By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier conglomerate, BUA Group said on Thursday it’s in talks with China’s Sinoma to build a steel plant in Nigeria and two (2) cement plants in East Africa worth $1.9 billion, a Reuters reported quoted Abdulsamad Rabiu, chairman of the Group.

According to the report, Rabiu disclosed that the two (2) cement plants, which will have an annual capacity of 3 million tonnes each, will cost $700 million.

“The steel plant will have a capacity of 1.2 million tonnes and will cost $1.2 billion,” the report quoted him as saying.