Categories: BusinessOn the Go

BUA Cement to set up cement, power plants in Adamawa

Oluseyi Awojulugbe

BUA Cement says it will establish a 3 million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state.

Abdul Samad Rabiu, BUA chairman, disclosed this during a courtesy call to Ahmadu Umaru Fintiri, the Adamawa state governor.

Rabiu said preliminary findings show that Guyuk and Lamurde local government are reputed to have a good quality of limestone deposits adding that the company is ready to begin investing in the state.

He added that BUA will use new technologies to supply power to the proposed cement plant and communities of Guyuk and Lamurde in addition to providing 3,000 direct and 5,000 indirect jobs.

The chairman explained that the Guyuk Cement Plant will be the major investment in the north-east by BUA and solicited for the support of Fintiri to set up the factory.

Rabiu said the company has decided to source its raw materials locally and has invested billions of dollars in various sectors across Nigeria and urged the state government to support BUA to actualize the Guyuk Cement project.

In response, 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 that the 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.

He also expressed the readiness of the government to protect the investment once it is established and told them that his administration will maintain 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 be operational in 2021 and when completed, the Guyuk Cement Plant will bring BUA’s total capacity to 14 million metric tonnes per annum.

Recent Posts

  • Viewpoint

Sanwo-Olu, the governor who empathises

If you're looking for a good telling of humans of Lagos stories, you should check out the social media handles…

August 4, 2020 7:52 AM
  • Viewpoint

Nigeria and Chinese loans 

The relationship between Nigeria and China with regard to loans obtained from the latter to fund Nigeria’s infrastructural projects suddenly…

August 4, 2020 7:47 AM
  • On the Go
  • Policy Radar
  • Top Stories

Follow The Money saved govt N50bn in 2019, says Hamzat Lawal

Hamzat Lawal, the founder of Follow The Money International, says his social accountability movement saved the Nigerian government N50 billion,…

August 4, 2020 1:49 AM
  • Business
  • On the Go

Custodian Investment purchases 51% stake in UPDC Plc

Custodian Investment Plc and UAC of Nigeria Plc have signed a binding agreement for Custodian to purchase a 51 percent…

August 4, 2020 12:59 AM
  • Coronavirus Watch
  • On the Go

COVID-19 infections hit record low as NCDC confirms 288 new cases

For the second consecutive day, the number of COVID-19 infections in the country hit a record low as the Nigeria…

August 4, 2020 12:53 AM
  • Your Say

2023: Mamman Daura’s bombshell and matters arising

Mallam Mamman Daura, President Muhammadu Buhari’s nephew, recently caused a stir across the Nigerian socio-political landscape, when he decided to…

August 4, 2020 12:24 AM