The Chairman of BUA Group, Alhaji Abdulsamad Rabiu, has said that the local cement manufacturers produce over 25 million tonnes cement thus saving the country two million dollars 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 two billion dollars 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.
“And not only do we have to spend money in terms of…
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