x

Breaking News: BUA Cement Slashes Cement Prices to N3,500 per Bag

By Daniel Edu

In a significant development, BUA Cement PLC has announced a substantial reduction in the price of its cement products, effective from Monday, October 2, 2023. The company has lowered the price to N3,500 per bag, aligning its actions with a commitment to drive growth in the building materials and infrastructure sectors.

This pivotal decision was made public through an official statement posted on BUA Cement’s X (formerly Twitter) page. It follows weeks after the company’s chairman, Abdul Samad Rabiu, held discussions with President Bola Tinubu and pledged to review the product’s pricing.

The statement released by BUA Cement read as follows: “We refer to our previous announcements regarding our intention to reduce cement prices upon the completion of our new production lines by the end of the year, with the aim of stimulating development in the building materials and infrastructure sectors.”

“As part of our commitment to price reduction and following a thorough review of our operations for enhanced efficiency, BUA Cement Plc is pleased to inform our valued customers, stakeholders, and the general public that effective October 2, 2023, we have decided to expedite the price reduction. Consequently, BUA Cement will be available at an ex-factory* price of N3,500 per bag, allowing Nigerians to reap the benefits of this price adjustment ahead of our plant’s completion.”

The statement concluded with a forward-looking approach: “Upon the successful completion of our ongoing construction of new plants, which will increase our annual production capacity to 17 million metric tonnes, BUA Cement PLC intends to further review these prices in accordance with our earlier commitment by the first quarter of 2024.”

This price reduction is expected to have a positive impact on the construction industry and the wider economy, making building materials more accessible and affordable for Nigerians.

Hot this week

Tinubu Flags Off Construction of Benue’s First Flyover

By Isaac Kertyo, Makurdi President Bola Ahmed Tinubu has flagged...

Gov. Ododo Pays Tribute to Late Sen. Adebayo

By Noah Ocheni, Lokoja Kogi State Governor, Alhaji Ahmed Usman...

Gov Mutfwang Commissions New JMDB Market to Empower Women Traders

By Isreal Adamu, Jos Plateau State Governor, Caleb Mutfwang, has...

Kano Police Command, Foundation Organise Attitudinal Change Lecture For Officers

The Kano State Police Command, in collaboration with the...

Governor Yusuf Reaffirms Commitment to Transforming Kano State

By Jabiru Hassan Kano State Governor, Alhaji Abba Kabir Yusuf,...

Gov Sule Hands Over Headquarters Complex to North Central Development Commission in Lafia

By Israel Adamu, Jos Nasarawa State Governor, Engr. Abdullahi Sule,...

Kogi Govt Vows to Clamp Down on Youth Aiding Bandits

By Noah Ocheni, Lokoja The Kogi State Government has warned...

8th Zenith Bank/Delta Principals’ Cup Kicks Off September 18

By Anne Azuka The 8th edition of the Zenith Bank/Delta...

Kaduna ADC Stakeholders Petition Police Commission, Demand Probe of El-Rufai

By Achadu Gabriel, Kaduna Stakeholders of the African Democratic Congress...

China Commissions 14th Chinese Corner in FCT School

The Chinese Embassy in Nigeria on Thursday inaugurated a...

Governor Sule and the Two Horsemen: How Synergy Is Redefining Governance in Nasarawa

By Leo Zwanke, Lafia When Engineer Abdullahi Sule assumed office...

Related Articles

Popular Categories

spot_imgspot_img