Kebbi State, Nigeria, has partnered with MSM Group to construct a $2.4 billion cement factory projected to produce 3 million tonnes of cement yearly. Governor Nasir Idris cites the initiative as key for economic growth and job creation, estimating around 45,000 jobs. The project aligns with President Bola Ahmed Tinubu’s aim of boosting industrial investment and diversifying the Nigerian cement market.
Nigeria’s Kebbi State has entered into a preliminary agreement with MSM Group for the establishment of a cement factory with an annual production capacity of 3 million tonnes. This investment, amounting to $2.4 billion, will account for approximately 5% of Nigeria’s total cement output, significantly contributing to the nation’s economy.
The facility will be situated in the northwest region of Kebbi State. Governor Nasir Idris hailed the project as a critical advancement for economic development, emphasizing its potential to provide a livelihood for many unemployed youths and women in the area. It is anticipated that the factory will create around 45,000 direct and indirect employment opportunities.
MSM Group, which operates in various industries, including telecommunications and auto manufacturing, is committed to utilizing advanced technology in the production process. Alhaji Mu’azzam Mairawani, the founder and chair of the group, underscored the factory’s commitment to innovation.
The signing ceremony also featured Finance Minister Olawale Edun, who noted that this initiative is in line with President Bola Ahmed Tinubu’s strategic aim of attracting private investments to foster industrialization. As demand for cement rises in Nigeria, the entry of MSM into the market will further diversify a sector that is already dominated by major players such as Dangote, BUA, and Lafarge Nigeria.
The establishment of the $2.4 billion cement plant in Kebbi State reflects Nigeria’s commitment to enhancing industrial capacity and job creation. With an expected annual output of 3 million tonnes, this project represents a significant investment in the local economy and aligns with national policies for economic development. The new plant will create tens of thousands of jobs, underscoring its importance as a catalyst for future growth.
Original Source: www.globalconstructionreview.com
