The Federal Government has signed an agreement for the establishment of MSM Cement Ltd’s Kebbi Cement Plant, a $3 million-tonne-per-annum facility aimed at boosting Nigeria’s industrial capacity and economic growth.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, attended the signing ceremony recently.
The project, expected to create 20,000 direct and 25,000 indirect jobs, is strategically located near Nigeria’s border, enhancing export potential under the African Continental Free Trade Agreement (AfCFTA).
Speaking at the event, Edun described the plant as a model of private-sector-driven investment that aligns with President Bola Ahmed Tinubu’s vision for economic stability, job creation, and poverty reduction.
The Executive Governor of Kebbi State, Dr Nasir Idris, hailed the project as a historic milestone, emphasising its transformative impact on employment, particularly for youth and women. He also commended the federal government’s commitment to infrastructure development in the state.
Also in attendance were the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, and the Minister of State for Finance, Dr Doris Uzoka-Anite, alongside other dignitaries.
The signing marks a critical step towards industrial expansion, with groundbreaking and construction set to commence soon. This project is expected to not only boost economic growth but also create lasting opportunities for the people of Kebbi State and Nigeria as a whole, reinforcing the country’s drive for industrialisation and regional trade.
