BUA Group has decided to being down the price of Cement effective October 2, 2023.
According to a statement from the Cement manufacturer, the organization decided to bring the price reduction forward rather than waiting till when its new production lines were completed as it had earlier promised.
Based on the latest development, the ex-factory price has now been fixed at 3,500 NAIRA per bag, ‘so that Nigerians can begin to enjoy the benefits of the price reduction even before the completion of the new plants’.
The statement further revealed that upon completion of the new plants which will increase BUA production volume to 17million Metric tons per annum, the company intends to further review downwards the price of cement by first Quarter of 2024 in line with earlier promise.
See full text of the statement below:
