RUSSIAN, CZECH COMPANIES TO CONSTRUCT CEMENT PLANT IN NIGERIA

Nigerian company Abia
Cement, two Russian and
one Czech company have
signed a memorandum of understanding on the construction of a cement plant
in Nigeria with
a capacity of 2 million tonnes
per year, Nigerian Ambassador to Russia Steve
Davies Ugbah said.

“We just finished signing a memorandum of
understanding as a follow-up to the visit of
[Nigerian] President Muhammadu Buhari to the first ever Russia-Africa
summit,” the ambassador said.

Among the signatories of the memorandum are Russian companies Drobmash and Energomotor, as well
as the Czech PSP Engineering firm.

The plant will be built in the province of Abia in
the south of Nigeria.

According to the memorandum, equipment for the
plant will be delivered from Russia and the Czech Republic. In turn, Abia Cement is going to get an
export loan from Russia‘s
Roseximbank.

Nigeria is Africa‘s largest economy and has been the central point of contact for revived economic interest from world powers.https://www.urdupoint.com/en/world/russian-czech-companies-to-construct-cement-751936.html