BUA’s total production capacity now stands at 11 million tonnes with the completion of its 3 Million Metric Tonnes Cement Plant in Sokoto.
Nigeria’s president, Mohammadu Buhari who commissioned this new plant, alongside a 48 Megawatts power plant on Thursday noted that the Federal Government’s policies on economic diversification, job creation, and creating an enabling environment for businesses to thrive are working.
“I am pleased that through these investments, BUA Cement has created employment opportunities for our citizens. Today, BUA is the largest employer of labour in the North-West region”, he said.
While acknowledging the support of the Central Bank of Nigeria (CBN) and its Governor in setting up the project, the Chairman, BUA Cement, Abdul Samad Rabiu disclosed that over a billion dollars have been invested so far into the project in the past four years.
He also disclosed that 95% of the materials used in production in the company are locally sourced.
The features of the plant include: 2Million mtpa combined installed capacity (Lines 1 and 2); 48 Megawatts captive Power plant & Coal Mill Efficient Kilns popularly known as the heart of the Cement Plant; cement Silos with a combined total storage capacity of 25,000 tonnes – 25,000 (10,000 + 10,000 + 2,500 + 2,500); gas analyzers used in regulating carbon emissions released into the atmosphere and air purifying mechanisms setup to enhance the quality of air released from the cement manufacturing process.
Also, a new 3Million mtpa line (III) is currently under construction and is expected to be on stream by 2021.
Rabiu, who recently emerged Forbes’ fifth richest man in Africa, revealed the company’s plan to complete the construction of two new plants of 3 million metric tonnes each in Edo and Sokoto, bringing the company’s total production capacity to 17.5million metric tonnes.
Investors King had earlier reported that Rabiu emerged the fifth richest person in Africa on the Forbes’ Top 10 Africa’s Billionaires List.
According to Forbes, Rabiu became $1.5 billion richer after taking yet another of his companies public. In early January 2022, Rabiu listed his sugar and food firm BUA Foods on the Nigerian stock exchange. He and his son retained a 96% stake in the company, which recently had a market capitalization of nearly $2.8 billion.
