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 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 Osibanjo “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, AbdulSamad 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.
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 15million litres of fuel oil per month or about 400tonnes or 20trucks of fuel oil per day.
The BUA Chief also added that, “The second line of our $1billion 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”.
BREAKING: Magu Regains Freedom After 10 Days In Detention
The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has been released from police custody after 10 days in detention.
Magu was arrested on July 6, 2020, amid allegations of corruption and brought before the Justice Ayo Salami-led Presidential panel.
The suspended EFCC boss was accused of being unable to account for the interest accrued to recovered funds of about N550bn.
He was also accused of insubordination and buying a property in Dubai.
Direct Your Bail Request To Probe Panel, IGP Tells Magu’s Lawyer
The Inspector-General of Police, Mohammed Adamu, has asked Tosin Ojaomo, the counsel for the embattled former acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, to direct the request for his client’s bail to the Presidential panel investigating his activities in the office.
The IG said the police were not investigating Magu and is accordingly, not being detained by the force but by the panel headed by a former President of the Court of Appeal, Justice Ayo Salami.
Adamu said this in a letter dated July 14, 2020, in response to the bail application filed by Ojaomo for the release of his client who had been in police custody since July 6.
The letter with reference CB:7000/IGP.SEC/ABJ/VOL.489/171 titled, ‘RE: Application for bail,’ was signed by the Principal Staff Officer to the IG, DCP Idowu Owohunwa.
It read, “Your letter OOC/TOL/89A/07/2020 of July 10th, 2020 on the above-underlined subject, refers.
“The Inspector-General of Police directs that your attention be drawn to the fact that the Nigeria Police Force is not investigating CP Ibrahim Magu (your client) and he is accordingly, not being detained by the police but by the Presidential Panel that is investigating the activities of the Economic and Financial Crimes Commission.
“The Inspector-General of Police, therefore, advises that you consider redirecting your request to the Chairman of the Presidential panel for appropriate attention.”
Braimoh’s Death: Lagos Assembly Directs Lawmakers To Undergo COVID-19 Test
Lawmakers of the Lagos State House of Assembly have been directed to undergo the COVID-19 test following the sudden death of its member, Tunde Braimoh, last Friday.
Temitope Adewale, representing Ifako Ijaiye Constituency I, made the disclosure in a statement in Lagos on Tuesday.
Adewale said he had submitted himself for the COVID-19 test and the result was negative.
He said: “As directed by the leadership of the Lagos State House of Assembly on Sunday, I went and submitted myself for the COVID-19 test, and I have gotten my result. The test result came out Negative.
“To this end, it is our collective responsibility to be more careful and observe all the stipulated and given rules to help us prevent the transmission of this deadly virus.
“Wash your hands for 30 seconds regularly, avoid social gatherings, maintain social distancing, and at all times wear a face mask.
“The use of hand sanitizers should become a habit and finally, avoid touching your face and nose.”
Adewale, Chairman, House Committee on Transportation, said there was a need to fight the pandemic, which was beyond keeping safe but also to also know their status.
The lawmaker thanked his constituents for their love, support, and care, adding that he won’t be receiving any visitors for now
The Lagos lawmaker also commended Governor Babajide Sanwo-Olu and his Deputy, Obafemi Hamzat, for their proactive and tireless fight against the pandemic.
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