BUA Cement CEO Meets Tinubu, Agreed To Sell Cement For N3500

BUA Cement CEO Meets Tinubu, Agreed To Sell Cement For N3500

The Chairman/CEO Bua Cement CFR, CON. Abdul Samad Rabiu, Meets President Bola Tinubu and agreed to Reduce Cement Price.

This was announced by the chairman of the company, Abdul Samad Rabiu, after a meeting with President Bola Tinubu at the State House, Abuja today.

Speaking on the visit, Abdul Samad Rabiu said that to support the efforts of the government to bring down the prices of key commodities, the company is adding two new plants at the end of the year to be commissioned by President Bola Tinubu, bringing BUA Cement's total capacity to 17 million metric tons.

This will enable the company to bring down the price of cement to about 3500 naira per bag.

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The current price of cement in the market is around N5000 per bag. Hopefully when the new price is initiated, building cost will reduce drastically.