THE FEDERAL Government, yesterday, gave reason why the price of cement still remained high in spite of increase in production, saying it would soon address the challenge.
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Speaking through the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, in Abuja, during the 2013 ministerial platform by Industry, Trade and Investment Ministry, the Federal Government lamented that Nigerians had continued to buy a 50kg bag of cement at very high prices ranging from N1,650 to N1,800.
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The Minister said what government was targeting in the first phase of the backward integration policy of cement, was production and availability which he said had been achieved.
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According to him: "The first strategy on backward integration on cement was about availability and production of cement that has been achieved. We were spending more than N250 billion on cement importation before now.
They should be no explanation for things that would cause more expenses for citizens. It just doesn't speak well of our leaders in any way.