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IN March 2017, the Federal Government announced that Nigeria had attained self-sufficiency in cement production. Leading a team of officials to the Ibese, Ogun State plant of Dangote Cement, the immediate former Minister of Mines and Steel Development, Kayode Fayemi, had commended Dangote for spearheading the feat.
According to Fayemi (now Governor of Ekiti State): “We exported nearly 0.4MT (metric tonnes) into neighbouring countries and in doing so, we achieved a great milestone by transforming Nigeria into a net exporter of cement.
“This is a remarkable achievement, given that only five years ago, in 2011, Nigeria was one of the largest importers, buying 5.1MT of foreign cement at huge expense to our balance of payments”.