BREAKING: BUA Crashes Prices Of Cement To N3,500 Per Bag

BUA Cement Company has reduced the price of cement from N4,800 to N3,500 per 50kg bag.

The company announced the reduction in a statement sent to DAILY NIGERIAN on Sunday.

“We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year in order to spur development in the building materials and infrastructure sectors.

“As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward.

“As a result, BUA Cement would now be sold at an ex-factory price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.