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BUA CEMENT HOLDS AGM, DECLARES 72.3BILLION NAIRA PROFITS AFTER TAX, PAYS N70bn DIVIDENDS…

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…asBUA Chairman, Abdul Samad Rabiu, canvasses for new entrants, more investments, additionalcapacity in the Cement industry Abuja 08jul2021 - BUACement Plc, one of Africa’s largest Cement companies, today held its AnnualGeneral Meeting for the period ended December 31, 2020, whilst paying dividendsof N70billion at N2.067k per ordinary share in a move that shareholdersapplauded. This is coming on the heels of a profitable year for the Cementproducer with a turnover of N204bn and declared Profits After Tax ofN72.3billion in the year under review. Speaking at the AGM, Abdul Samad Rabiu, Chairman of BUACement, whilst addressing shareholders and the press, praised the efforts ofthe Yusuf Binji led management, staff, and customers of the company for ensuringthat BUA Cement remained the cement of choice for quality in Nigeria. In hiscomments on the increased demand for cement which had led to higher retailprices despite significantly lower ex-factory prices, Rabiu canvassed moreinvestments in the cement industry saying that current national productionlevels across were not enough to meet the ever-increasing national demand forcement which was increasing at a rate over 3million metric tonnes per annum. Hetherefore canvassed new investments in the cement sector and encouraged otherinvestors to develop new cement plants. It should be noted that BUA Cement isconstructing a 3million metric tonnes which is expected to come on Stream insokoto by the end of 2021 with new plants already in the works.In his comments, Yusuf Binji, Managing Director of BUACement Plc, said BUA Cement is committed to remaining a value–driven, orientedcompany that prioritizes excellence and product quality. He also added that thecompany was well-poised to sustain current profitability despite the verycompetitive landscape. According to Binji, “Our value proposition, in terms ofproduct and service support offerings has positioned BUA Cement as a marketleader. In addition, we continue to prioritize innovation and continuous improvement,thereby ensuring the continued “fit” of our products to ever-changing customerdemands and needs. We are also investing in the latest plant designs which notonly drive efficiency but translate into value addition to our customers throughthe cost savings derived.BUA Cement Plc is Nigeria’s second-largest cementcompany and the largest producer in its North-West, South-South, and South-Eastregions; BUA Cement operates strategically from Okpella, Edo State andKalambaina, Sokoto State. Currently, the second most capitalized manufacturing companyon the Nigerian Stock Exchange (NSE), BUA Cement is committed to quality - adifferentiating attribute, driven by its people, innovation, and technology;and positioned to solving Nigeria’s cement under capacity while drivingeconomic growth and development. 

BUA CEMENT HOLDS AGM, DECLARES 72.3BILLION NAIRA PROFITS AFTER TAX, PAYS N70bn DIVIDENDS…

 

 

…as BUA Chairman, Abdul Samad Rabiu, canvasses for new entrants, more investments, additional capacity in the Cement industry

 

