Land Border Permit: BUA also given approval to transport cement to Niger Republic

BUA Cement Plc received a waiver from the government for the export of Cement to the Niger Republic via the Sokoto Border.

This was first disclosed in an earnings call held in July which provided investors with details on the second-quarter results of BUA Cement Plc. Nairametrics has also seen a letter from Customers approving the waiver.

Despite Closing the land borders for trade for over a year, Nigerian Cement companies were approved for land export to West Africa. In the document viewed by Nairametrics, BUA was also given the approval to export to Niger Republic. Dangote Cement announced on Monday that they have exported through land borders during an investors call.

The Nigerian customs granted approval to BUA Cement to transport Cement to Niger Republic in June. Dangote Cement and BUA Cement are competitors in the cement manufacturing space and are first and second respectively in terms of cement production capacity in the country.

The Customs letter signed by a Zonal Coordinator read in part:

” I am directed to forward herewith a letter from the office of the National Security Adviser …dated 17th, June 2020 on the above subject matter. The trucks will exit and return through Illela Border Station in Sokoto State. You are to monitor the movement towards ensuring that they are loaded only with Cement to Niger Republic and return back to Nigeria”