BUA Hails CBN for Timely Completion of $350m Kalambaina Cement Plant

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“I must say however that this project ($350 million BUA 1.5 metric tonnes Kalambaina cement plant) would not have been possible without the effort by the President Muhammed Buhari led administration to put deliberate policies in place to support key industries in the real sector – from agriculture to manufacturing.”

Those were the words of Abdul Samad Rabiu , Chairman /CEO BUA Group, during the commissioning ceremony of the BUA Kalambaina cement plant  in Sokoto State by  the Vice President of Nigeria, Yemi Osinbajo , yesterday.

“Through these policies, the Central Bank of Nigeria, CBN, provided enough foreign exchange for heavy machinery to come in and this was helpful in completing the project on schedule.

“I, therefore, want to commend the administration for the policy because without that, it may not have been possible to complete the plant.  Mr. Vice President Sir, let me add that what we have done here is a pointer to the fact that Nigeria is ready for business with the right policies and right operating environment.

“Your Excellency Sir, this plant which you have commissioned is very unique – from various viewpoints – be it its location, its economic value and social impact, huge limestone deposits, human capital potential, amongst others. These were some of the things we took into consideration when we made the decision to site this plant here.

Osinbajo said that the project was an important milestone not only for BUA Group of companies but Nigerians at large, adding that the country produces 40 million metric tonnes of cement annually for now.

On his part, Aminu Waziri Tambuwal Sokoto State Governor, stated that Sokoto is one of the states in Nigeria with lots of unexplored natural resources. Tambuwal who, said they have created enabling environment for investors in the state, added that, the state’s independent power project is already at 80 per cent completion.

Nigeria Industrial Digest learned that with the plant, the total production capacity of BUA Cement assets in Nigeria is about 6 million metric tonnes per annum. This is about 35 percent total volumes of cement production contributed by BUA Cement in the country.

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