Cement production will soon commence at the Nigeria Cement Company in Nkalagu, Ebonyi State.
This followed the signing of deed of understanding/terms of settlement between NIGERCEM and representatives of the four host communities- Nkalagu,Nkalaha,Umuhuali,Amaezu and the Ebonyi State Government.
With the signing of the pact in Abakaliki on Friday, the legal battle that had stalled the reopening of the once foremost indigenous cement production firm has been put to rest.
The parties resolved to appear in court on Monday to notify the court about the withdrawal of the suit filed by Eastern BulkCem, a subsidiary of Ibeto Group.
The immediate past administration,led by Martin Elechi, was alleged to have turned down suggestions for an out of court settlement, against Dr.Cletus Ibeto,who had tried to revamp the cement factory which was popularly known as Nkalagu Cement Factory.
The Ebonyi State Governor, David Umahi; Ibeto and the SSA to the Governor on Cement Production, Hon. Sunday Ugwuocha described the signing of the MoU as milestone towards the revitalisation of the company.
Umahi,who said he had in line with the popular demand of the host communities promised to allow Ibeto revamp the firm, noting that the journey to its realisation was not an easy one.
He said: “When we were campaigning under divine mandate platform, the only request that the communities made was that Ibeto should be allowed to come and revamp NIGERCEM and we did promise them that that was going to be done.”
Umahi, who thanked the Cement Production Implementation Committee set up by his administration,for doing a good job ,assured Ebonyi people that their 10per cent equity ownership of NIGERCEM was still intact.
“Let me announce to Ebonyi people that our 10% equity with NIGERCEM is still alive,” he assured as he described the land of Ebonyi as a land made up of limestone,gold,frankincense,silver,lead, zinc, etc.
“My prayers all the time is for the land of Ebonyi to vomit all the limestones,the gold,the frankincense,silver, the bauxite, lead, zinc that the land has swallowed,and it has to started with Ibeto.
The core investor,Dr.Ibeto, praised Umahi’s ruggedness, saying Ebonyians owed him(governor) for ensuring that the journey to revamp NigerCem started on a good footing.
He thanked governor Umahi for creating the enabling environment for the take off of NIGERCEM
The chairman,Cement Implementation Committee,Chief Fidelis Nwankwo,in his opening remarks,had said the signing of the deeds marked the realisation of an age long struggle by the Ibo race to revamp NigerCem.