AFCFTA : Nigeria Signs $3 Million Kebbi Cement Plant Deal To Boost Export

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has attended the signing ceremony for MSM Cement Ltd’s Kebbi Cement Plant, a $3 million-tonne-per-annum facility set to drive Nigeria’s industrial growth.

The project, expected to create 20,000 direct and 25,000 indirect jobs, is strategically positioned near the country’s border, enhancing export potential under the African Continental Free Trade Agreement (AfCFTA).

According to a statement over the weekend,signed by Mohammed Manga , Director, Information and Public Relations of the ministry, Edun highlighted 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 called the project a historic milestone, emphasising its transformative impact on employment, particularly for youth and women. He also praised the federal government’s commitment to infrastructure development in the state.

Also present at the event 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 crucial step toward industrial expansion, with groundbreaking and construction set to follow.

The project will 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 push for economic growth and regional trade.