BUA Group has decided to being down the price of Cement effective October 2, 2023.

According to a statement from the Cement manufacturer, the organization decided to bring the price reduction forward rather than waiting till when its new production lines were completed as it had earlier promised.

Based on the latest development, the ex-factory price has now been fixed at 3,500 NAIRA per bag, 'so that Nigerians can begin to enjoy the benefits of the price reduction even before the completion of the new plants'.

The statement further revealed that upon completion of the new plants which will increase BUA production volume to 17million Metric tons per annum, the company intends to further review downwards the price of cement by first Quarter of 2024 in line with earlier promise.

See full text of the statement below

BUA Cement reduces ex-factory cement prices to N3,500/bag effective October 2, 2023.

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.

Upon completion of the ongoing construction of our new plants, which would increase our production volumes to 17million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.

NOTE: all pending, undelivered orders which had been paid for at the old prices will be reviewed downwards to N3500/bag in line with the new pricing from October 2, 2023. Our licensed dealers are also enjoined to ensure that end-users benefit from this reduction in ex-factory prices as we will monitor field sales to ensure compliance.

Signed:

Management
01 October, 2023

Source: @BUACement

If this is true...na me e go favour it would help me reduce the burden I have on my building.

Its not a help. This is why we have all beem crying against monopoloy. Thieves

If true, na to fence my 6 plots like this🤭🤭

Monopoly.

Give Igbos and Yoruba opportunity to produce cement too shikena .

Useless people

Good one from BUA cement company. Nigerians will now patronise BUA cement than dangote cement company

Dontcry09985:
Monopoly.

Give Igbos and Yoruba opportunity to produce cement too shikena .

Useless people

Did you apply and got rejected?

Hope this is not a fake news sha. If it's true, Umahi should patronize only him for cement.

Ikaeniyan0:
Did you apply and got rejected?

Hope this is not a fake news sha

Na today? What happened to ibeto?

Dontcry09985:


Na today? What happened to ibeto?

I don't know, what happen to it?

Ikaeniyan0:
I don't know, what happen to it?

Monopoly.

I thank God for his life ho he is currently selling in lybia

Awesome! Thank you BUA but we want more reduction in the price. All your main inputs are sourced locally. Check my signature for free stuffs!

Looks like tinubu’s government is favoring igbos back to back because they love building houses everywhere they go , their cities and in villages also. Tinubu government shall favor all Yorubas that supported Peter Obi dream to put Nigeria on world map and May Agbado tribalists perish in malnutrition hahaha

Dontcry09985:


Monopoly.

I thank God for his life ho he is currently selling in lybia

There's no monopoly in cement production in Nigeria.

If you say Dangote produce most of the cement in Nigeria , I would have agree with you. There's three major cement producer in Nigeria and as you can see, Bua is strategizing to take over the top spot from Dangote.

Let's see how Dangote and Lafarge will respond to this.

Wujio:
Its not a help. This is why we have all beem crying against monopoloy. Thieves

They are not thieves.
When u celebrate Davido for spending millions on a car for his gf, u called it his money and his choice.
When u celebrate wizkid for buying a wrist watch worth hundreds of millions of dollars, it's his money.
U all celebrate different people in this country who spend their money on things that don't help the society.
This people decides to use their own to start businesses and u call them thieves.
They are not thieves, it's their business.

Dangote has contributed 30% of Nigeria s failure in the past 15yrs in scarcity of dollars EMEIFELE sold 34billion dollars to dangote , through the back door at subsidized 440- 480, while importers of essential commodities were looking for dollars at 750 and could not get it, buharis fulani economics.

Dontcry09985:
Monopoly.

Give Igbos and Yoruba opportunity to produce cement too shikena .

Useless people

The average yoruba and lgb0 prefer spending their money on houses, clothes and shoes and come online to talk about how their shoes will feed the generation of the person replying them.
These ones are dedicated to their businesses and grew them over decades and somehow u come and pretend like they denied southerners the chance to do that.
Southerners like every northerner has the chance to start and run a business in the country like northerners.
Do it and stop bIackmaiIing others.

I hope this is true.

Is Ibeto n Wapco no longer producing cement abi who stopped them before ?

Dontcry09985:
Monopoly.

Give Igbos and Yoruba opportunity to produce cement too shikena .

Useless people

Dontcry09985:
Monopoly.

Give Igbos and Yoruba opportunity to produce cement too shikena .

Useless people

What about elephant cement, is it not part of Odua investment

This is a good development, we now have to wait and see what the dealers can do., yunno our country dealers innit… some of them are weird and wicked as fak

Good one

This guy is really going head on with Dangote the evil one whose only aim is to increase and gain from poor people's misery. May God bless Bua Cement for coming through.

Waiting for Alhaji

Lol

Renewed Hope working

God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria


Children of 8 will still wail and gnash their teeth

Waiting for Alhaji
Dangote or Dantataaaaaa

Ok

Powerful

After I recently bought about 100 bags at 5,500 to 6,000 per bag. I feel like crying.

Na fuel gan gan be the koko

Good development, this will definitely force Dangote Cement to reduce it price as well.

Monopoly is too costly for the Consumers.

Competition give rooms for fair play.