The Vice-President, Prof. Yemi Osinbajo,
has described BUA’s $1bn cement factory in Okpella, Edo State as a
consolidation of Nigeria’s self-sufficiency in cement and a big boost to
the nation’s export capacity...
Osinbajo, who also performed the
ground-breaking ceremony for the second phase of the three million
metric tonnes cement capacity, restated the Buhari-led administration’s
commitment to providing an enabling business environment, while going
the extra mile to directly assist private sector in steadily growing
the economy.
He added that the present administration
was working very hard with the Industrial Policy Council to evolve and
implement well-considered solutions to business impediments and economy
stagnation in the country.
He said, “I am extremely proud to be a
Nigerian and I’m sure that several of us here are. This is a wholly
Nigerian enterprise and we know that the planning, the execution and
successful establishment of this industrial complex were done by a
Nigerian and by a Nigerian team.
“The construction of this plant is of
course, a big boost to the Nigerian economy, it will provide thousands
of direct jobs and indirect jobs, both for skilled and unskilled workers
from the commencement of the construction of the plant to the
smooth-running of the operation processes.
“At the level of production it also
means the consolidation of Nigeria’s self-sufficiency in cement and a
big boost to our export capacity.”
The Chairman/Chief Executive Officer,
BUA Group, Abdulsamad Rabiu, also said that the inauguration of the
plant was an important milestone for the group, the cement industry and
the Nigerian economy.
He said, “This marks an important
milestone, not only for the BUA Group but also for the Nigerian cement
industry and the Nigerian economy in general as we witness the official
commissioning of the three million tonnes Obu cement plant, as well as
the ground breaking of the second line of three million tonnes plant.
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