The Prime Minister of the Republic, His Excellency Philemon Yang has in a statement, called on the CEO of the most recent Nigerian Cement Factory in Cameroon , the Dangote Cement Factory based in Douala, not to limit its investment only in cement production for there are more areas to exploit.
PM Yang made the statement recently in Douala in his speech while officially inauguarating the cement factory. He made mention of the petorleum and and sugar productions areas that need to be exploited.
In his speech, the PM spelt it out that the Dangote Cement Factory has gone beyond expectation in just one year. He equally pointed out that the growth of the cement factory is a clear indication of Cameroon’s liberal economy.
The Prime Minister also pointed out to the advantages Cameroon has derived from the cement factory which include providing hundreds of direct and indirect jobs.
In his own very words, the President and Chief Executive Officerof the Dangote Cement Factory, Aliko Dangote, said “ I express deep gratitude to the Cameroon government for some of the favourable relief and concessions that have encouraged us to invest in the country”.
Believing Cameroon to be the largest economy in the Central Africa and endowed with abundant natural resouses the Cement Factory boss said the choice of Cameroon for the million dollar investment is quiet strategic. As a result, the CEO said his group feels at home and has no regrets investing in Cameroon.
He also maintained that Cameroon and Nigeria do not only share a common geographical boundaries but also a long history of brotherly relationship dating back to the colonial days.
He however used the occasion to expressed gratitude to the head of state, H.E President Paul Biya who he asserted that, “ has been largely instrumental to the successful completion of the project.” He also thanked the Chiefs of Sawa for their support in the project.
Cement Prices To Go Down
With the worries of the price of cement still not encouraging, the Dangote Cement Fcatory boss explained that the prices of cement has actually gone down since the coming of the Dangote cement factory in Cameroon. He however explained that the real reason for the high price in cement is as a result of the transportation cost, but promised that the prices will still go down as the company is planning to boost its capacity by extending to the nation’s capital, Yaounde.
With its capacity of producing 1.5 million tones of cement per year, the CEO said the company has come to solve the problem of scarcity of cement in Cameroon. Moreover, the company has made available 200 trucks for the distribution of cement in all the regions in Cameroon, thereby making cement available at all times.
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