Bua Cement is planning the construction of a huge cement plant in Nigeria in Adamawa state that will also involve construction of a 50 megawatts power plant, the chairman of the cement maker has announced.
Abdul Samad Rabiu said that Guyuk and Lamurde , the area where the huge cement plant will be constructed have good quality of limestone deposits.
“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,” he said.
The Chairman stressed that the Guyuk Cement Plant will be the 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.
In addition, he praised the commitment of the governor within one year in office in many sectors of development despite the economic challenges in Adamawa.
Governor 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 further assured the management team of BUA that government will make whatever is needed and provide the necessary support which will create enabling environment so that the BUA Cement company in Guyuk will become a reality.
BUA Cement Plc is a member of the BUA Group, a diversified conglomerate founded in 1988 with a portfolio comprising a wide range of businesses including sugar refinery, real estate, oil mills as well as ports and terminal.
It is the second largest cement maker after Dangote Cement with mega cement plants in Sokoto and Edo States.
The Company’s newest plant in Sokoto is expected to be operational in 2021. When completed, the Guyuk Cement Plant will bring BUA’s total capacity to 14million metric tonnes per annum.