BUA Group, Nigerian conglomerate, is in talks with China’s Sinoma to build a steel plant in Nigeria and two cement plants in East Africa for $1.9 billion.
BUA Chairman, Abdulsamad Rabiu told Reuters the two cement plants, which will have an annual capacity of 3 million tonnes each, will cost $700 million.
The steel plant will have a capacity of 1.2 million tonnes and will cost $1.2 billion.
RT @BizWatchNigeria: BUA Group in $1.9billion Deal with China’s Sinoma – https://t.co/00qhp8hM7K https://t.co/H3vtIpWQLt