Lagos-Calabar-Obudu Rail Line Underway – Jonathan

In Breaking News, Business & Economy, National News, Reports

by crossriverwatch admin

Vice President Arch. Namadi Sambo flanked by the Deputy Governor of Cross River, Mr. Efiok Cobham, Minister of Culture and Tourism High Chief Edem Duke (R) and  Chairman Unicem Board of Directors, Mr. John  Coumantaros, Minister of State for Trade and Investment, Dr. Samuel Ortom in a symbolic cutting of tape during the ground breaking ceremony for the construction of additional 2.5 million metric tons production line of United Cement Company, in Mfamosing, Cross River today
Vice President Arch. Namadi Sambo flanked by the Deputy Governor of Cross River, Mr. Efiok Cobham, Minister of Culture and Tourism High Chief Edem Duke (R) and Chairman Unicem Board of Directors, Mr. John Coumantaros, Minister of State for Trade and Investment, Dr. Samuel Ortom in a symbolic cutting of tape during the ground breaking ceremony for the construction of additional 2.5 million metric tons production line of United Cement Company, in Mfamosing, Cross River today

President Goodluck Jonathan today said in Calabar that a Memorandum of Understanding has been signed for the construction of a railway line from Lagos to Calabar. The President promised that the rail line will be extended to the Obudu Ranch Resort.

The President was speaking at the ground breaking ceremony of the 2.5 million metric tons cement line put in place by UNICEM in Mfamosing, Akamkpa local government area in Cross River State.

Jonathan described the occasion as another milestone in the history of cement production in Nigeria, saying it was in line with the government’s policy designed to ensure self sufficiency in cement production.

The President expressed appreciation to the company for their strides in increasing cement production in country, applauding the efficiency of the company’s management for the new factory coming, just five years after the company’s first 2.5 million metric tonnes plant in 2009.

According to the President, “Today’s event by UniCem is yet another milestone for the company, the industry and the nation at large as this event brings additional 2.5 million metrics to the nations existing capacity.

“I am particularly impressed that after 5 years of inauguration of the first Line, we are gathered here today to break grounds for additional 2.5 million metric tons per annum cement Line.

“I am also very delighted, that this investment will create additional jobs for the teeming youths and contribute to the Gross Domestic Product (GDP) in addition to the various impacts enumerated as benefits of the first 2.5 million metric tons.

“I am equally delighted because this investment will address cement demand in the future given the estimation that Nigeria’s consumption per kiloton will grow at an annual rate of over 50% by 2020 and therefore the need for sustenance of our self-sufficiency in cement production.

“Government will continue to support the growth of the Manufacturing sector which today is the backbone of Nigeria’s economic growth as part of the transformation agenda through formulation of friendly business policies to drive the desired investment in Nigeria.”

UNICEM 3

Jonathan, who was represented by Vice President Namadi Sambo, also said the 550 Megawatts Independent Power Project, IPP plant in Calabar will soon be commissioned.

The President also confirmed what his transport minister said a few days ago that the contract for the dredging of the Calabar seaport has been signed.

follow us on twitter @crossriverwatch

Since You Are Here, Support Good Journalism


CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.

CLICK HERE

New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here


Expose Your Business And Make More Sales. Advertise On CrossRiverWatch.com Today

You may also read!

#Calabar: Sen. Gershom Bassey’s Home, Garment Factory, WAEC, Spar, Police Station, Charles Walker, First Bank, Others Touched By Hoodlums

By Archibong Jeremiah Despite the curfew, ransacking of Government and private properties in Calabar, the Cross River State capital

Read More...

Law Enforcement To Go After Hoodlums, Tighten Curfew

By CrossRiverWatch Admin Sources within the security circle have informed CrossRiverWatch that law enforcement agencies may go after a

Read More...

Gov. Ayade Addresses Cross Riverians, Says Their Concerns Will Be Treated

Being full text of the Cross River State Governor, His Excellency, Sen. Ben Ayade’s broadcast to the State following

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now