Abdulsamad Rabiu, Chairman of BUA Cement, has reaffirmed that the company’s cement will be sold at the reduced price of N3,500 per bag, effective January 2024. Rabiu conveyed this commitment during a conversation with State House Correspondents following a visit to President Bola Tinubu in Lagos.<\/p>\n
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Previously, in September, BUA Cement had announced a price reduction from N5,500 to N3,500 per bag, initially scheduled to take effect from October 2nd, 2023. Despite concerns arising from the delayed implementation, Rabiu emphasized BUA’s determination to ensure the accessibility and affordability of their product for customers.<\/p>\n
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He explained, “The price that we have set will be N3,500 per bag, x factory of course plus VAT and then delivered to customers depending on the region.” Rabiu acknowledged the pricing variations based on delivery distance and location, highlighting the company’s commitment to keeping its promise.<\/p>\n
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Furthermore, Rabiu shared insights into the anticipated inauguration of the Sokoto cement factory in January 2024, which is expected to contribute to a combined annual production volume of about six million tonnes. This expansion aims to impact the market significantly, addressing challenges while actively working to resolve them.<\/p>\n
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The move by BUA Cement is poised to make cement more affordable, potentially boosting construction activity and contributing to economic growth. The company’s decision to reduce prices aligns with its goal to spur development in the building materials and infrastructure sectors, driven by increased production capacity and a commitment to affordability for Nigerians. This initiative is anticipated to have positive implications for the Nigerian economy, particularly amid challenges such as high inflation and a weak currency.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Abdulsamad Rabiu, Chairman of BUA Cement, has reaffirmed that the company’s cement will be sold at the reduced price of N3,500 per bag, effective January 2024. Rabiu conveyed this commitment during a conversation with State House Correspondents following a visit to President Bola Tinubu in Lagos. Previously, in September, BUA Cement had announced a […]<\/p>\n","protected":false},"author":14,"featured_media":12887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-12876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/12876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=12876"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/12876\/revisions"}],"predecessor-version":[{"id":12888,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/12876\/revisions\/12888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/12887"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=12876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=12876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=12876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}