Just In: Stakeholders Back Nwifuru’s Plan To Borrow ₦150bn for State-Owned Cement Factory
Stakeholders in Ebonyi State have commended Governor Francis Nwifuru for proposing a ₦150 billion loan to establish a state-owned cement factory, describing the move as a bold step toward fast-tracking industrialization and economic growth. The commendations follow the presentation of the state’s 2026 budget, estimated at an unprecedented ₦884.87 billion and tagged “Budget of Actualization and Hope.” Governor Nwifuru, during his budget presentation at the Ebonyi State House of Assembly on Tuesday, disclosed that the loan would be channeled into the construction of a brand-new cement factory to boost the state’s industrial capacity and tap into its vast mineral resources. He noted that the initiative forms part of the administration’s long-term investment strategy. Reacting to the development, the Commissioner for Information and State Orientation, Barr. Ikeuwa Omebeh, said the historic budget is a direct outcome of the post-subsidy economic reforms, improved transparency, and pr...
