The management of BUA Cement Plc has slashed its ex-factory price for a bag of cement to N3,500, from the previous price of about N5,500.
The new price which was announced on Sunday, in a statement titled, “Reduction in Prices of BUA Cement,” would take effect all over the country from today, October 2, 2023.
The management also pledged to cut down the price of the product further by first quarter of 2024, when it would have increased its production capacity to 17 trillion metric tonnes per annum.
BUA Cement added that all pending undelivered orders, which had been paid for at the old prices, would be reviewed downwards to N3,500 per bag in line with the new pricing from October 2, 2023.
According to BUA, “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 N3,500 per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.”
“Our licenced 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.”
