Chairman of BUA Group of Companies, Abdul Samad Rabiu, has revealed that the proposed cement plant in Guyuk and Lamurde in Adamawa state, if established will provide 3,000 direct and 5,000 indirect jobs.
The arrangement to establish a three million metric tonnes cement plant and 50 megawatts power plant in the two Local Government Areas was revealed by the Chairman of the company when he led a management team on a courtesy call to Governor Ahmadu Fintiri of Adamawa at the Government House in Yola.
The Chairman of BUA, asserted that the 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.
According to Rabiu, “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”
He stressed that the Guyuk Cement Plant will be the major investment in the North-East by BUA and solicited for the support of Governor Fintiri to set up the factory in Guyuk.
Speaking on how to get the raw materials, Rabiu said the company has decided to source its raw materials locally; saying that it has invested billions of dollars in various sectors across Nigeria.
He therefore, urged the state government to support BUA to actualise the Guyuk and Lamurde cement project.
Rabiu applauded the commitment of the governor for developing many sectors despite the economic challenges in the state.
Governor Fintiri, while responding, said his administration’s effort in exploring local content 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 the government will make whatever is needed available and provide the necessary support which will create an enabling environment so that the company in Guyuk will become a reality.
Fintiri also expressed the readiness of the government to protect the investment once it is established, adding that his administration will maintain a good relationship with the company for the benefit of the state and the citizens.
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.