We’ll sell Cement for N3,500 per bag from january

Chairman of the BUA Group, Abdul-Samad Rabiu, on Thursday, said the company would fulfil its promise to sell a bag of cement for N3,500 from January 2024.

Rabiu made the commitment on Thursday while speaking with State House Correspondents after a meeting with President Bola Tinubu in Lagos.

He said the company would also make the product accessible and affordable to customers despite various 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 factory that we have; one is in Edo, and 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.

“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, these are issues that I believe we can address and we are addressing them,” he said.

Rabiu also disclosed that the cement company’s Sokoto location has been scheduled for opening in January 2024.