GTB 737 banner Yudala banner

FG hails Dangote for revitalising privatised firms

By News Express on 15/07/2013

Share on facebook Yahoo mail icon Gmail icon

Views: 5,223


The Federal Government has commended the Chairman of Dangote Cement Plc, Aliko Dangote, for reviving privatised companies, despite huge challenges in Nigeria’s business climate.

Minister of National Planning, Shamsudeen Usman, gave the commendation over the weekend during a visit to the Dangote Cement Plant in Gboko, Benue State, North-Central Nigeria. He expressed delight that the Dangote Group, a local company, has not let the country down in its acquisition of some of the privatised companies.

He said: “I know that many privatised companies are doing well. Dangote Cement is one of them. The whole essence of privatisation is to improve efficiency and promote investments and employment generation,” Usman said.

He advised the host communities of privatised firms to cooperate with the new owners to enhance optimum capacity utilisation and industrialisation in the country, adding that they stand a chance of benefiting more if the company receives their support.

“Such host communities would gain more employment opportunities and other social activities implemented by the companies,” the minister said. He explained that the visit was a fact-finding one aimed at ascertaining the true state of already privatised public enterprises, especially in view of the feeling in many quarters that many of them are not performing well.

Dangote Cement has upgraded the former Benue Cement Company’s (BCC) capacity to 3.0 million metric tonnes per annum (MMTPA) from the initial installed operating capacity of 0.9 MTPA, the Plant Director, Prakash Sharma, said while briefing the minister during his visit.

Sharma said the new owners have already invested $500 million in plant rehabilitation and technological convergence, while an additional $50 million is being invested in the on-going expansion project to raise capacity to 4.0 MMTPA.

With its Obajana and Ibese plants, Dangote Cement currently produces about 20MTPA, surpassing Nigeria’s national average demand.

•Photo shows National Planning Minister, Shamsudeen Usman.

Source News Express

Posted 15/07/2013 10:41:35 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
RESPECT YOUR AGE OR I’LL EXPOSE YOU, ex-EFCC...

Space Agency identifies cause of Kaduna earth tremor...

Famakinwa’s death a blow to Southwest regional integration...

NLNG, Warsash partner on maritime training and safety...

Ex-Anambra SSG calls for reframing of governance principles...

Obiano, Wada, move to end Anambra/Kogi border clashes...

Kano Govt. recovers N480m unpaid tax from mobile...

Fire wreaks havoc at Bayelsa motor park

2 million Nigerian embrace UNICEF’s social media platform...

NDLEA arrests 200 drug dealers in Zamfara

BREAKING NEWS: Biafra grounds Onitsha, Nnewi, Aba, Owerri,...

AIT and Chisco inferno, height of political brigandage...

 

Latest News Scarcity of pilots hits U.S. Air Force 2 die, soldiers shoot 3 others in clash with protesters Intersociety warns of ‘dangerous signal’ ahead of Nov. 18 Anambra governorship election •Challenges Obiano, rivals Why FG recalled allegedly corrupt ex-Pension boss: Group Court order approving seizure of money in bank accounts without BVN illegal — Adegboruwa Diplomatic war breaks out between Morocco and Algeria over cannabis allegation Economic advancement of Deltans our priority — Okowa First Republic Minister endorses PDP’s Obaze as Anambra’s next Governor Campaign for Democracy sacks General Secretary, elects successor Anambra Guber: Elders, youths in Nwoye’s home town laud Ojiba, begin voters mobilisation for ACPN New details emerge about death of U.S. soldiers in Niger ambush UN announces job openings for young Nigerians

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (287,815 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (270,498 views) Shameless Genevieve Nnaji exposes breasts in public (218,388 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (183,814 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,532 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (162,262 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (140,625 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,754 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,666 views) Lagos plane crash: Journalist releases victims’ names (114,218 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (112,184 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,539 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,731) Business Verdict (24) Columnists (758) Complaints & Requests (93) Enterprise & Opportunities (183) Entertainment (396) Features (497) Global Business Monitor (187) International (1,588) Interviews (134) Live Commentary (28) Love Matters (79) News (29,526) Opinion (826) Pidgin (8) Politics (3,991) Religion (645) Sports (1,340) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!