Daily Trust reporting on the Economist forum:
“In our cement sector, we had that vision and we said let us properly industrialise. By this, we mean that our raw materials are almost 90 percent locally sourced. So we only need foreign exchange to buy spare parts, pay some of our expatriate staff salaries in dollars and a get a little bit of gipson which is not readily available here.” He said that the only option left for businesses in Nigeria was to export. “We now have capacity to export cement worth about 500 million dollars on an annual basis. With that, it means that we are self-sufficient.