Nigerian conglomerate MSM Group is accelerating its growth plans with major investments aimed at expanding its presence in the country’s cement and power industries.
Already a significant player in Nigeria’s oil and gas sector, the company seeks to diversify by entering cement production and power generation, aspiring to become a leading force not only in Nigeria but across Africa’s energy and construction markets.
MSM Group’s immediate target in construction is to compete with established industry leaders such as Dangote, Lafarge, BUA, and Mangal Cement.
In the power sector, the group plans to acquire the Geregu Power Plant, a key asset currently owned by billionaire philanthropist Femi Otedola.
Industry experts attribute MSM’s bold moves to the current Nigerian administration’s economic reforms and investor-friendly policies, which have created a conducive environment for industrial expansion. Observers suggest that the group’s entrance could reshape competition within both the energy and construction sectors across Nigeria and the broader African continent.
Recently, MSM signed a $2.4 billion deal with the Kebbi State Government to develop a cement plant with a capacity of three million metric tons per year. This project is expected to create more than 45,000 direct and indirect jobs, making it one of the largest recent industrial investments in the region. The signing ceremony took place in Abuja and was attended by senior officials from both the federal and Kebbi state governments. The initiative supports Nigeria’s broader industrialization goals and aims to boost economic activity in Northern Nigeria.
MSM Group’s chairman, Alhaji Muazzam Mairawani, revealed that the cement plant will be constructed in four phases, each phase attracting investments exceeding $600 million. “From now to production, our timeframe is a maximum of two years,” he said, adding that the group plans to expand to other states following Kebbi.
The company is also eyeing Edo and Gombe states for future cement plant developments. Successful projects in these locations would strengthen MSM’s position against competitors such as Dangote, BUA Cement, and Lafarge Africa.
To support its growing operations, MSM Group has launched a broad recruitment drive to fill vacancies across its expanding portfolio. “Yes, we plan to expand our operation. That’s all that can be said for now,” an MSM Group official, who wished to remain anonymous, confirmed.
Apart from its new ventures, MSM remains active in pipeline metering—the process of accurately measuring the flow of fluids such as oil, gas, or water through pipelines—maintaining its strong presence in the oil and gas industry.
