Lafarge Emerges among Top Contributors to Mining Industry’s Social Expenditure in 2020
Latest report from the Nigeria Extractive Industries Transparency Initiative (NEITI) has named Lafarge-Wapco among the top three contributors to the mining industry’s social expenditure in 2020.
According to the report which was released recently, the top three companies altogether paid 94.6% of the total N3.887 billion social expenditure in the mining sector in 2020.
The document listed Dangote Plc, Lafarge-Wapco as well as First Patriots as the three out of the 29 entities that submitted their social spending, as being responsible for the N3.48 billion of the N3.887 billion payment.
Detailing the data in its Solid Minerals Audit for the year under review, the Dr. Ogbonnaya Orji-led organisation noted that while Dangote paid N2.18 billion, representing 56.36 per cent, Lafarge-Wapco made a payment of N1.260 billion, while First Patriots paid N219.9 million.
A further breakdown of the report revealed that Lafarge-Wapco contribution represent 32.57% of the entire contribution to the mining industry’s social expenditure in 2020.
Some other companies which provided documents on their social spending during the period, according to NEITI, included: CCECC, Nigeria Limited, which paid out N49.2 million or 1.7 per cent and Triacta which expended N35.5 million or 0.92 per cent of total spending.
In all, the 29 companies spent N376.5 million on their mandatory social obligations and N3.495 billion on non-mandatory social spending, to hit a total of N3.87 billion.
About Lafarge Africa Plc
Lafarge Africa Plc, a leading Sub-Saharan Africa building solutions company is a member of Holcim Limited, a world leader in building solutions accelerating our world’s green transformation. Listed on the Nigerian Stock Exchange, Lafarge Africa is actively participating in the urbanization and economic growth of Nigeria, the largest economy in Africa.
Lafarge Africa has the widest footprint in Nigeria with cement operations in the South West (Ewekoro and Sagamu in Ogun State), North East (Ashaka, in Gombe State), South East (Mfamosing, Cross Rivers State) with Ready-Mix operations in Lagos, Abuja and Port Harcourt. Lafarge Africa has a current installed cement production capacity of 10.5Mtpa.
Lafarge Africa leverages on its innovative expertise to provide value-added products and services solutions in the building and construction industry in Nigeria. Additional information is available on the web site at www.lafarge.com.ng
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving the circular economy as a world leader in recycling to build more with less. Holcim is the company behind some of the world’s most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim and Lafarge. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
More information is available on www.holcim.com
Head, Corporate Communications