BUA Cement To Sell At N3500 From 2024- Rabiu

NEWSDAILYNIGERIA: The Chairman BUA Group, Abdul-Samad Rabiu has on Thursday assured that his company would sell a bag of cement at N3500 in 2024, as earlier promised.

During a meeting with President Bola Tinubu in Lagos on Thursday, he said his firm targets about 6 million tonnes of cement annually.

” I have given a promise, and we intend to keep that”

Rabiu disclosed that President Tinubu will commission its cement plant in Sokoto at any moment.

He, however, insisted that he intended to keep that promise: “We intend to keep the price of cement as we promised. And as we all know, our volumes will be about 6 million tonnes per annum combined.”He disclosed that the volumes will positively impact the nation’s cement supplies.

The product currently sells at between N5000 and N5200 per bag, according to a BusinessDay check

But the BUA Chairman, who had earlier assured Nigerians that the company would crash the price in 2024, insisted that the company is working hard to meet the target.

” I am going to maintain the price that we promised Nigerians. We’re having some issues here and there, but these are issues that I believe, you know, we can address and we are addressing them. But we intend to keep that promise that we made to Nigeria and to Nigerians.

”  You know x factory, of course, plus VAT, and then delivered to customers depending on the region, because as you know, our factories are in Edo state, the other in Sokoto state.

“So, for example, if you want us to deliver cement to you from Sokoto, say, to Lagos or Adamawa or to any destination, the distance is quite far. So, depending on the distance and the location. You know the price changes, but we intend to keep that promise.

” The important thing is to ensure that we maintain an affordable price number one that Nigerians will get. So, we are working on that, and I’m sure we’ll be able to achieve that.”