168 Views

Osinbajo Commissions BUA’s $350m Kalabaina Cement Plant

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.

ALSO READ  Inspiring: Yemi Osinbajo Shares Story Of Typist ‘Who Only Had SSCE’ But Just Sent Him A Car

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”.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Posts

Study: Anticipating Emails After Work Hours May Harm Workers’ Health
Food and Health
4 views
Food and Health
4 views

Study: Anticipating Emails After Work Hours May Harm Workers’ Health

PH - August 14, 2018

Even during off hours, the mere anticipation of communication from superiors increases a strain on employees, a study has found. According to the study, employees do not…

‘Go and show how brilliant you are in court’ — MURIC mocks Falz over clampdown on his song
Entertainment
9 views
Entertainment
9 views

‘Go and show how brilliant you are in court’ — MURIC mocks Falz over clampdown on his song

PH - August 14, 2018

The Muslim Rights Concern (MURIC) has praised the National Broadcasting Commission (NBC) and the National Film and Video Censors Board for the clampdown on Falz’s ‘This Is…

Toke Makinwa Launches Skincare Product ‘Glow by TM’
Business
12 views
Business
12 views

Toke Makinwa Launches Skincare Product ‘Glow by TM’

PH - August 14, 2018

Toke Makinwa, Nigerian on-air-personality, has launched her skincare brand, ‘Glow by TM’. A few days ago, the singer drew the ire of many on social media after…

3 Found Guilty of Killing Nigerian-born UK Model, Harry Uzoka
Entertainment
13 views
Entertainment
13 views

3 Found Guilty of Killing Nigerian-born UK Model, Harry Uzoka

PH - August 14, 2018

George Koh, a Louis Vuitton model, has been charged with the murder of Harry Uzoka, a Nigerian-born London model. Uzoka had a successful modelling career. He was…

Stephanie Kingsley Emerges Winner of the 2018 Miss Ideal Nigeria
Entertainment
11 views
Entertainment
11 views

Stephanie Kingsley Emerges Winner of the 2018 Miss Ideal Nigeria

PH - August 14, 2018

Stephanie Kingsley, representing Adamawa, emerged winner of the 2018 Miss Ideal Nigeria pageant on Sunday. The fifth edition of Miss Ideal, with the theme ‘Amazons… Beauty Redefined’,…

Denola Grey Speaks On Acting Debut, Love For Mo Abudu
Entertainment
17 views
Entertainment
17 views

Denola Grey Speaks On Acting Debut, Love For Mo Abudu

PH - August 14, 2018

Denola Grey, who is famous for his exquisite fashion, has recently delved into acting with a new TV show on Mo Abudu’s Ebony Life. Grey, in his…

10 Health Benefits of Bitter Kola Every Woman Must Not Miss Out On
Best of Nigeria
30 views
Best of Nigeria
30 views

10 Health Benefits of Bitter Kola Every Woman Must Not Miss Out On

MT - August 14, 2018

Bitter Kola botanically known as Garcinia kola is generally used in social gatherings and used in some cultural settings in Nigeria. Just as the name implies, bitter kola is…

This is What Inspired Nigerian Actress, Omoli Oboli to Produce Latest Movie ‘Moms At War’
Best of Nigeria
25 views
Best of Nigeria
25 views

This is What Inspired Nigerian Actress, Omoli Oboli to Produce Latest Movie ‘Moms At War’

MT - August 14, 2018

40-year-old Nigerian Nigerian actress, scriptwriter and film director Omoni Oboli has revealed during the premiere of her latest movie,  Moms At War that she grew up in a…

Why I Was Bounced from Ali Baba’s Show Last Year – Comedian, MC Lively tells Inspiring Story
Entertainment
28 views
Entertainment
28 views

Why I Was Bounced from Ali Baba’s Show Last Year – Comedian, MC Lively tells Inspiring Story

MT - August 14, 2018

Popular Instagram comedian, MC Lively, just like every star who through hardwork and persistence, witnessed an overall turn around in the course of his/her life. He has…

In Photos: Meet the 5 Most Beautiful Wives of Nigerian Governors
Best of Nigeria
24 views
Best of Nigeria
24 views

In Photos: Meet the 5 Most Beautiful Wives of Nigerian Governors

MT - August 14, 2018

Nigerian Governors are people of high taste no wonder their women are not only hardworking but also very beautiful. Here are 5 wives of Nigerian state governors…

WATCH: Actress Regina Daniels Shows Off Sleek Shaku-shaku Moves
Entertainment
20 views
Entertainment
20 views

WATCH: Actress Regina Daniels Shows Off Sleek Shaku-shaku Moves

PH - August 14, 2018

Nollywood Actress, Regina Daniels, was recently video’d showing off her ‘street dance moves’ (shaku shaku) on the street of Lagos.. Regina has once revealed that she’s been…

British Man Goes Viral for What He Did When He Noticed A Nigerian Boy Peeping at His Phone (Watch)
Best of Nigeria
32 views
Best of Nigeria
32 views

British Man Goes Viral for What He Did When He Noticed A Nigerian Boy Peeping at His Phone (Watch)

MT - August 14, 2018

In a video which emerged online and is making the rounds on social media, a white man is seen on a bus making use of his phone…

See How Anambra Commissioner of Education Dressed to Work (Photos)
Best of Nigeria
21 views
Best of Nigeria
21 views

See How Anambra Commissioner of Education Dressed to Work (Photos)

MT - August 14, 2018

A Facebook user, Nelson Omenugha, has taken to the social media platform to share some photos of his mother who is the Commissioner of Education in Anambra…

Billionaire Tony Elumelu’s Mother Marks 90th Birthday
Entertainment
21 views
Entertainment
21 views

Billionaire Tony Elumelu’s Mother Marks 90th Birthday

PH - August 14, 2018

Mother of renowned billionaire businessman, Tony Elumelu, was recently snapped on camera with her famous son whilst she’s set to become a nonagenarian. Chairman of the United…

How Muhammadu Buhari Destroyed Nigeria Within 3 Years – Charly Boy
Politics
20 views
Politics
20 views

How Muhammadu Buhari Destroyed Nigeria Within 3 Years – Charly Boy

MT - August 14, 2018

Charly Boy, born Charles Chukwuemeka Oputa has lamented the manner President Muhammadu Buhari-led government has divided Nigeria since inception of the administration three years ago. Charly Boy…

7 Things Worth Knowing About Nollywood Actress, Ayo Adesanya
Best of Nigeria
19 views
Best of Nigeria
19 views

7 Things Worth Knowing About Nollywood Actress, Ayo Adesanya

MT - August 14, 2018

Ayo Adesanya is one popular name in the Nigerian film industry. The actress who has been in the industry for more than 20years is famous for her talent…

7 Low Maintenance Hairstyles for Nigerian Working Mums
Best of Nigeria
18 views
Best of Nigeria
18 views

7 Low Maintenance Hairstyles for Nigerian Working Mums

MT - August 14, 2018

Balancing a career, family and kids can be tough. Between getting the kids ready for school and getting to work, the chances of having some ‘me time’…

‘Why I Visited Obasanjo’ – Senator President Saraki Opens Up
Politics
20 views
Politics
20 views

‘Why I Visited Obasanjo’ – Senator President Saraki Opens Up

PH - August 14, 2018

The Senate President, Dr. Bukola Saraki, has disclosed what he called “the main reason” why he visited ex-President Olusegun Obasanjo in Abeokuta on Monday. Saraki had held…

Loading...