The BUA Group and Cement Company is to set up Cement plants in Guyuk and Lamurde locak government areas of Adamawa state.
Alhaji Abdulsamad Ishaka Rabiu, chairman of the company made the disclosure Friday in Yola, when he led the management team of the company on a courtesy call on Governor Ahmadu Umaru Fintiri.
Rabiu said the company has the capacity to produce 3 million metric tonnes of cement and 50 megawatts of power.
He said the company would also donate 3-ambulances and N200 million to help in the fight against coronavirus in the state.
He said findings showed that both councils have the highest quality of limestone deposit in th country and the company is ready to begin the investment in the state.
He assured that new technology would be used for the exploration and supply of power to the proposed cement plant and other communities of the two councils.
The company would provide 3000 direct and 5000 indirect jobs in the state.
The Chairman stressed that the Plant will be the major investment in the North East and urged government to support the move.
Raw materials would be sourced locally, adding that, development of state within one year in office despite the economic challenges 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.