BUA Cement has announced plans to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde, Adamawa State.
The Chairman of BUA, Abdul Samad Rabiu, disclosed this in a statement made available to the News Agency of Nigeria (NAN) on Sunday in Lagos.
Rabiu led the company’s management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri after preliminary findings revealed that Guyuk and Lamurde areas had quality limestone.
“Preliminary findings show that the two local governments of Guyuk and Lamurde are reputed to have good quality 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.
“Guyuk Cement Plant will be a major investment in the North-East by BUA, while we solicit the support of Gov. Umaru Fintiri to set up the factory in Guyuk,” he said.
Rabiu said that the company had made a decision to source its raw materials locally, adding that it had invested billions of dollars in various sectors across Nigeria.
He urged the state government to support BUA to actualise the Guyuk Cement project.
He also hailed the governor’s commitment in developing the state within one year in office, despite the economic challenges in Adamawa.
Responding, Gov. Ahmadu 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 assured the management team of BUA that government would make available whatever was needed and provide the necessary support to make the project a reality.
“The government is ready to protect the investment once it is established and this administration will maintain the good relationship with the company for the benefit of the state.
According to the statement, 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 14 million metric tonnes per annum.
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