The manufacturers of BUA cement have announced a reduction of cement price from 6000 to N3,500 per bag.

Just two weeks after a meeting with President Bola Ahmed Tinubu, BUA Group announced in a statement on Sunday,

titled ‘Reduction in BUA Cement Prices,’ that their new pricing would come into effect from Monday, October 2, 2023.

This decision is aimed at stimulating growth in the construction and infrastructure sectors.

The statement explained:

“In line with our commitment to lowering cement prices and after a thorough operational efficiency review,

BUA Cement Plc is pleased to announce that, starting from October 2, 2023, we will be offering BUA Cement at an ex-factory price of 3,500 Naira per bag.

This move is designed to allow Nigerians to benefit from reduced prices even before the completion of our new production plants.

“As we continue the construction of these new facilities, which will boost our annual production to 17 million metric tonnes,

BUA Cement PLC plans to revisit these prices in accordance with our earlier promises by the first quarter of 2024.

“Please note that all pending, prepaid orders at the previous prices will be adjusted to the new rate of N3,500 per bag as of October 2, 2023.

We urge our authorized dealers to ensure that end-users benefit from these reduced ex-factory prices, and we will actively monitor field sales to ensure compliance.”

By Chinedu

57 thoughts on “BUA begins selling cement for N3,500 per bag, from its previous price of N6,000.”
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