BUA Group, one of Nigeria’s largest conglomerates, has invested about $2 billion in the Nigerian cement industry with capacities in excess of over 12 million tonnes per annum. Chairman/Chief Executive Officer, BUA Group, Abdulsamad Rabiu, made this disclosure last week at the inauguration of the $1billion Obu Cement factory in Okpella, Edo State by Vice President Yemi Osinbajo.

According to Rabiu, the unveiling of the complex, which comprises the three million tonnes BUA Cement, Obu Plant line 1 and the ground breaking of the second line of the same capacity, was an important milestone for BUA Group, the Cement industry and the Nigeria economy as they will not only make the country self-sufficient in cement production but also a net exporter of the commodity. The foremost industrialist noted that the construction of a second cement plant line of three million tonnes was essential as the success and impressive efficiency of the Obu cement plant.