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$2.4 Billion Kebbi State Cement Factory MOU Signed in Nigeria

Published 1 week ago2 minute read

Kebbi State Government has signed a Memorandum of Understanding (MOU) with MSM Cement Ltd that will enable the establishment of the Kebbi State Cement Factory that will possess an impressive capacity of 3 million tonnes per year.

According to the information that was revealed by NAN, this agreement was signed on Friday by Nasir Idris, the governor of Kebbi State, and the chairman of MSM Cement Ltd. This signing was done in Abuja at the governor’s lodge.

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Also read: Nigeria’s Warri Refinery Operations Restart After $898 Million Revamp

Speaking at the event of the signing ceremony, Idris gave affirmation that his administration is very committed to ensuring that there will be a conducive environment that will be suitable for the factory to conduct its operations and also thrive.

Furthermore, he described this project as a game changer for the general economy of Kebbi State by highlighting its potential to generate thousands of employment opportunities for the people in the region.

Additionally, speaking at the event was the minister of economy and emphasized on the strategic location of the upcoming cement production facility, near the border of Nigeria. He positioned the plant for export under the African Continental Free Trade Agreement (AfCFTA).

The minister also added by saying that this upcoming project is in line with the commitment of the president, Policy, and strategy for stabilising the economy. This will be achieved by enabling the private sector investment to drive productivity, expand the general economy, and generate employment.

Also read: Nigeria’s $3.3 Billion Brass Industrial Park and Methanol Complex

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