New Nigerian plant investment announced
The Bauchi State government has signed a Memorandum of Understanding (MOU) with a United States construction giant, C& C International, Florida, to establish a cement company in Nigeria.
Speaking at the signing ceremony at the Government House at the weekend, the state Governor Isa Yuguda represented by his deputy, Sagir Aminu Saleh, assured that ’’Bauchi State Government will fullfil its obligation as contained in the MOU’’.
The project, floated under Public Private Partnership (PPP), will have a production capacity of 1.5Mta of cement.
The PPP arrangement has a total cost of US$250m through direct funding. About US$150m is earmarked for construction, while the balance will be for the provision of infrastructure.
Source: The Nation Newspaper Published under Cement News
