BUA Cement PLC has made a significant move to bolster the construction industry by officially lowering the price of its cement product to N3,500 per bag, starting from October 2, 2023.
This strategic decision is a testament to the company’s steadfast dedication to fostering growth in the building materials and infrastructural sectors, aligning with their mission to contribute to national development.
This price reduction, communicated through their official social media platform, comes on the heels of constructive discussions between BUA Cement’s chairman, Abdul Samad Rabiu, and President Bola Tinubu. The company’s proactive approach reflects its commitment to making a positive impact on the economy and ensuring affordability for consumers.
By initiating this price reduction ahead of schedule, BUA Cement aims to provide immediate benefits to consumers, allowing them to enjoy cost savings even before the completion of the company’s ambitious new plant projects. These ongoing constructions are poised to significantly boost BUA Cement’s production capacity to an impressive 17 million metric tonnes per annum, further solidifying its position as a key player in the industry.
Looking ahead, BUA Cement PLC has outlined plans for a comprehensive review of its pricing structure in the first quarter of 2024. This review will take into account the completion of their new plants, ensuring that the company continues to offer competitive prices while maintaining high-quality products. This forward-thinking approach underscores BUA Cement’s commitment to long-term sustainability and customer satisfaction, making a positive impact on both the construction sector and the overall economy.
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