Nigerian Firm Unveils Calcium Carbonate Production Plant for Economic Growth
Izedon Carbonates, an Edo State-based firm, has inaugurated its production plant in Lampese, aiming to boost Nigeria's non-oil revenue by reducing the importation of calcium carbonate. The move is part of efforts to diversify the country's economy.
A Nigerian firm, Izedon Carbonates, has launched its first-ever calcium carbonate production plant in Lampese, Edo State, as part of efforts to diversify the country's non-oil revenue stream and decrease reliance on imported calcium carbonates. The move is expected to contribute positively to Nigeria's economy by creating new jobs, stimulating local economic growth, and reducing the nation's trade deficit. By establishing this facility, Izedon Carbonates aims to increase domestic production of calcium carbonate, a critical component used in various industries such as construction, paper production, and pharmaceuticals. This development is seen as a significant step towards promoting self-sufficiency in essential minerals and supporting Nigeria's economic diversification efforts.
