BUA Cement Plc Announces Significant Price Reduction for Cement.
- How much is Bua cement per bag?
In a move set to benefit builders, contractors, and homeowners across Nigeria, BUA Cement Plc, one of the nation’s leading cement manufacturers, has made a significant announcement regarding a substantial price reduction for its cement products. Effective Monday, October 2, 2023, BUA Cement Plc has lowered the price of cement to N3,500 per bag.
The company officially unveiled this price reduction in a statement shared on its Facebook page on Sunday evening. BUA Cement Plc stated that this decision was driven by its commitment to promote development in the building materials and infrastructure sectors, as well as to make quality cement more accessible to Nigerians.
The statement from BUA Cement Plc read, “We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.”
It continued, “As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward.”
With this announcement, BUA Cement Plc aims to enable Nigerians to enjoy the benefits of reduced cement prices before the completion of its new production plants. The company is currently working on constructing new facilities that will increase its annual production capacity to a staggering 17 million metric tonnes.
BUA Cement Plc also assured its customers that any pending orders that had been paid for at the previous prices will be adjusted to the new pricing of N3,500 per bag, starting from October 2, 2023. To ensure that the price reduction reaches end-users, the company has called upon its licensed dealers to adhere to the new ex-factory prices and will actively monitor sales to guarantee compliance.
This move by BUA Cement Plc is expected to have a positive impact on the construction industry in Nigeria, making essential building materials more affordable and contributing to the country’s infrastructure development. The company has further hinted at potential price reviews in the first quarter of 2024, aligning with its earlier commitments.
How much is Bua cement in Nigeria?
BUA Cement PLC has unveiled a significant price cut for its cement product, reducing it to N3,500 per bag, effective from Monday, October 2, 2023. This decision aligns with the company’s dedication to fostering growth in the “building materials and infrastructure sectors.”