The Chairman of the BUA Group, Alhaji Abdul-Samad Rabiu, has made known the company’s intention as to the commencement of the new price of bag of cement at which is said to be selling at the rate of N3,500 per bag.
Alhaji Rabiu said this while speaking at the State House on Thursday In Lagos, following his visit to President Bola Tinubu.
He said, the new price will take effect from January 2024 and the company would also make the product affordable and available to Nigerians nationwide, irrespective of all challenges.
“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.
Adding that the cement company site in Sokoto that would be inaugurated by January 2024 is expected to further expand the market across the country.
“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.”
