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BUA Cement Commits To Selling Cement At N7,000 – N8,000 Following Government Meeting
BUA Cement Commits To Selling Cement At N7,000 – N8,000 Following Government Meeting....KINDLY READ THE FULL STORY HERE▶
In a significant development aimed at positively impacting the construction industry, BUA Cement PLC has announced its intention to reduce the price of cement in Nigeria, following discussions with the Federal Government to make building materials more affordable for Nigerians…….CONTINUE READING
During a recent visit to BUA Cement’s new facility in Kalambiana, Sokoto State, by the Minister of Works, Dave Umahi, the Group Executive Director of BUA Cement PLC, Kabir Rabiu, revealed the company’s plans to adjust cement prices from the current range of N9,000 to N15,000 down to N7,000 to N8,000.
This decision, however, is subject to logistical considerations regarding the proximity of markets to BUA’s production plants across the country.
The inauguration of the Kalambiana plant marks a significant milestone for BUA Cement, enabling the company to substantially increase its market supply. Rabiu disclosed that the plant’s operation would result in an additional 165 trucks being dispatched daily, totaling nearly 400 trucks of cement entering the Nigerian market each day.
This increase in distribution capacity is expected to play a crucial role in stabilizing cement prices nationwide.
During the minister’s visit, Rabiu emphasized the company’s commitment to supporting the government’s efforts to revitalize the Nigerian economy. He stated, “We believe this additional capacity is going to have a serious positive effect on the supply and demand issue in the country. We also gave in our commitment that we don’t believe cement should sell more than 7,000 Naira anywhere in Nigeria.”
Rabiu further reiterated BUA Cement’s dedication to supporting the administration’s agenda to strengthen the Nigerian economy, expressing optimism about the positive impact of the company’s initiatives.
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