Gov Otu Welcomes Holcim Group, Pledges Investor-Friendly Climate in Cross River

By Joseph Iyaji | Akahi News

Cross River State Governor, Bassey Edet Otu, has assured the Holcim Group – the new majority owner of Lafarge Africa PLC – of his administration’s unwavering commitment to creating a safe, stable, and highly attractive environment for global investors.

Governor Otu gave the assurance on Tuesday during a courtesy visit by a high-powered delegation of the cement and infrastructure giant at Government House, Calabar, where discussions focused on deepening industrial growth, job creation, and sustainable development in the state.

Holcim’s Global Expansion Meets Cross River’s Investment Drive

Governor Otu, visibly pleased by the visit, praised the longstanding relationship between Cross River and Lafarge Africa, describing it as a partnership that had stood the test of time and yielded tangible benefits for host communities.

According to him, Holcim’s takeover of Lafarge Africa signals a new era of industrialisation for the state. He particularly commended the company’s corporate social responsibility efforts, which have improved livelihoods in rural areas, providing schools, health facilities, and youth empowerment projects.

“We have come a long way together,” the Governor said. “What excites me most is that beyond cement production, Holcim is bringing additional investments in waste management, infrastructure, and environmental sustainability. This marriage will be a strong one, and I assure you Cross River is open for business.”

He noted that with its rich natural resources, strategic location, and government-led development agenda, Cross River remains a prime destination for global investors seeking long-term growth opportunities in West Africa.

Focus on Infrastructure, Skills, and Sustainability

The Governor further pledged his administration’s readiness to partner with Holcim in critical infrastructure projects such as jetties, road terminals, and industrial hubs. He emphasised that these collaborations would not only enhance logistics and trade but also unlock employment opportunities for the state’s youthful population.

Vice President of Holcim Cement, Mr Xu Gang, reaffirmed the company’s commitment to Nigeria’s economic development, pledging to expand investments in Cross River beyond the Mfamosing plant, which remains the largest cement production facility in the country.

“We did not come just to acquire Lafarge,” Xu Gang said. “Our vision is to expand capacity, invest in people, and set global standards in sustainable industrial practices. We want Cross River to become a model for responsible investment in Africa.”

A New Phase for Lafarge Africa Under Holcim

Group Managing Director and CEO of Lafarge Africa PLC, Mr Lolu Alade Akinyemi, highlighted the strategic importance of the company’s operations in Cross River to Nigeria’s economy. He described Governor Otu as a dependable ally of industry, citing the state government’s emphasis on peace and investor confidence as key drivers of industrial growth.

“Your Excellency, Lafarge Africa is part and parcel of Cross River. With Holcim as our new majority shareholder, we are confident the future will bring greater opportunities for employment, training, and sustainable community development,” Akinyemi stated.

Strengthening Investor Confidence in Cross River

The visit comes shortly after Holcim’s acquisition of majority shares in Lafarge Africa, marking a strategic move to expand its footprint in Nigeria beyond cement production to include aggregates, waste management, and infrastructure solutions.

Analysts believe this partnership could redefine Cross River’s economic landscape, attract more foreign direct investments, and position the state as a leading industrial hub in Nigeria’s South-South region.

Governor Otu assured the delegation of his administration’s full support, reiterating that the state’s People First agenda would continue to prioritise investor-friendly policies and community development initiatives.

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