Following a meeting with President Bola Tinubu on Friday, manufacturers of BUA Cement are prepared to lower the cost of their product and cause a crash in the price of cement in Nigeria.
According to Anaedoonline.ng, the company’s chairman, Abdul Samad Rabiu, said this following a meeting with President Tinubu at the State House in Abuja today.
Business War: Dangote Demands Shutdown Of BUA Sugar Plant, Petitions FG
Speaking about the visit, Abdul Samad Rabiu said that the company will be adding two additional plants at the end of the year to be inaugurated by President Bola Tinubu in order to support the government’s efforts to lower the prices of important commodities.
With the addition of the two new plants, BUA Cement’s overall capacity would increase to 17 million metric tonnes.
Additionally, it would permit the business to reduce the cost of cement to about 3500 naira per bag.
Follow us on Facebook
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.