each year to 2015 contained in one permit/approval/license  of 5Mt each by which time they all would have fully established their own local cement manufacturing plants of minimum of 3Mt each...This will ensure focus-driven development effort for the operators and the government for utmost aim of achieving self sufficiency in the production and price for the product between N500- N1000 per bag of cement.”