President Goodluck Jonathan, yesterday, performed the ground-breaking of the N100bn expansion project for Ashaka Cement’s new 2.5million metric-tonne capacity cement production line in Gombe, North East Nigeria.
The project, which will be completed within three years, will increase the company’s current production capacity of over one million metric tonnes to about four million metric tonnes while creating a lot of jobs.
Jonathan, who was represented at the event by Olusegun Aganga, the Minister of Industry, Trade and Investment, said the new investment was a testimony of global investors’ growing confidence in the Nigerian economy as well as the Federal Government’s commitment to transforming the Nigerian economy, leaving out no region.
The President added that the current administration would continue to provide a conducive environment for industry, trade and investments to thrive in line with its Transformation Agenda.
He also disclosed that Government had commenced plans to bring down the price of cement.