BUA Cement has received approval to export cement through the country’s borders.
According to TheCable this is coming after it was revealed that Dangote Cement had received approval to export cement through the land borders to Niger and Togo.
Michel Puchercos, chief executive officer of Dangote Cement, told investors on Monday that the company is now exporting cement in a controlled manner following the government’s approval.
A June 18 letter signed by Victor Dimka, comptroller (enforcement headquarters) for deputy comptroller-general, seen by TheCable said the approval was from the Office of the National Security Adviser.
In October 2019, President Muhammadu Buhari had ordered a closure of the land borders to curb the smuggling of arms, food items, and hard drugs into the country.
The closure, which is meant to boost local production and strengthen security, has taken a significant toll on neighbouring countries such as Togo, Ghana, and Cote D’Ivoire that rely on Nigeria’s market of over 200 million people.
Nigerian businesses have also not been able to export their products through the land borders as a result of the closure.