Bobola Richard<\/p>\n
Abdul Samad Rabiu, Chairman of BUA Cement Plc., has disclosed plans to significantly cut the price of cement in a significant move aimed at aiding the Federal Government’s attempts to stabilise the pricing of key commodities. Rabiu told journalists during a meeting with President Bola Tinubu at the State House in Abuja that his company is committed to making cement more accessible to Nigerians.<\/p>\n
<\/p>\n
Rabiu claimed that BUA Cement plans to reduce the present cement pricing from N5,000 to N5,500 per bag to a more affordable N3,000 to N3,500 per bag. This substantial price cut is scheduled to begin with the December completion of two new manufacturing lines, each with a 3 million tonne capacity.<\/p>\n
<\/p>\n
During his discussion with President Tinubu, Rabiu expressed his appreciation for the President’s hospitality and used the occasion to discuss the business of BUA Cement. He went into greater detail about the company’s objectives for growth, emphasising the upcoming start-up of the two new production lines.<\/p>\n
<\/p>\n
With the addition of these two facilities, BUA Cement’s overall production capacity will rise to an impressive 17 million metric tonnes per year. Rabiu emphasised that the company’s ambitious goal of considerably lowering cement prices would be accomplished thanks to this increased capacity.<\/p>\n
<\/p>\n
Along with energy sources like gas, which are widely available in Nigeria, he also highlighted the composition of the raw materials required in cement manufacture, with limestone and gypsum being the primary components. This wealth of local resources puts BUA Cement in a good position to support the government’s initiative to lower the cost of basic necessities for the Nigerian people.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Bobola Richard Abdul Samad Rabiu, Chairman of BUA Cement Plc., has disclosed plans to significantly cut the price of cement in a significant move aimed at aiding the Federal Government’s attempts to stabilise the pricing of key commodities. Rabiu told journalists during a meeting with President Bola Tinubu at the State House in Abuja that […]<\/p>\n","protected":false},"author":2,"featured_media":2082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[59],"class_list":["post-2081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/2081","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=2081"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/2081\/revisions"}],"predecessor-version":[{"id":2083,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/2081\/revisions\/2083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/2082"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=2081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=2081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=2081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}