Dr Abbas Junaid Waziri, the managing director of Resident Cement Company, has expressed interest to establish a cement factory in the Gwana district of Alkaleri Local Government Area of Bauchi State.
The State Governor, Bala Abdulkadir Mohammed, who disclosed this, said that Resident Cement Factory has resolved to invest $1.5 billion in establishing the Gwana cement factory, which would commence in the first quarter of next year, 2025.
Consequently, the MoU had been signed between the state government and Resident Cement Company over the weekend.
Governor Bala Mohammed said that the Gwana proposed factory can produce 10 million tons of cement annually.
The Governor, who described the Resident Cement Company as one of the country’s major investors, also revealed that it would provide 100 megawatts of electricity, construct a water dam, build a trailer park, construct housing units, and provide other social amenities in the area.
Senator Bala Mohammed further stated that the Bauchi state government is to construct a bridge at a cost of over N5 billion to link it to the factory site for easy transportation.
“This landmark memorandum of understanding shows that in Bauchi state, our ease of doing business has reached a level that even if we are not accessible, we know that we are doing very well”.
He commended the people of Gwana district and Alkaleri LGA, the State Ministry of Natural Resources, and the resilience and interest of the Residence Cement Company’s management and staff for their show of purposefulness, synergy, and focus.
“Today, we have become one state that has access to the biggest investment destination in the country, attributable to what we collectively stood up to do as a government and as a movement”, he said.
He expressed gratitude to for his resilience and interest in Bauchi state, saying Bauchi is an extension of Sokoto, which is the domicile of Junaid Waziri, assuring of no incumbrances or community problems in the project.
‘ Senator Bala Mohammed further stated that the Bauchi state government is to construct a bridge at a cost of over N5 billion to link it to the factory site for easy transportation.”
We have also deepened the community engagement and set up a committee under the leadership of the Secretary to the State Government and all the line ministries involved to make both sides stand out firmly on the line”.
Abass Waziri’s Business Conglomerates
Dr. Abbas A. Waziri is the visionary founder and chairman of a diversified business conglomerate, comprising several successful enterprises across various sectors which include:
Resident Investment PLC: Established with a vision to drive sustainable economic growth and empower communities, Resident Investment PLC holds a PSSP license from the Central Bank of Nigeria (CBN). Through strategic investments and partnerships, the company plays a pivotal role in advancing financial inclusion and fostering entrepreneurship.
Tradomed Pharmaceuticals Group: Recognizing the immense potential of traditional medicine in addressing healthcare challenges, Dr. Waziri founded Tradomed Pharmaceuticals Group.
The company boasts a diverse portfolio of herbal medicines, including the renowned Tradoma for malaria. Committed to quality and efficacy, Tradomed Pharmaceuticals Group is at the forefront of promoting the integration of traditional medicine into modern healthcare systems.
Solius NGDC Group: Driven by a commitment to sustainable energy solutions, Solius NGDC Group is a leading player in the renewable energy sector.
Kware Cement Company Limited: With a keen eye on infrastructure development, Dr. Waziri’s conglomerate is set to make a significant impact in the construction industry through Kware Cement Company Limited.
The company is poised to build a state-of-the-art cement factory, catering to the growing demand for quality building materials in Nigeria and beyond.
Fodio Farms: Embracing the agricultural potential of Nigeria, Fodio Farms is dedicated to modernizing farming practices and enhancing food security. Through sustainable agricultural techniques and technology-driven solutions, the company aims to optimize productivity and promote rural livelihoods.