Fidelity Bank co-funded BUA Group’s $350m cement factory commissioned

On Tuesday, July 17, 2018, the Vice President of Nigeria, Yemi Osinbajo commissioned the new BUA Cement Factory located on Kalambaina Road in Sokoto State. Co-funded by Fidelity Bank Plc, the project which commenced in 2015 has an installed capacity of 1.5 metric tonnes per annum and is valued at $350 million. Fidelity Bank’s involvement in this project further demonstrates the Bank’s resolve to grow the country’s manufacturing sector. Regarded perhaps, as the single largest private sector-led investment in North West Nigeria, the plant is part of the company’s expansion…

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