In this article published in Project Finance International on 14 June 2023 (PFI 747 – 14 Jun – 27 Jun (/issue/8356/pfi-747-14-jun-2023-27-jun-2023)), we analyse the recent US$1 billion BUA Cement Plc Kalambaina plant expansion in Sokoto, North West Nigeria.
BUA was advised by the joint English and Nigeria team of Olaniwun Ajayi. The English team was by Partner Dr. Gabriel Onagoruwa, who chairs the Finance and Project Development Practice alongside Partner Chuks Ibechukwu and Senior Associate Juanita Derex-Briggs. In Nigeria, the legal team was led by Deputy Managing Partner Wolemi Esan and Partner Ibi Ogunbiyi, with Senior Associate Chinenye Ajayi and Associate Ganiyat Seriki supporting their efforts. The lenders were advised by UUBO in Nigeria and Pinsent Mason as international counsel.