Vice-President Yemi Osinbajo on Tuesday Commissioned BUA Group’s 1.5million metric tonnes Kalabaina Cement Plant in Sokoto State which gulped $350 million to build.

Speaking at the commissioning of the new cement plant which on full utilization will provide at least 2,000 direct and 10,000 indirect job opportunities, Osinbajo called on BUA Group to collaborate with other major cement manufacturers toward achieving reduced cement price to drive infrastructure development in the country.

Osinbajo noted that the inauguration of the plant was a milestone, not only for BUA Group, but for the cement industry and the nation’s economy.

According to Osinbajo “Nigeria now produces over 40 million metric tonnes of cement. More cement than any other country in Africa. The citing of the Kalabaina cement factory by BUA is a demonstration that Nigeria has vast potentials which investors should explore”.This achievement by BUA he noted, “Will consolidate Nigeria’s self-sufficiency in cement production, and boost our status as a NET exporter of cement. The significance of this feat cannot be over-emphasised as we explore opportunities to diversify the country’s earnings away from oil.

“The National Infrastructure Master Plan recommends that we need to spend $3 trillion to bridge the infrastructure gap as well as five percent of GDP annually”.

Making his address, the Executive Chairman/Chief Executive Officer, BUA Group, Abdul Samad Rabiu, attributed the milestone achievement being experienced in the country’s cement industry to deliberate policies put in place by the administration of President Muhammadu Buhari to support the real sector.

He noted that through some of the policies, the Central
Bank of Nigeria (CBN) provided adequate foreign exchange for import of machinery, which has been helpful in completing the project on schedule.

Highlighting some of the unique features of the plant, Rabiu noted that the plant “Can run on either coal, heavy oils or a mixture of both thereby putting less pressure on our operations whilst improving energy-efficiency.

“By also using coal to power our kiln, we expect to save over 70% in terms of energy costs compared to if we had to use over 15 million litres of fuel oil per month or about 400 tonnes or 20 trucks of fuel oil per day.

The BUA Chief also added that, “The second line of our $1 billion Obu Cement Complex in Okpella, Edo State – which was commissioned in August 2017 will be completed by the end of this year and by the time that plant is completed, BUA Cement’s total production volumes will be in excess of 8 million tonnes which will represent over 35percent of the entire volume produced in Nigeria”.

[b]http://www.akelicious.net/2018/07/photos-osinbajo-inaugurates-buas-350m.html

This another feather to the cap of this administration. This will surely provide employment for some and as well bring about development in the country. It will also bring about a competitive market in the production of cement in the country and be an avenue for business opportunities for many.

This is an economy that must be built from the scratch, be self-sustainable, diverse (non dependent on crude oil), and highly productive. In as much as we love to hate this government but we must see what is happening in Nigeria's economy as "birth pangs". With all this drive especially in refining our own crude oil, improvement in the agricultural and manufacturing sector, it would only be a matter of time before we experience real progress in this country.

Nice one from BUA CEO, at least it will reduced the price of cement. limestone is enormous in the north.

When will cement sell for below N1000 again?

Jethrolite:
When will cement sell for below N1000 again?

When there is healthy competition, and reduction in cost of production. We have the capacity and raw materials to produce and even export and earn forex: this is what this administration is about.

Ehiscotch:
When there is healthy competition, and reduction in cost of production. We have the capacity and raw materials to produce and even export and earn forex: this is what this administration is about.

How is this administration helping because personally I feel Osinbajo will be scolded for some remarks he made at BUA plant commissioning.

This is another means of boosting our economy..also providing employment opportunities for our youth....

Okay

Make dem announce vacancy biko

iyuhgtr

Osinbajo is asking for reduced cement price an act showing that he is intelligent and which GEJ did throughout his tenure. GEJ lowered cement price to N1,400 per bag. It is one thing to be a leader It is another to feel the pains of those you are leading.

Osinbaje... wellllllllldone

Nice one....God bless Nigeria.

Well done.

No oyibo around the ribbon today. Seems this project was done strictly by Nigerians. Signs of good things to come

Well done BUA

Nice one.

please what did he say because i didnt watch it, would like to know

Jethrolite:
How is this administration helping because personally I feel Osinbajo will be scolded for some remarks he made at BUA plant commissioning.

It can only get better under them. Let's give them another 4 years biko

kunlesmiles:
Make dem announce vacancy biko

People that will start working there are already on ground even before the completion of the cement plant. This is Nigeria.

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EZENDIZUOGU:
please what did he say because i didnt watch it, would like to know

He said cement was too expensive in Nigeria.

Oya make una build oil refinery too .......

.

OK. We are waiting for government projects your regime started and completed (probably constructed with BUA cement).