…asBUA Chairman, Abdul Samad Rabiu, canvasses for new entrants, more investments, additionalcapacity in the Cement industry Abuja 08jul2021 - BUACement Plc, one of Africa’s largest Cement companies, today held its AnnualGeneral Meeting for the period ended December 31, 2020, whilst paying dividendsof N70billion at N2.067k per ordinary share in a move that shareholdersapplauded. This is coming on the heels of a profitable year for the Cementproducer with a turnover of N204bn and declared Profits After Tax ofN72.3billion in the year under review.    Speaking at the AGM, Abdul Samad Rabiu, Chairman of BUACement, whilst addressing shareholders and the press, praised the efforts ofthe Yusuf Binji led management, staff, and customers of the company for ensuringthat BUA Cement remained the cement of choice for quality in Nigeria. In hiscomments on the increased demand for cement which had led to higher retailprices despite significantly lower ex-factory prices, Rabiu canvassed moreinvestments in the cement industry saying that current national productionlevels across were not enough to meet the ever-increasing national demand forcement which was increasing at a rate over 3million metric tonnes per annum. Hetherefore canvassed new investments in the cement sector and encouraged otherinvestors to develop new cement plants. It should be noted that BUA Cement isconstructing a 3million metric tonnes which is expected to come on Stream insokoto by the end of 2021 with new plants already in the works.In his comments, Yusuf Binji, Managing Director of BUACement Plc, said BUA Cement is committed to remaining a value–driven, orientedcompany that prioritizes excellence and product quality. He also added that thecompany was well-poised to sustain current profitability despite the verycompetitive landscape. According to Binji, “Our value proposition, in terms ofproduct and service support offerings has positioned BUA Cement as a marketleader. In addition, we continue to prioritize innovation and continuous improvement,thereby ensuring the continued “fit” of our products to ever-changing customerdemands and needs. We are also investing in the latest plant designs which notonly drive efficiency but translate into value addition to our customers throughthe cost savings derived.BUA Cement Plc is Nigeria’s second-largest cementcompany and the largest producer in its North-West, South-South, and South-Eastregions; BUA Cement operates strategically from Okpella, Edo State andKalambaina, Sokoto State. Currently, the second most capitalized manufacturing companyon the Nigerian Stock Exchange (NSE), BUA Cement is committed to quality - adifferentiating attribute, driven by its people, innovation, and technology;and positioned to solving Nigeria’s cement under capacity while drivingeconomic growth and development. 

 

 

BUA Cement Plc, one of Africa’s largest Cement companies, today held its Annual General Meeting for the period ended December 31, 2020, whilst paying dividends of N70billion at N2.067k per ordinary share in a move that shareholders applauded. This is coming on the heels of a profitable year for the Cement producer with a turnover of N204bn and declared Profits After Tax of N72.3billion in the year under review.

 

 

…asBUA Chairman, Abdul Samad Rabiu, canvasses for new entrants, more investments, additionalcapacity in the Cement industry Abuja 08jul2021 - BUACement Plc, one of Africa’s largest Cement companies, today held its AnnualGeneral Meeting for the period ended December 31, 2020, whilst paying dividendsof N70billion at N2.067k per ordinary share in a move that shareholdersapplauded. This is coming on the heels of a profitable year for the Cementproducer with a turnover of N204bn and declared Profits After Tax ofN72.3billion in the year under review.    Speaking at the AGM, Abdul Samad Rabiu, Chairman of BUACement, whilst addressing shareholders and the press, praised the efforts ofthe Yusuf Binji led management, staff, and customers of the company for ensuringthat BUA Cement remained the cement of choice for quality in Nigeria. In hiscomments on the increased demand for cement which had led to higher retailprices despite significantly lower ex-factory prices, Rabiu canvassed moreinvestments in the cement industry saying that current national productionlevels across were not enough to meet the ever-increasing national demand forcement which was increasing at a rate over 3million metric tonnes per annum. Hetherefore canvassed new investments in the cement sector and encouraged otherinvestors to develop new cement plants. It should be noted that BUA Cement isconstructing a 3million metric tonnes which is expected to come on Stream insokoto by the end of 2021 with new plants already in the works.In his comments, Yusuf Binji, Managing Director of BUACement Plc, said BUA Cement is committed to remaining a value–driven, orientedcompany that prioritizes excellence and product quality. He also added that thecompany was well-poised to sustain current profitability despite the verycompetitive landscape. According to Binji, “Our value proposition, in terms ofproduct and service support offerings has positioned BUA Cement as a marketleader. In addition, we continue to prioritize innovation and continuous improvement,thereby ensuring the continued “fit” of our products to ever-changing customerdemands and needs. We are also investing in the latest plant designs which notonly drive efficiency but translate into value addition to our customers throughthe cost savings derived.BUA Cement Plc is Nigeria’s second-largest cementcompany and the largest producer in its North-West, South-South, and South-Eastregions; BUA Cement operates strategically from Okpella, Edo State andKalambaina, Sokoto State. Currently, the second most capitalized manufacturing companyon the Nigerian Stock Exchange (NSE), BUA Cement is committed to quality - adifferentiating attribute, driven by its people, innovation, and technology;and positioned to solving Nigeria’s cement under capacity while drivingeconomic growth and development. 

