Why It’s Wrong To Say BUA Took Possession Of 50,000 Hectares Of Land In Kogi
Information filtering in from multiple sources has suggested that a recent move made by the Kogi State House of Assembly on parcels of land made available to BUA Group by the state government was unnecessary after all.
The manufacturer of popular cement brand – BUA Cement – never took possession of nor utilized the 50,000 hectares of land it was offered in Kogi state, highstreet.ng understands.
Thus, the reported step taken by the Kogi State House of Assembly should not be in the first place, those in the know of the arrangement maintained.
Investigation conducted by highstreet.ng indicated the name in the manufacturing sector of the economy could not go ahead with its proposed investment on the said land based on the fact the land in question could only be accessed by water. While needed infrastructures -roads and more – are also not in place.
Deteriorating security issues in Kogi State coupled with the outcome of feasibility studies that revealed only 30% of the entire land mass is suitable for intended purposes while 65% of the 50,000-hectare land is reportedly filled with rocky, hilly among other environmental obstacles forced the cement company to have a rethink on the proposed venture, highstreet.ng gathered.
And BUA Group officially intimated the Kogi State Government of its worries as well as the decision to pull out of the arrangement, a source with deep knowledge of what transpired disclosed.
