Abdul-Samad Rabiu, the BUA Group’s Chairman, announced on Thursday that the company would keep its word to sell cement for N3,500 per bag starting from January 2024.
He made the pledge on Thursday after meeting with President Bola Tinubu in Lagos and talking to State House Correspondents. He also said that the company would ensure that the product was available and affordable to customers in spite of various difficulties.
He also revealed that the cement company’s Sokoto plant would be opened in January 2024.
In his words, “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.”