BIPC Announces Plans to Invest in Cement Production to Break Dangote Monopoly in Benue

The Managing Director of the Benue Investment and Property Company (BIPC), Dr. Raymond Asemakaha Jr., has revealed that the state-owned company is set to venture into cement production as part of efforts to end the current monopoly held by Dangote Industries in Benue State.

Dr. Asemakaha stated that Dangote remains the sole producer and seller of cement in the state, a situation the new initiative aims to challenge by introducing competition. The entry of BIPC into the cement market is expected to not only diversify supply but also create numerous job opportunities for residents across the state.

The announcement has been hailed as a positive step toward economic empowerment and industrial growth in Benue. The MD extended congratulations to the people of the state and expressed hope that similar bold investments would spread to other states and the nation at large to address the soaring price of cement, which he described as excessively high for the average Nigerian.

Supporters have rallied behind the move with the slogan “Benue State Must Be Great Again,” viewing it as a practical response to harsh economic realities and a model for self-reliance in resource-rich regions.

The development signals a strategic shift for BIPC under the current administration, focusing on key sectors that directly impact cost of living and employment while fostering local industry.