The annual capacity of Nigeria's cement industry has potential to reach 58.5 million tonnes if all cement producers confirm their expansion plans.
Ashaka Cement is planning to invest over NGN 100 billion (€460.88 million/US$617.1 million) to build a 2.5 million tonnes/year cement plant; build a coal-fired power plant and upgrade an existing cement facility to 1.5 million tonnes/year.
United Cement Company of Nigeria will invest NGN 84 billion to double cement capacity from 2.5 million tonnes to 5 million tonnes/year by 2016 and BUA International has signed a deal to spend $500 million (€373.43 million) to build a new cement plant with capacity of 2.5 millin tonnes in Okpella.