BUA Group and Cement Company to set up a three million metric tonnes of cement plant and fifty megawatts of power plant in Guyuk and Lamurde local governments of Adamawa.
The company will also provide three ambulances and two hundred million naira to the government to help in the fight against the novel coronavirus in the state.
The Chairman of BUA company, Alhaji Abdulsamad Ishaka Rabi’u revealed this on Friday when he led his management team on a courtesy call to Governor Ahmadu Umaru Fintiri in the Government House, Yola.
He said preliminary findings showed that the two local governments of Guyuk and Lamurde have the highest quality of limestone in the whole of Nigeria and the company is ready to begin the investment in the state.
He added that the BUA company will use new technology to supply power to the proposed cement plant and communities of Guyuk and Lamurde in addition to providing three thousand direct and five thousand indirect jobs.
The Chairman stressed that the Guyuk Cement Plant will be the major investment in the North East by BUA company and solicited for support of Governor Umaru Fintiri to set up the factory in Guyuk.
Alhaji Rabiu said the company made a decision to source its raw materials locally and it has invested billions of dollars in various sectors across Nigeria and therefore urged the state government to support BUA to actualize the Guyuk Cement project.
He said the commitment of the governor within one year in office in many sectors of development despite the economic challenges in Adamawa drew the attention of the company to invest in the state.
Responding, Governor Ahmadu Umaru Fintiri said his administration’s effort in exploring local contents has started yielding results and thanked the BUA company for showing interest to establish the cement plant in Guyuk.
He assured the management team of BUA that government will make whatever available and provide the necessary support which will create enabling environment so that the Cement company in Guyuk will become a reality.
He also expressed readiness of the government to protect the investment once it is established and told them that his administration will maintain the good relationship with the company for the benefit of the state.