The fund, according to IFC in a statement, would support BUA in the development of two more cement manufacturing lines in Sokoto state, with a target of 12,000 jobs.
“IFC today made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc to help the company part-finance and develop two new, energy-efficient cement production lines that will create up to 12,000 direct and indirect jobs,” the statement from IFC reads.
