The Chairman of BUA Group,
Alhaji Abdulsamad Rabiu, has said that local cement manufacturers in country
produced over 25 million tonnes cement thus saving the country $2bn annually.
He said this while
addressing State House Correspondents after a meeting of the Presidential
Industrial Advisory Council chaired by Vice President Yemi Osinbajo at the
Presidential Villa.
“The most important thing I
think is that the cement industry in Nigeria will continue to save Nigeria a
lot of foreign exchange.
“If for example, you look
at what we have produced in Nigeria today, maybe 25 million tonnes to 30
million tonnes, if we quantify that in terms of foreign exchange it is almost
$2bn per year.
“That is a lot of money
being saved because if we do not have these cement plants definitely we have to
import cement.
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