BUA Cement Plc has stated that there is no increase in price of its Cement products.

In a statement sent to POLITICS NIGERIA on Friday, the company called on the general public to ignore any rumour of a price increase.

"We are compelled to release this statement following requests from our distributors and customers seeking clarification as to whether BUA also intends to increase the price of its cement. This is in view of a purported increase of N260 by another major Cement producer – Dangote Cement.

["We are now aware that Dangote Cement has increased the price of its Cement (ex-factory) by N260 effective Monday, June 14, 2021. BUA is not a part of this increase and will not seek to increase the price of its cement (ex-factory) in the foreseeable future. BUA therefore restates its earlier position communicated on April 24, 2021 that it will not join in any increase in the prices of Cement for the foreseeable future."

" Whilst we believe it is the prerogative of any company in a free-market economy to determine the prices of their products as they deem fit, based on their urgent business needs, our position not to increase our own prices is anchored on the following:

"We are aware of the feedback and outcry from the public, and the government on the high retail price of cement in a period of economic recovery. BUA is also of the firm belief that the current retail prices of Cement are higher than normal, hence our earlier communication not to increase ex- factory prices in the foreseeable future."

"Since our last communication to our customers and the public, we have noticed a slight decline in the price of cement due to the commencement of the rainy season - during which demand is reduced. We believe that any further increase in prices will hamper a continuous downward trend as well as hamper a normalization/stabilization of prices of the commodity."

"As a responsible corporate entity, we refuse and reject associations with any actions that are deemed capable of projecting any industry we operate in as a cartel. Hence, whilst we respect that the said company has decided to increase their prices, we are not questioning the reason(s) why, but would like to make clear BUA’s position on a price increase."

"The Timing is not right for any increase on BUA’s part, and we do not have any justifiable business reason to increase our prices (ex-factory) anytime soon. We hope that despite this producer’s price increase, the overall retail price of cement and current downward trend in prices will not be affected negatively."

https://politicsnigeria.com/no-increase-in-price-of-our-cement-bua/

Noted

Chai Naija...perSin no fit buiLd hOuSe for hin Papa again juSt becOs onLy tWo peopLe for thiS Country don Use Us dey catCh CruiSe


Few days baCk i was reminiscing when the price of Our Almighty 12mm & 16mm Rods was N2500 & N4000 in the market, but now na no go area

Okay

How much is the cement?

Hmmm

Nice one.. This man is an state business man, unlike the other one with the orange towel.

K

May Allah continue to bless the owner of BUA and ease his affairs.

K

To some extent, i think BUA is a lesser evil than Dangote. Dangote is a greedy businessman.

Plenty writing without content.

How much is your cement? Avoid us this epistle that can't hold water.

This country, finally! na cruise...

Please I have never been an advocate of leaving Nigeria but at this point If you have your way please leave this country.

Bua and Dangote muscling themselves

Nice one Rabiu musa.

So how much is your price now?

This cement guys just dey frustrate young hustlers like us wey dey try meet up wt our building projects... But God no go shame us... We must complete am this year in Jesus Name. AMEN!

Next Level

Dangote is getting on our nerves

If our government can checkmate Dangote activities in line with national interest....
Half of the country problem will be solve.

Dangote Dangote Dangote still dey find money ......... But he should cool down too o. Not by discouraging people wey wan build house

Dangote is too greedy.

When you read about "The Men who Built America" you will agree with me that men like Dangote play a vital role to the economic and development progress of a nation and its citizens.

By the continuous increase in price of cement, Dangote is telling most Nigerians to kiss their dream of owing a home goodbye.

To the Government, no individual or institution should have much control over the prices of an essential products, I really fear when his refinery will kick start production, Nigerians might wish the status quo remained.

Akuko mike.....one bag 4500..


One thing is certain, when this hunger calamity coming on the way hits the country....Average and below will feast on criminal minded capitalists like bua, dangote etc....Who have in a way by hook or crook..siphon what belongs to everyone through their political associates....


It's coming gradually..

That is one of sales/market strategy. Good to hear anyway.

Good news, Very Good News,
But it will be a bad news to the children of hate, frustrations and perdition.
Thr frustrated evil animals in our darling nation.
All they want is to be reading sad, bad and negative news about our country.
And man such negative and bad news always be with them alone in their abode, among their family members.

Devil punish all enemies of this country.

Nigeria will be great again in our lifetime.
God bless Nigeria.

We Rise.

You did not increase cement? One bag was 2,500 in January 2020 and now it is 4,500 in 2021 and you say you did not increase it?

Many Nigerians have lost hope in building their own houses.

Even the commenter above me may never be able to mould block talkless of building house in this life considering that fact that his 30k salary can only buy 5 bags of cement.