One of West Africa’s largest cement companies, BUA Cement, says it is set to establish a three million metric tonnes cement plant in Adamawa State.
A statement from the company made available to our correspondent indicated that it would also build 50-megawatts power plant in the same state.
They would be established in Guyuk and Lamurde Local Governments Areas of Adamawa State respectively, it added.
The Chairman of BUA, Abdul Samad Rabiu, the statement indicated, disclosed this when he led the management team on a courtesy call to the state Governor, Ahmadu Fintiri in Government House, Yola.
Rabiu said the company would invest in the state because it had deposit of good quality limestone.
He 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.
He added that the Guyuk cement plant would be the major investment in the North East by BUA and solicited for support of the governor to set up the factory in Guyuk.
Rabiu said the company made a decision to source its raw materials locally and it had invested billions of dollars in various sectors across Nigeria.
He commended the governor’s commitment in developing the state in various sectors within his one year in office.
Responding, Governor Fintiri said his administration’s effort in exploring local contents had 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 his administration would make available whatever was needed and provide the necessary support which would create enabling environment for the company to flourish.
He also expressed readiness of the government to protect the investment once it was established .
The statement further indicated, “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. When completed, the Guyuk Cement Plant will bring BUA’s total capacity to 14million metric tonnes per annum.”