Group Reaffirms Commitment To Sustainable Development

HBM Nigeria Plc, formerly Lafarge Africa Plc, has reaffirmed its commitment to sustainable development and investments in communities, environmental stewardship and local capacity development.

The group managing director and chief executive officer, Lolu Alade-Akinyemi, they would continue to improve lives of vulnerable people and creating long-term value across Nigeria.

Alade-Akinyemi who stated this during a media engagement held in Lagos, to provide insights on the company’s name change to HBM Nigeria Plc, said sustainability remains central to HBM Nigeria’s business strategy, with the company consistently increasing its investments in initiatives that positively impact host communities while driving inclusive economic growth.

He explained that HBM Nigeria has steadily grown its annual sustainability spending over the past five years, funding projects across education, healthcare, environmental conservation, community infrastructure and youth empowerment in its host communities.

“Our sustainability initiatives continue to impact lives and strengthen communities because we believe strongly in sustainability, and we put our money where our heart is. Every year, we continue to increase our investments because creating shared value for our communities is fundamental to who we are as a business. We will continue to grow our business sustainably, invest in research and innovation, create opportunities for Nigerians and deliver value to our customers, shareholders and communities,” he said.

He stated that beyond its social investments, the company’s ongoing expansion projects at its Ashaka and Sagamu plants are creating significant employment opportunities by prioritising skilled and unskilled youths from host communities during construction and, upon completion, generating more than 100 direct jobs and thousands of indirect opportunities across the supply chain.

According to him, the expansion will strengthen local contractors, empowering small and medium-sized enterprises and contributing to Nigeria’s industrial development.

Alade-Akinyemi also stressed that HBM Nigeria continues to pursue operational efficiencies, alternative energy solutions and productivity improvements to minimise cost pressures.

“Our expansion is about much more than increasing production capacity. It is about creating jobs, empowering local businesses, supporting Nigerian contractors, and delivering lasting economic benefits. The multiplier effect is enormous, and this is only the beginning.”