By Umar Faruk Birnin Kebbi
The Kebbi State Government has taken a significant step towards boosting its economy by signing a Memorandum of Understanding (MoU) with MSM Cement Ltd. to establish a three-million-ton-per-annum capacity cement factory in the state . The MoU was signed by Governor Nasir Idris and the Chairman of MSM Cement Ltd., Alhaji Mu'azzam Mairawani, at the Kebbi Governor’s Lodge in Asokoro, Abuja.
Governor Idris expressed his administration's commitment to providing an enabling environment for the factory to thrive, emphasizing that the project would significantly boost economic growth and job creation in the state, with an estimated 45,000 direct and indirect jobs. "This is a great privilege for Kebbi, as many states would have wished for such an opportunity. Apart from creating jobs, the factory will add immense value to our economy," the governor stated.
Chairman of MSM Cement Ltd., Alhaji Mu'azzam Mairawani, described the agreement as a milestone for Nigeria’s cement industry and Kebbi’s economic development. "This is more than just an MoU; it marks the beginning of a transformative journey that will reshape the industrial and infrastructural landscape of Kebbi and Nigeria," he said.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, highlighted the factory’s potential to boost exports, particularly through the African Continental Free Trade Agreement. He commended the project as a testament to President Tinubu’s economic policies aimed at stabilizing the economy, attracting private investment, creating jobs, and reducing poverty.
Similarly, Minister of Budget and Economic Planning, Senator Abubakar Atiku-Bagudu, praised Governor Idris for attracting investors to the state, emphasizing that the Federal Government’s reforms have fostered a business-friendly environment for both local and foreign investors.
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