The Federal government of Nigeria said the country would achieve 100 per cent local production of cement by 2013.
Minister of Commerce and Industry, Chief Achike Udenwa, said Nigeria can satisfy local demands of the product, thereby making imports of cement to be a thing of the past.
He pointed out that government has granted incentives to local producers of the product such as appropriate pricing of LFPO, banning of imports of bagged cement, lifting of ban on imports of gypsum and a reduction of duty to five per cent to encourage local manufacturers.
"Federal government has been very much concerned about the development of cement industry in the country and as a result, it has granted several incentives to local manufacturers, which include the LFPO, lifting of ban on importation of gyms and reduction of its import duty to five per cent, all these are aimed at encouraging investment in the cement sub sector". He noted that up till now, Nigeria was still the largest importer of cement in the world, saying the federal government was doing everything possible to reverse the situation.