Tuesday, 29 August 2017

Photos: Prof. Osinbajo Commissions Cement Factory in Edo State

The Vice Pres. was in Edo State today to commission the BUA cement factory at Okpella.

The former governor of the state , Comrade Adams Oshiomole, Sultan Sanusi and the present governor of the state, Gov. Obaseki, were all spotted at the  event.

According to Prof Osinbajo.....

It is my singular honour and pleasure today to visit, inspect and commission this 3 million tonne capacity, ultra-modern cement plant, right here in Okpella, Edo State.
I am extremely proud to be a Nigerian and I’m sure that several of us here are. This is a wholly Nigerian enterprise and we know that the planning, the execution and successful establishment of this industrial complex was done by a Nigerian and by a Nigerian team. It is really good to know.

The construction of this plant, is of course a big boost, to the Nigerian economy, it means thousands of direct jobs and indirect jobs, both for skilled and un-skilled workers, from the commencement of the works to the current smooth-running of the production process.

As a matter of fact, we are told that production is on now and there is no dust, no noise, it is all just working so very well. This, I think, is just an amazing thing indeed.

At the level of production already attained, it also means a consolidation of Nigeria’s self-sufficiency in cement and a big boost to our export capacity.

As noted by the chairman himself, Alhaji Abdulsamad Rabiu BUA, during a visit to my office on July 7, 2017, he spoke about two factors which he thought would bring down the cost and availability of cement in Nigeria.

One of those was the currency exchange rate and, of course, it was completely correct to say that as our currency improves and stabilises and we see a reduction in the price of low pour fuel oil, it is inevitable that production cost and market price of cement will come down to a level that is within the reach of many more Nigerians.

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