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.”
