Home Production Companies Have Made Nigeria Self-Sufficient In Cement -Buhari
President of Nigeria, General Muhammadu Buhari has said that local manufacturing firms have made Nigeria self-sufficient in cement production. ICIR reports.
The president, who made revealed this at the inauguration of new BUA Cement Plant of three million metric tonnes in Sokoto State on Thursday, praised the manufacturing plants for creating thousands of jobs. Information Guide Nigeria
“Today, BUA and other numerous enterprises have made Nigeria self-sufficient in cement and net exporter”.
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Nigeria’s cement production capacity has exceeded 40 million metric tonnes, with Dangote Cement the industry leader, followed by BUA and Lafarge. The country has met local demands and is currently exporting to African countries.
Buhari praised the efforts of BUA Cement Group in enabling cement sufficiency in the country and the work it was doing in pushing economic diversification and job creation.
“You know one of the pillars of the current administration is creating an enabling environment for businesses to thrive. The BUA Cement plant is the highest employer of labour in the north-western part of the country”. jamb results
“I’m here to commission this multi-billion naira project. It is therefore very clear for all to see that our promises are working. Progress is being made in various parts of the country as I also commissioned projects in Ogun and Kaduna States.”
The president further said that BUA had completed four new cement plants with similar capacity in the last five years in different parts of the country.
Buhari stressed that through its numerous investments in the manufacturing sub-sector, BUA had shown that it believed in Nigeria and its full potential.
In his remarks, Central Bank Governor Godwin Emefiele said the backward integration of the present administration and the ban on 43 items in 2015 were currently yielding positive results.
Emefiele said the backward integration in the cement manufacturing sub-sector had seen more manufacturers explore investment opportunities in the sector.
“Production capacity of cement now doubled from 30 million metric tonnes to 60 million metrix tonns,” Emefiele said.
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