BUA Crashes Price of Cement to N3,500 Per Bag

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In a move aimed at bolstering the construction and infrastructure sectors, BUA Cement Plc has announced a significant reduction in its ex-factory cement prices, effective October 2, 2023. The company, a leading player in Nigeria’s cement industry, made this announcement through a press release today.

BUA Cement’s decision to bring forward the price reduction is in line with its previous commitments to lower prices following the completion of new production lines later this year. The move is expected to have a positive impact on the building materials and construction sectors in Nigeria.

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As of October 2, 2023, BUA Cement will sell its cement at an ex-factory price of 3,500 Naira per bag, providing immediate relief to consumers. This price reduction is part of the company’s strategy to pass on the benefits of cost efficiencies to its customers ahead of schedule.

The ongoing construction of new plants by BUA Cement is anticipated to increase its production capacity to a staggering 17 million metric tonnes per annum. With these enhanced production capabilities, BUA Cement plans to conduct a further review of its prices in line with its earlier commitments during the first quarter of 2024.

Importantly, BUA Cement has assured customers that all pending, undelivered orders that were paid for at the old prices will be adjusted to reflect the new pricing of N3,500 per bag starting from October 2, 2023. The company has also urged its licensed dealers to ensure that end-users benefit from these reduced ex-factory prices, with field sales being closely monitored to ensure compliance.

This bold step by BUA Cement is expected to stimulate growth in the construction industry and contribute to the development of vital infrastructure projects across Nigeria. The company’s commitment to providing high-quality cement at affordable prices aligns with its vision to support national development efforts.

BUA Cement Press Release

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