BUA cement has reduced the price of cement to a sum of N3,500 from N5,000 pending the completion of their power plants this year.
This was announced via a statement issued by the company yesterday that the new price will be effective from October 2, 2023.
The management told the public that all pending orders which have been paid for will also be slated down to N3,500 to favor everyone. This is to ensure that Nigerians enjoy the price reduction before the completion of their power plants at the end of the year.
The statement 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.
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.
As a result, BUA Cement would now be sold at an ex-factory price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.
"Note that all pending, undelivered orders which had been paid for at the old prices would be reviewed downwards to N3500 per bag in line with the new pricing from October 2, 2023."
This was announced via a statement issued by the company yesterday that the new price will be effective from October 2, 2023.
The management told the public that all pending orders which have been paid for will also be slated down to N3,500 to favor everyone. This is to ensure that Nigerians enjoy the price reduction before the completion of their power plants at the end of the year.
The statement 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.
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.
As a result, BUA Cement would now be sold at an ex-factory price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.
"Note that all pending, undelivered orders which had been paid for at the old prices would be reviewed downwards to N3500 per bag in line with the new pricing from October 2, 2023."