The Bauchi State Government has signed a $1.5 billion Memorandum of Understanding (MoU) with Resident Cement Company to establish a large-scale cement production plant in the Gwana District of Alkaleri Local Government Area.
The plant, expected to produce 10 million tonnes of cement annually, will also create significant employment opportunities and stimulate economic growth in the North East region.
Governor Bala Mohammed, who oversaw the signing, reaffirmed his administration’s commitment to fostering a business-friendly environment and highlighted the additional infrastructure developments tied to the project, including a 100-megawatt power plant, a dam, and truck parking facilities.
The governor emphasized the project’s potential to attract foreign investment and boost local revenue, pledging to eliminate any obstacles that could delay its completion. He also called on other investors to explore opportunities in Bauchi State, promising full security and support for their ventures.
The MoU was signed by the State Commissioner for Natural Resources, Mohammed Maiwada Bello, and the Attorney General, Hassan El-Yakub SAN, on behalf of the state, with Resident Cement Company’s Group Chairman, Abbas Junaidu Waziri, representing the company. Waziri lauded the initiative, assuring that the project would significantly benefit the state’s economy and generate jobs for its youth.
News Editor