Business
BUA Cement to crash price from N5,500 to N3,500 per bag
BUA Cement Plc has announced plans to reduce the price of cement in Nigeria from the present N5,500 to between N3,000 to N3,500.
This was made known by the Chairman of the company, Abdul Samad Rabiu, after a meeting with President Bola Tinubu at the State House, Abuja on Friday, September 15, 2023.
Rabiu revealed the cement company is adding 2 new plants at the end of the year to be commissioned by President Bola Tinubu, bringing BUA Cement’s total capacity to 17 million metric tons.
Speaking on the visit, he said this is part of its own contribution to support the efforts of the Federal Government to bring down the prices of key commodities in the country, adding that this will enable the company to bring down the price of cement to about N3,500 per bag.
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