LAGOS, Nigeria, MON, JULY 06 2020-theG&BJournal-BUA Cement (www.BUAgroup.com) said on Monday that it is set to establish a three million metric tonnes cement factory and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North East Nigeria.
BUA, one of West Africa’s largest Cement companies, 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 be operational in 2021.
The company said, ‘’when completed, the Guyuk Cement Plant will bring BUA’s total capacity to 14 million metric tonnes per year.’’
The plan for the new multi-million naira investment was disclosed by Chairman of BUA Group, Abdul Samad Rabiu who led the BUA Cement Management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri in the Government House, Yola.
Speaking during the visit, Abdul Samad Rabiu said preliminary findings show that the two local governments of Guyuk and Lamurde are reputed to have good quality of limestone deposits and BUA Cement is ready to begin the investment in the state.
‘’BUA will use new technologies to supply power to the proposed cement plant and communities of Guyuk and Lamurde in addition to providing three thousand direct and five thousand indirect jobs,’’ Samad Rabiu told his host in Yola.
He noted that the Guyuk Cement Plant will be a major investment in the North East by BUA and solicited for support of Governor Umaru Fintiri to set up the factory in Guyuk. Rabiu said the company made a decision to source its raw materials locally and it has invested billions of dollars in various sectors across Nigeria and therefore urged the state government to support BUA to actualize the Guyuk Cement project.
Responding, Governor Ahmadu Umaru Fintiri said his administration’s effort in exploring local contents has started yielding results and thanked BUA for showing interest in establishing the cement plant in Guyuk.
He assured the management team of BUA that the State government will make whatever is needed available and provide the necessary enabling environment so that the BUA Cement company in Guyuk will become a reality.
He also expressed readiness of the government to protect the investment once it is established and assured that his administration will maintain the good relationship with the company for the benefit of the state and the Company as well.