Managing Director, Ibeto group of Companies, makers of Ibeto Cement and Chairman of Small and Medium Enterprises Development  Agency of Nigeria (SMEDAN), Sir  Cletus Ibeto, has said he is setting up a factory that will produce cement from Limestone in Ebonyi State.

According to him, though the business was capital-intensive, he has already done feasibility studies, which shows that the raw materials for the production was abundant enough that they can supply other African countries.

He said this when the Director General of SMEDAN, Mrs Modupe Adelaja visited the N12 billion cement factory in Port Harcourt, and congratulated him for overcoming the set back of closure.

“When the factory starts production, I will use this same jetty which took us 10 months to sandfill before pilling to export cement to West and other African countries,” he said.
Advertisement