BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu (462 Views)
| BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by lexylaw09(op): 8:22am On Sep 16, 2023 |
Daily TrustSep 16, 2023 12:13 AM The Chairman of BUA Group, Abdul-Samad Rabiu, says the company is set to reduce the price of cement in Nigeria. He disclosed this on Friday… The Chairman of BUA Group, Abdul-Samad Rabiu, says the company is set to reduce the price of cement in Nigeria. He disclosed this on Friday while speaking ith State House correspondents after meeting with President Bola Tinubu. Rabiu said to support the efforts of the government to crash the price of the product, the company would add two new plants at the end of the year or early next year. According to him, the plants to be commissioned by Tinubu, would bring BUA Cement’s total capacity to 17 million metric tons. This, he said will enable the company to reduce the price of cement to about 3500 naira per bag. He said: “Let me thank His Excellency Mr. President for graciously receiving me today. I came to intimate His Excellency on the affairs of our cement business. We have two new lines of 3 million tonnes each that we will be commissioned by the end of the year. “So I came to intimate His Excellency and also to explain to him the efforts we’re making in trying to support again the efforts of the government in bringing down the price of cement. “With this 6 million tonnes that are commissioning by the end of the year. And by the way, His Excellency has agreed to come and commission the plants, sometimes in December or early January next year. “So I explained to him and we want to support the efforts of the government in bringing down the price of cement. By the time these lines are commissioned, BUA Cement will to be producing about 17 million tonnes per annum. And with that, we intend to bring down the price of cement from its current level of N5000 or N5500 per bag to maybe N3000 to N3500 per bag. “And we can only do that because we’re producing cement locally. 80% of the raw materials that we’re using to produce cement are in Nigeria. We want to support the government efforts in ensuring that the price of thess commodities are brought down. “Incidentally, I also saw the Honorable Minister David Umahi, when I was with the with His Excellency, Mr. President, and we agreed to meet so what we’re going to do is by the time we commission these two lines is to announce to Nigerians that the price of cement is going to come down.” Intrigued by stock market trading? Deriv Immigration to America 2023 Buzzuza Ex-Police Dog Barked at The Ground for Days, Firemen Couldn't Believe What Was Inside 5minstory.com How To Play the US Megamillion $1 Billion Jackpot from Your Mobile? 24lottos by TaboolaSponsored Links Unmute
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| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by MatrixReloaded: 8:26am On Sep 16, 2023 |
Why change of price? Politics kee all of una there. Useless pigs. U think you are affecting common man, what about the rod , granites, sands, woods? Only cement deh build house. Are there no colliation of building association of Nigeria. 1 Like |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by RenaissanceGuy: 8:35am On Sep 16, 2023 |
lexylaw09:No link?? |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by triple996(m): 8:37am On Sep 16, 2023 |
Do it nah, .......since when have u guys been discussing it |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by lexylaw09(op): 8:40am On Sep 16, 2023 |
RenaissanceGuy:Daily TrustSep 16, 2023 12:13 AM |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by youngsahito(m): 8:41am On Sep 16, 2023 |
MatrixReloaded:what is the colour of your problem Mr man, always against everything the govt says. 1 Like |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by DatNiggaDaz: 8:42am On Sep 16, 2023 |
Propaganda, lies & deceit does not move a ccountry forward. All these useless sensational headlines are for the emilokans not for sane hardworking Nigerians.. The season of...only for the emilokans
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| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by RenaissanceGuy: 8:47am On Sep 16, 2023 |
lexylaw09:LOL. Is that how other people put link in their threads? I mean something like: https://www.news.com/xyzvbnmkjhfg. Copy the link address where you got the news from. |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by lexylaw09(op): 8:56am On Sep 16, 2023 |
RenaissanceGuy:you too like to dey masturbate |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by MatrixReloaded: 8:56am On Sep 16, 2023 |
youngsahito:Na ur papa get problem cos if you can't think properly go and take some nap. Tinubu na head of state, Bua na organization. Head of state meet with builders association of Nigeria and reach a number of raw materials to reduce costs. Just only Bua...gettat |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by slimfit1(m): 9:22am On Sep 16, 2023 |
Why don't you supply already mixed cement instead of bags of cement. |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by StarRiderr: 10:45am On Sep 16, 2023 |
lexylaw09:see make una no dey hype us with propaganda all the time for this country nau nawa ooooh |
| Re: BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu by lexylaw09(op): 10:53am On Sep 16, 2023 |
Nice one BUA |
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