We will sell cement at N3500 this January —BUA Group

The chairman of the BUA Group, Abdul-Samad Rabiu, has declared that the company will stick to its pledge to sell cement at N3,500 starting from January 2024.

He made this statement on Thursday, December 28, in Lagos while speaking with State House Correspondents following his meeting with President Bola Tinubu.

He promised that the business will also make the product available at a reasonable price for consumers. “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 factory 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.

Rabiu added that the cement company’s Sokoto location, scheduled for opening in January 2024, is anticipated to significantly broaden the market throughout the nation.

“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.”

In addition to expressing his happiness with the President’s Christmas and New Year celebrations, Rabiu remarked that his visit was enjoyable.

“It is always quite good to see them when they are relaxed and you know, I am pleased to say that his excellency looked very relaxed, well rested and also in good spirits,” BUA chief said.