Nigeria: FG Urges Naccima to promote Non-Oil export and to bring down the price of cement

Nigeria: FG Urges Naccima to promote Non-Oil export and to bring down the price of cement
Published: 13 February 2009

The Federal Government has reiterated its commitment to shift its attention from the exportation of only petroleum products. It believes it could earn more foreign exchange by exporting non-oil products.

The Honourable Minister of Commerce and Industry, Chief Achike Udenwa told a delegation of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) led by its National President, Dr Simon Okolo that Nigeria now wants to sell finished and semi-finished industrial products in addition to others.

He therefore called on the Association to make use of the opportunity that Nigeria has in the export of non-oil products rather than continue to sell oil and gas.

Commenting on cement, the Minister told the delegation that the Federal Government has dual responsibility of protecting the industry and the consumers, noting that where there is a conflict between the interest of consumers and that of the industry, government is bound to protect the consumers.

"We want to protect our local manufacturers of cement but at the same time we have a responsibility to consumers that prices should not continue to go up, therefore we must have a balance between these two," he stated.

He urged NACCIMA to do everything within its power to help bring down the prices of cement.