Speaking at the AGM, Abdul Samad Rabiu, Chairman of BUA Cement, whilst addressing shareholders and the press, praised the efforts of the Yusuf Binji led management, staff, and customers of the company for ensuring that BUA Cement remained the cement of choice for quality in Nigeria. In his comments on the increased demand for cement which had led to higher retail prices despite significantly lower ex-factory prices, Rabiu canvassed more investments in the cement industry saying that current national production levels across were not enough to meet the ever-increasing national demand for cement which was increasing at a rate over 3million metric tonnes per annum. He, therefore, canvassed new investments in the cement sector and encouraged other investors to develop new cement plants. It should be noted that BUA Cement is constructing a 3million metric tonnes which are expected to come on Stream in sokoto by the end of 2021 with new plants already in the works.

 

 

 

 

 

In his comments, Yusuf Binji, Managing Director of BUA Cement Plc, said BUA Cement is committed to remaining a value-driven, oriented company that prioritizes excellence and product quality. He also added that the company was well-poised to sustain current profitability despite the very competitive landscape. According to Binji, “Our value proposition, in terms of product and service support offerings has positioned BUA Cement as a market leader. In addition, we continue to prioritize innovation and continuous improvement, thereby ensuring the continued “fit” of our products to ever-changing customer demands and needs. We are also investing in the latest plant designs which not only drive efficiency but translate into value addition to our customers through the cost savings derived.

 

 

 

 

 

BUA Cement Plc is Nigeria’s second-largest cement company and the largest producer in its North-West, South-South, and South-East regions; BUA Cement operates strategically from Okpella, Edo State, and Kalambaina, Sokoto State. Currently, the second most capitalized manufacturing company on the Nigerian Stock Exchange (NSE), BUA Cement is committed to quality – a differentiating attribute, driven by its people, innovation, and technology; and positioned to solving Nigeria’s cement under capacity while driving economic growth and development.

 

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Lion Oshiyemi Pledges redefinition, reposition as he emerges 20th President of OGUNCCIMA

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Lion Oshiyemi Pledges redefinition, reposition as he emerges 20th President of OGUNCCIMA

Lion Niyi Oshiyemi has been invested as the 20th President of the Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) at the Chamber’s 40th Annual General Meeting.

The investiture ceremony of the new OGUNCCIMA leadership was held on Thursday at Tunwase Hall in Ijebu Ode, Ogun State with top Chamber movement members in attendance.

The President In his acceptance speech, expressed gratitude to the immediate past President, Engr. Mike Akingbade, and the Chamber for entrusting him with the esteemed position.

He pledged to leverage available opportunities to redefine and reposition the Chamber, creating platforms to influence legislation and improve the business environment.

“I am honored to lead this prestigious organization and I promise to harness all available opportunities to redefine and reposition the chamber of commerce movement in the state”.

“I will continue to create platforms to influence legislation and other measures affecting trade, improve the business environment, and build a Nigerian economy of thriving business opportunities through networking”.

“I wish to enjoin you all who represent businesses, if you have not joined the OGUNCCIMA, please come and lend your voice to others. The bigger the network, the louder the voice and the stronger the influence”.

“Our advocacy seeks to ensure that the business community can have its voice heard on issues that are important to it”.

“I’d like to introduce to you my Presidency’s flagship project “OGUNCCIMA Secretariat”: The project is massive and requires a lot, I therefore seek your support and look forward to partnering with all stakeholders – the state government and it’s agencies (Federal and State Ministries, Departments and Agencies), development partners, the diplomatic communities, the media, and other stakeholders”, he said.

