NIGERIA – BUA Cement plc, one of the largest cement producers in Nigeria, has inaugurated a new cement plant in Sokoto State Nigeria.
The plant was commissioned by Nigeria’s President Major General Muhammadu Buhari (Retd.)
It is estimated to produce three million metric tonnes of cement per annum.
This follows BUA Group’s earlier investments in other states bringing a total production capacity to more than 11 metric tonnes.
It is in line with the Federal Government’s policies on economic diversification to create jobs as well as create an enabling environment.
The group enjoys the privileges of being the largest employer of labor in the North-West region of the country.
It plans to complete two more plants that will source locally available raw materials to produce cement in Nigeria.
President Buhari pledged to support serious investors during his regime to set up businesses that will take advantage of huge reserves of resources in different parts of the country.
”It is therefore very clear for all to see that our policies are working. Progress is gradually being made in all parts of the country,” Buhari said.
He reiterated that BUA had shown through these investments that it believes in Nigeria and its potential.
He pledged that BUA would continue to invest more in the cement industry until Nigeria is self-sufficient and the commodity is made available, accessible, and affordable for all Nigerians.
BUA plans independent power production
Earlier, Chairman of BUA Group, Abdul Rabiu signed a 70megawatts dual-fuel power plant with Wartsila OY of Finland.
The Finland company is to construct a power plant for the BUA Cement Sokoto Line 4 in North-West of Nigeria, Sokoto State.
It will increase the production capacity within Nigeria over the next 3 years with new plants in the works.
At the signing ceremony, the Chairman of BUA Cement Plc acknowledged the importance of continued investment in the region.
This follows the already completed construction of a 48-megawatt power plant for Sokoto Cement line 3 in Sokoto State.
He stated that BUA Cement will keep up its investment strategy in the West African Cement industry to position itself as the bridge between the huge infrastructure and housing deficit.
Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE
