‘Federal  Govt’s Favourable Conditions Boost BUA Cement Production By 300%’

 
Fri May 27th, 2022 - Niger
 

The minister of Information and Culture, Alhaji Lai Mohammed, has attributed BUA Cement’s massive increase in production, especially since 2015 to conducive business environment provided by the federal government.

The minister stated this yesterday, during a media tour of BUA Cement’s Sokoto Plant, according to a statement from the ministry.

Mohammed listed the favourable conditions as including the granting of Pioneer Status which enables BUA Cement to enjoy tax holiday; the ban on importation of cement; backward integration policy and the divestment of government shares from cement companies.

‘’Thanks to these conditions, BUA Cement has recorded more than 300 per cent increase in production between 2015 and now. That’s from 3.5 million tonnes per annum in 2015 to 11 million tonnes per annum now,’’ he said

Mohammed said the Sokoto Plant has created 10,000 direct and indirect jobs and is also earning foreign exchange for the country by exporting its products to Niger, which is just 100 kilometres from the location of the plant, as well as Burkina Faso, especially during th raining season when construction work is at its lowest point.

He commended the chairman of BUA Cement, Abdul Samad Rabiu (and his entire team), for his undying belief in Nigeria, saying: ‘’There is no better indication of BUA’s support for the government’s economic diversification and job creation agenda than the company’s massive investments in Nigeria.’’

The minister said that in the last five years, BUA has completed four new cement plants of similar capacity in different parts of the country and is set to complete two more plants soon. It is expected that total production for BUA Cement will amount to 17 million tonnes per annum by 2023.

 
 

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source: Leadership