President Muhammadu Buhari on Thursday said the economic policies of his government are achieving good results.
The president said this at the commissioning ceremony of BUA Cement’s new three million metric tonnes per annum cement line in Sokoto.
In his words, “In the past two weeks, I was in Ogun and Kaduna states where I commissioned projects. Those ones, with this project undertaken by BUA Cement, show that our policies are working.”
The president then called on private sector operators to take advantage of the opportunity provided by the policies to grow their businesses and also create employment opportunities. Buhari said the responsibility of growing the economy rested squarely on the shoulders of both the public and private sectors.
He therefore called for the collaboration of both for the nation’s economic development. While noting that each of the states in the country is endowed with resources that could be converted to wealth, Buhari said his government was ready to introduce policies that would facilitate the exploitation of the nation’s abundant natural resources.
The president called on building material manufacturers to do all in their power to bring down the prices of the items.
Earlier in his address, Chairman of BUA Group of Companies, Alhaji Abdul Samad Rabiu, said the company was resolute to make cement available and affordable to Nigerians irrespective of their location.
He said this was the rationale behind the construction of four new cement lines in the last five years.
According to him, two new lines would be completed in 2023, one at the Sokoto plant and the other at the Edo plant. “These will bring our total output to 17million metric tonnes per annum,” he said.
