x

Mangal Establish $600m Cement Factory

By Muhammad Goronyo, Sokoto

As part of its expansion efforts, Mangal industries has signed an agreement with a Chinese firm Sinoma for the construction of three million metric tons per year Cement Plant and fifty megawatts captive power plant in Moba, Kogi state.

The project is agreed to be completed in early 2024.

A statement by the firm’s chief executive, Engr. Fahad Mangal, released to newsmen Thursday, said the total project cost is approximately at $600 million.
According to the statement, the investment is part of an ambitious investment program under the implementation by Mangal Industries Limited.

“The factory will rely on best available technology for cement production and in line with highest environmental standards. It is designed to be one of the most sustainable in the sector.

“Mangal is investing strategically in the West African Cement Industry to enable the Nigerian economy to bridge the huge infrastructure and housing deficit in the largest economy of the region.

“This investment reinforces Mangal’s commitment to Nigeria’s infrastructural & economic development and reflects its confidence in the favourable outlook of the economy in the country and the region.”

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Retired Police Officers Set for Nationwide Protest Over Pension Scheme

By Idibia Gabriel, Kaduna The Kaduna State chapter of the...

NUJ Info Chapel Hosts Workshop, Hails Commissioner, Council Leadership

By Amgbare Ekaunkumo, Yenagoa The Bayelsa State Commissioner for Information,...

Tinubu Appoints Ismael Ahmed as Executive Chairman of Presidential CNG Initiative

President Bola Ahmed Tinubu has appointed Barrister Ismael Ahmed...

Alleged ₦80.2bn Fraud: EFCC Kicks as Yahaya Bello Seeks Medical Travel Abroad

By Gabriel Udeh The Economic and Financial Crimes Commission, EFCC,...

Why we’re raising concerns over alleged contract scam at NNPCL – Coalition

President Bola Tinubu has been asked to terminate the...

Tinubu Assures Abuja Residents, No More ” One Chance” Attacks

By Joyce Remi-Babayeju President Bola Tinubu has assured Abuja residents...

INEC Sets August 16 for Bye-Elections in 12 States, Resumes Voter Registration

The Independent National Electoral Commission (INEC) has announced August...

Tinubu Hosts Fubara, Wike, Rivers Lawmakers in Fresh Push for Peace

President Bola Tinubu on Thursday convened a closed-door meeting...
spot_img

Related Articles

Popular Categories

spot_imgspot_img