Larfage Africa has entered into a strategic partnership with the Federal Government through the Presidential Initiative for the North-East to rebuild the troubled region, which has been substantially destroyed by the activities of the terrorist group, Boko- Haram.
The Country Chief Executive Officer, Lafarge Nigeria and Benin Republic, Mr. Guillaume Roux, said shortly after a meeting with the Chairman of the PINE, Prof. Soji Adelaja, that the partnership became imperative because the company was a major player in the economy of the region since 1970.
He said the company had over the years been contributing to the socio-economic development of the region through consistent production of good quality cement.
Roux added that the activities of the terrorists affected the operations of the company between November 2014 and April this year as about N2.5bn in revenue was lost in the six-month period.
The Lafarge boss, however, added that with the company’s investment of N100bn in a cement plant in the region, the economy of the North-East would be revived again.
He said as the largest employer of labour in the North East, Lafarge was committed to continue its business operations in the region and in Nigeria as a whole.
Roux said, “We have demonstrated this through the ground-breaking of an expansion project that is meant to grow Ashakacem’s capacity from the current one million metric tonnes to four million metric tonnes.”
Source: Estate Times