Oshiyemi also praised the founding fathers of the Chamber, saying, “I laud the vision of our founding fathers, who have laid a solid foundation for us to build upon. I am committed to taking OGUNCCIMA to greater heights and making it a beacon of hope for businesses in Ogun State.”

The Ogun State Hon. Commissioner for Industry, Trade and Investment, Hon. Adebola Sofela Emmanuel, in his keynote address said by the Permanent Secretary, Ministry of Trade and Investment, Dr. Olu Ola Aikulola, said over the years that the Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA), has not only remained a beacon of entrepreneurial excellence, but also partners in driving economic growth, fostering trade, and promoting investment opportunities in the state.

He said: “I would like to extend my heartfelt congratulations to OGUNCCIMA on this historical movement. Forty years of dedicated service to the industrial, trade, and agricultural sectors of Ogun State is no small feat”.

“Over the years, the Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has not only been a beacon of entrepreneurial excellence but also a pivotal partner in driving industrial growth, fostering trade, and promoting investment opportunities”.

“Today, as we elect new officers to continue this legacy of excellence, I urge all members to approach this process with a spirit of unity, fairness, and foresight. The future of our chambers and the economic well-being of our state depend on the collective wisdom and strategic vision of our leaders”.

“For us, as a government, we will continue to put in place Institutional mechanisms that will guide our various developmental programmes in all sector of the economy”, he added.

In his remarks, NACCIMA President, Dele Kelvin Oye, represented by the Director – General, Olusola Obadimu, urged the new leadership of OGUNCCIMA to reflect on the the Chambers achievements and chart the course for the future.

“Today, as we gather for the 40th Annual General Meeting and Investiture of New Executives, I want to charge the new leadership to be dedicated and build on the achievements of the past administrations”.

“On behalf of NACCIMA, I congratulate the new officers and may our shared efforts continue to bear fruit, and may new officers lead us for greater heights of success and prosperity”, he concluded.

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ASR AFRICA FLAGS OFF CONSTRUCTION OF A N280 MILLION INTEGRATED PUBLISHING HOUSE FOR BABCOCK UNIVERSITY, ILISHAN-REMO, OGUN STATE, NIGERIA

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ASR AFRICA FLAGS OFF CONSTRUCTION OF A N280 MILLION INTEGRATED PUBLISHING HOUSE FOR BABCOCK UNIVERSITY, ILISHAN-REMO, OGUN STATE, NIGERIA

ASR AFRICA FLAGS OFF CONSTRUCTION OF A N280 MILLION INTEGRATED PUBLISHING HOUSE FOR BABCOCK UNIVERSITY, ILISHAN-REMO, OGUN STATE, NIGERIA

 

 

 

 

Sahara Weekly Reports That The Abdul Samad Rabiu Africa Initiative (ASR Africa), the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), has flagged off the construction of a N280 million Abdul Samad Rabiu Integrated Publishing House for Babcock University, Ilishan-Remo, Ogun State. This project will enhance the capacity of the University from basic press status to a modern, integrated publishing house to encompass publishing, print production, and other related diversified services. The one-storey building facility will serve as a laboratory and studio for training students of communications, media studies, and allied disciplines as well as other disciplines.

 

 

 

ASR AFRICA FLAGS OFF CONSTRUCTION OF A N280 MILLION INTEGRATED PUBLISHING HOUSE FOR BABCOCK UNIVERSITY, ILISHAN-REMO, OGUN STATE, NIGERIA

 

 

 

 

At the groundbreaking event, the Vice Chancellor of the University, Prof. Ademola S. Tayo, expressed satisfaction at the nomination by ASR Africa, under its Tertiary Education Grant Scheme. He added that the choice of the project was a response to the vision to take the Mass Communications Department of the University to a whole new level. According to him, the university’s vision is to produce young men and women capable of critical thinking, and problem-solvers capable of proffering innovative solutions to problems of everyday life, be it social, political, and cultural.

