Tayo, Lokoja
Cement is one of the few consumer products in the country that change price very frequently despite the fact that it’s not an imported commodity. Investigations revealed that the price of cement is between N5000 to N5,800 across the country.
As Nigerians continue to lament over the price of cement, the Chairman of BUA Cement Plc, Abdul Samad Rabiu has said the company is going to reduce the price of its product by January, 2024. Rabiu said this during an interview with journalists held on the sidelines of the company’s seventh Annual General Meeting on Thursday in Abuja.
According to him, the decision was part of the company's effort to support the government of Nigeria.
This was coming after the Minister of Works, Dave Umahi said the Federal Government was considering the importation of cement that would be affordable for Nigerians.
Rabiu said the company is currently increasing its production capacity, noting that once that is achieved by the end of this year, it will boost the availability of the product and drive down the price.
BUA Group is a Nigerian conglomerate, active in cement production, sugar refining and real estate.
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