BUA Group has announced that it has crashed cement prices across the country, starting from Monday, October 2, 2023.
BrandNewsDay reports that Bua, in a statement noted that the organization decided to bring the price reduction forward rather than waiting till its new production lines were completed as it had earlier promised.
Recall that Bua, in a meeting held last month with Nigerian President Bola Ahmed Tinubu promised that it is going to splash the price of cement to cushion the effect of hardship Nigerians are presently witnessing from its ends.
Based on the latest development, the Cement manufacturer’s ex-factory price has now been fixed at 3,500 NAIRA per bag, ‘so that Nigerians can begin to enjoy the benefits of the price reduction even before the completion of the new plants’.
The statement further revealed that upon completion of the new plants which will increase BUA production volume to 17 million Metric tons per annum, the company intends to further review the price of cement by the first Quarter of 2024 in line with earlier promise.
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