Church Seeks Revival of Moribund Nkalagu Cement Factory

Business News

I strongly appeal to the South East Governors to revive the Nigeria Cement Company (NIGERCEM) Nkalagu so it can create jobs for the local people.”

The Bishop, Methodist Diocese of Onitsha, Rt. Rev. Livinus Biereonwu Onugha made the call in his address at the 16th  Annual Diocesan Synod of the Church,    titled, “Strive for Peace and Holiness” held at All Saints Methodist Church, Ukpor /Oraukwu Street Fegge, Onitsha, Anambra State.

I feel so bad to hear that Anambra Motor Company, ANAMCO, assembling plant in Enugu which used to be the pride of the South Easthas been sold,” he lamented

He appealed to the Chairman of South East Governors Forum to explore an avenue to interact with business men and women of South East to seek ways and means to help each other.

“We can without the Federal Government make the South East industrial hub to attract the international community,” he said.

Nigeria Industrial Digest learned that the plant was the first in Nigeria when it opened in 1954. It later closed in 2003 after it was privatised. The Ebonyi state government signed a memorandum of understanding with Ibeto Group in 2016 to revive the plant.

Prior to its sale, it was jointly owned by the Federal Government which had 11 per cent, the five south-east states, 65 per cent, and the general public, 24 per cent.

The privatisation led to the emergence of Eastern Bulkcem Nigeria Limited as the new strategic core investor with a 65 per cent stake in NIGERCEM. But for now, Ebonyi, the host community, has 10 per cent equity in the NIGERCEM.

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