BUA Vows to Maintain N3500 Cement Price from January
BUA Group has promised to maintain selling cement at the price of N3,500 from January 2024.
According to the Chairman, Abdul-Samad Rabiu, company would also make the product accessible and affordable to customers despite various challenges.
Rabiu made this known while addressing newsmen following a visit to President Bola Tinubu at the State House in Lagos on Thursday.
He said, “You know the price that we have set will be N3,500 per bag. You know x factory of course plus VAT and then delivered to customers depending on the region.
“As you know, the factories that we have; one is in Edo, the other one is in Sokoto state. So for example, if you want us to deliver cement to you from Sokoto say to Lagos from Adamawa or to Maiduguri, the distance is quite far.
“So dependent on the distance and dependent on the location. You know the price changes but we intend to keep that promise,” he said.
Rabiu further stated that the cement market would soon be expanded when the company’s site in Sokoto is inaugurated in January 2024.
“And as we all know, the volumes that we will be having will be about six million tonnes per annum combined. And we expect those volumes to have an impact.
“Though we’re having some issues here and there, but these are issues that I believe we can address and we are addressing them.”
