Major producers of cement in the country have assured that they are actively working to reduce the cost of the product as soon as possible.
The Chairman, BUA Cement, Abusamad Isyaku Rabiu, told State House correspondents after a meeting with Acting President, Yemi Osinbajo, in Abuja on Thursday, that the country’s foreign exchange situation and the high cost of Low Pour Fuel Oil (LPFO) were largely responsible for the escalating cost of cement in the country.
According to him, some of these factors, which led to the high cost of cement are being addressed by the Federal Government, adding that the foreign exchange situation has now improved dramatically while the cost of LPFO used by some cement companies, including one of his own plants in Sokoto, has also come down.
Rabiu noted that the companies involved are now working very hard to reduce the cost of cement, assuring that it would happen in the near future.
He said, “cement production requires a lot of energy. That is quite a significant part of the cost of cement production. That has been addressed to mainly the price of oil, may be the price of LPFO we use has come down. I’m talking about Sokoto now.
“Of course, the other cement plants scattered all over the country like, may be the southern part of the country, are using gas which is actually much cheaper. But for Sokoto, for example, we are using LPFO and it is quite expensive.
“We have to transport it either from Lagos or from Kaduna refinery if there is availability. That, you know, from time to time, impacts on the cost. But I can assure you that the three major companies producing cement in Nigeria are working very hard to see that the price of cement comes down in the very near future.
“We are trying hard to make sure the price comes down. Of course, the foreign exchange aspect also improved dramatically. That, as we all know, was a big issue. Now, that has improved considerably. So, I think we will see a reduction in the very near future.”
Asked the purpose of his visit, Rabiu said it was to invite the Acting President to the commissioning of BUA Cement Sokoto plant that is nearing completion.
“The reason I came here is to pay respect to His Excellency, the Acting President, and to also solicit for his support in commissioning one of the projects we are doing,” he said.
Speaking on the Sokoto project, Rabiu stated: “Well, it is a project that we have almost completed. It is Sokoto Cement and we are hoping to commission the plant very soon. We discussed that and he is looking into it and he has promised to get back.”

http://sunnewsonline.com/cement-manufacturers-agree-to-crash-price-rabiu/

Lalasticlala

waiting. ..

This is good news


First it's diesel

Then cement

Waiting for petrol

Very good news, especially for dudes struggling to put up some structure for self & family.

But since the chairman of BUA is a northerner, just watch as some pained gala-hawking reprobates start making some funny noise like monkeys.

Mr BUA cement we pray soo pls the price is really too much

Oooooook

Time to Build my Penthouse

Okay

We are not interested in your "trying",

Just bring down the price.

Nigerian manufacturers have cheated

us to much!!!

DANGOTE BE LIKE...@@@ SEE DEM DIS MUMU PEOPLE..NAIJA POLITICS!

Long overdue. Good development.

.

When will rice come down

I pray God continue to touch people's heart to reduce food prices

Nigeria we have the solution to our problem

What have we achieve ever since we began our journey to democracy

We need military rule

Good morning everyone
Go

Church ooooo














































































This a large auditorium

BiafranYouths:
Time to Build my Penthouse

Wake up bro!

Bring it down to #1'000

Good one sha....bur crash food rice and start low costing housing in ogun state an ibadan so lagos population can reduce

Good development

Good

Story for the gods.

Some dumb heads above me are celebrating this news when they have not seen any promises achieved by APC

about time

LionDeLeo:
Very good news, especially for dudes struggling to put up some structure for self & family.

But since the chairman of BUA is a northerner, just watch as some pained gala-hawking reprobates start making some funny noise like monkeys.

I think you're more pained...so much hate you habour in you.

How do you manage to live daily while carrying such a burden?

Make them still dey increase price na. Na them go tire

[quote author=QueenOfNepal post=58271724]Story for the gods.

Some dumb heads above me are celebrating this news when they have not seen any promises achieved by APC[/quotetbank God promise not achieve is forfill

Mintek:


I think you're more pained...so much hate you habour in you.

How do you manage to live daily while carrying such a burden?

Spotted. Counting...

They have to reduce it. This is rainy season and there's usually low construction. Cement prices normally falls during this time due to low patronage.

Lets wait for dry season to know of they're serious.

Time to start thinking about building my own house

signz:
They have to reduce it. This is rainy season and there's usually low construction. Cement prices normally falls during this time due to low patronage.

Lets wait for dry season to know of they're serious.

Timely

hemartins:
Time to start thinking about building my own house

Get cracking bro, don't just think, no time.

Allow agbayas waiting for Bubu to start building houses for their stinking a$$e$.

hope to witness price crashing as soon as possible. so that the least paid civil servants can also have house of they own.

bwajes:
hope to witness price crashing as soon as possible. so that the least paid civil servants can also have house of they own.

It will come to pass and we shall all witness it. We need to be optimistic.

Just get ready to maximise the opportunity.

Success is when opportunity meets preparation - Anonymous