We'll keep our promise of N3,500 per bag of cement, BUA assures

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The BUA Cement company has reassured that it will keep its promise of N3,500 price per bag of its cement.

Alhaji Abdul-Samad Rabiu, Chairman of the BUA Group, maintained that the company would abide by its promise of selling cement at the price of N3,500 from January 2024.

He spoke with State House correspondents after a visit to President Bola Tinubu on Thursday in Lagos.

He also promised that the product would be accessible and affordable to customers in spite of various challenges.

According to him, “You know the price that we have set will be N3,500 per bag. You know ex-factory of course plus VAT and then delivered to customers depending on the region.

“As you know, the factories 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.”

Rabiu said the cement company would inaugurate its plant in Sokoto by January 2024, which would further expand the market across the country.

“And as we all know, the volumes that we will be having will be about six million tons 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,” he said.

Rabiu said his visit to the president was to felicitate with him on the Christmas and New Year festivities, adding that it was a pleasant one.

“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.