During Nigeria’s privatization drive, BUA Cement acquired the struggling Edo Cement Co. in 2008, investing over US$1 billion to establish one of Africa’s most advanced cement facilities.
In 2015, the first line of the Obu cement plant went into operation, and in 2019, BUA Cement merged with its subsidiaries, including the Cement Co. of Northern Nigeria (CCNN), placing it as Nigeria’s second-largest cement producer, with a market share that rivals Dangote Cement.
BUA Cement is turning Okpella, Edo State, Nigeria, into a hub of industrial activity and plans to increase its production capacity to 20Mta by 2027. Sustainability initiatives, including investments in cleaner energy and advanced technologies, remain a key focus for the company.
Legal conflicts regarding ownership and royalties between BUA Cement and the Edo State Government were settled in 2019. This agreement allowed the business to consolidate control of the Edo cement factory and included a total payment of NGN5 billion. More than 2000 people are directly employed by BUA Cement, which has made a substantial contribution to Edo State’s internally generated revenue (IGR).
The business has invested in regional infrastructure projects, including schools, roads, and medical facilities.
