BUA Group, is to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde Local Government areas of Adamawa State according to Vanguard Nigeria.
The Chairman of BUA Group, Abdul Samad Rabiu, revealed the Company’s plan when he paid a courtesy call to Governor Ahmadu Fintiri of Adamawa State at the Government House, Yola.
According to him, preliminary findings shows that Guyuk and Lamurde local government areas of the state has large deposits of good quality limestone, which the Company is ready to invest on.
He added that the proposed cement plant will supply power to the and communities and in addition to providing 3,000 direct and 5,000 indirect jobs.
The Chairman 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.
Rabiu also said the company made a decision to source its raw materials locally and it has invested billions of dollars in various sectors across Nigeria and, therefore, urged the state government to support BUA to actualise the Guyuk cement project.
In addition, he praised the commitment of the governor to developing many sectors despite the economic challenges in Adamawa.
Governor Fintiri responding to the new development, 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.
Fintiri assured the management team of BUA that the government is ready to give all the necessary support needed to see to the actualization of the development.
The governor, further expressed government readiness 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.
The completion of the new proposed plant in Adamawa state will boost BUA’s total capacity to 14 million metric tonnes per annum.
BUA is one of Nigeria’s leading cement producer, major competitor to Dangote cement and is also the second-largest cement producer by volume, with cement plants in Sokoto and Edo states.