Lagos, Dec. 27, 2023 – Alhaji Abdul-Samad Rabiu, the Chairman of BUA Group, on Thursday said that the company would stick to its promise to sell cement at N3,500 per bag from January 2024.
He said this while speaking with journalists after a meeting with President Bola Tinubu in Lagos.
“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, 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, but these are issues that I believe we can address and we are addressing them.” (GBN)