 

 

 

 

 

 

 

 

 

 

 

 

In his response, Dr. Ubon Udoh, the Managing Director of ASR Africa, expressed his delight at the University’s choice of establishing an Integrated Publishing House. He added that when information is appropriately applied, human society is empowered to liberate itself from limitations and attain its full potential. Dr Udoh reiterated the commitment of the Chairman of ASR Africa, Abdul Samad Rabiu to supporting quality education within the tertiary education system in Nigeria and urged the institution to focus on the sustainability of this noble project. He also reiterated the importance of cooperation and collaboration between the university and the contractor for the timely delivery of the publishing house.

 

 

 

 

 

 

 

 

 

About ASR Africa

ASR Africa is the brainchild of African Industrialist, Philanthropist, and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

 

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CBOs Laud Minister of Agric Kyari Over Transparent Distribution Of Fertilisers, Foodstuff Across Nigeria

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CBOs Laud Minister of Agric Kyari Over Transparent Distribution Of Fertilisers, Foodstuff Across Nigeria

CBOs Laud Minister of Agric Kyari Over Transparent Distribution Of Fertilisers, Foodstuff Across Nigeria

 

 

A network of community-based organizations (CBOs) in Nigeria, the Coalition of Ethnic Nationalities’ Rights Agenda, the South East Revival Coalition, and Progressive Yoruba Youth for Change have applauded the Minister of Agriculture and Food Security, Sen. Abubakar Kyari, for his efforts and transparency in the distribution of food, fertilisers and other farming inputs across the country.

 

CBOs Laud Minister of Agric Kyari Over Transparent Distribution Of Fertilisers, Foodstuff Across Nigeria

 

The CBOs gave the commendation at a joint press conference held in Abuja on Thursday. The conference was addressed by Mallam Yusuf Khalifa, National Coordinator of the Coalition of Ethnic Nationalities’ Rights Agenda; Dr. Eberechi Okonkwo, Convener of the South East Revival Coalition; and Comrade Olajide Olumide Adeniyi, Executive Secretary of Progressive Yoruba Youth for Change.

 

 

 

“The Minister of Agriculture and Food Security, Senator Abubakar Kyari has established a reputation for integrity and transparency in the ministry. The transparency in the distribution of food, fertilisers and other farming inputs across the country under Kyari’s stewardship is unprecedented,” the CBOs said.

 

 

 

“Senator Kyari has demonstrated a practical commitment to enhancing food security and nutrition in the country by prioritising equity and fairness in the distribution of food, fertilisers and other farming inputs.

“We salute his sense of nationalism. His fair distribution of farming inputs has laid a strong foundation for a prosperous and sustainable agricultural sector. Kyari’s tireless efforts to revolutionise the agricultural sector as well as to ensure that Nigeria becomes self-sufficient in food production is beyond patriotic.

“His exceptional leadership has made the the issue of marginalization in the distribution of food, fertilisers and other farming inputs, a thing of the past in the country. The effective utilization of resources by the Minister has proven not only instrumental to modernising the agricultural space but also to peace and harmony on farms across the nation.

“We applaud Senator Kyari for championing the emancipation of Nigerian farmers, particularly those in rural communities who previously lacked access to government-distributed food, fertilizers, and other farming supplies. Kyari’s unwavering support for women and youth in agriculture has resulted in increased distribution of food, fertilizers, and other farming inputs to more female and young farmers this year than ever before.

“This network of community-based organisations urges the beneficiaries, especially those in the rural communities, to use the supplies judiciously for the purpose they were distributed for. The government has prioritised the agricultural sector as a key driver of Nigeria’s economic growth, hence, its unwavering support of the sector. Farmers must corroborate the government’s efforts by taking advantage of its policies, programmes and interventions.

“We urge the Minister to sustain his visionary leadership, effective resource utilization, and strategic initiatives which have yielded significant progress in the agricultural sector.

“We remain committed to working alongside the Minister to strengthen the agricultural sector and achieve a prosperous, food-secure, and environmentally sustainable Nigeria.”

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