Post Views: 129 The management of BUA Cement Plc, on Friday, announced plans for a brand new three million metric tonnes per annum, fitted with a 50-m...
The management of BUA Cement Plc, on Friday, announced plans for a brand new three million metric tonnes per annum, fitted with a 50-megawatt power plant in Guyuk and Lamurde local governments of Adamawa state, North-East Nigeria.
The plant, according to Abdul Samad Rabiu, the company’s chairman, when he led management of the company on a courtesy visit to the Governor of Adamawa State, Ahmadu Umaru Fintiri in the Government House, Yola, will create 8,000 direct and indirect jobs in the state, and bring BUA’s installed capacity to 14mmtpa when completed.
Rabiu told his host of preliminary findings showing that the two local governments of Guyuk and Lamurde have good quality of limestone deposits, for which BUA Cement is ready to invest in the state.
He pledged that BUA will use new technologies to supply power to the proposed cement plant and communities in addition to providing 3,000 direct and 5,000 indirect jobs.
The chairman stressed that the Guyuk Cement plant will be the major investment in the North East by BUA, and in line with the company’s resolve to source it s raw materials locally, following which it has invested billions of US$ in various sectors across Nigeria.
Soliciting the support of Governor Fintiri to set up the factory in Guyuk, Rabiu urged the state government to support BUA to actualize the project, even as he praised the commitment of the governor in many sectors of development within one year in office, despite the economic challenges in Adamawa.
Responding, the governor said his administration’s effort at exploring local contents has started yielding results, expressing appreciation to the management of BUA for showing interest in establishing a cement plant in Guyuk. He further assured the team that government will provide the necessary support to create an enabling environment for the project to become a reality.
He also expressed his administration’s readiness to protect the investment once it is established, while maintaining a good relationship with the company for the benefit of the state.
BUA is Nigeria’s second largest cement Producer by volume with cement plants in Sokoto and Edo States. The company’s newest plant in Sokoto is expected to become operational in 2021.