BUA CEMENT NOW #3,500 BUT...

By Ndon-Eyo2 Reporter Ndon-Eyo II Etinan.

 


On Sunday October 1st 2023 BUA Cement Plc. Announce the reductions of cements to #3500 per bag. 

That's a wonderful gift for independent celebration. That's so wonderful and thoughtful of them.

 But.... 

We have to know that these #3,500 is the Factory Price.

Do not expect the price to be the same at the retail price. So we might not buy cement less than #4,000 per bag soon. 

Because Cement would now be sold at an ex-factory* price of 3,500 Naira per bag.

So if ex-factory price is #3,500 how much will the retail price be?


Nigerian has been milked dry by unfair Nigerian Government promoting Monopoly. 

Giving advantage to selective few individuals to controls the economy of Nigera has been Nigerian undoing, just because these people are the major financiers of Elections, they will do all they can recoup their Investment inflicting  contracts that the Government would award their company and unfair preffrencial advantage given to them.


Ordinary Nigerian wouldn't buying a bag of rice at #50,000 or a bag of Cement at #6,500 a bag. Nigera has Business buying a litter of fuel at #650 if not because of unfair advantage and government allowed Monopoly of Dangote and the likes, these is why I say, Nigerian Government is not ready to reduce poverty and corruption in these country.


BUA CEMENT PLC.

Sunday, October 1, 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

Comments

Post a Comment

Popular posts from this blog

Who Are The Ibibos

By Ndon-Eyo2 Reporter Ndon-Eyo II Etinan.
Image
The Ibibio people, who speak a Niger-Congo language called Ibibio or Efik-Ibibio. History has it that Ibibo people have been in the present day Nigeria since 7,000 BCE.  They were "The Man's World kind of society" and are believed to have first settled in a place they called Ibom, which  was the name of their an  ancestor. The Ibibo people are an ethnic group predominantly found in southern part of Nigeria, specifically in the Akwa-Ibom, Cross River, Rivers and Abia States.  They are related to the Ibibio people and speak a related language known as Ibibio-Efik. Annang and Oron. The Ibibo people have a rich cultural heritage that includes dance, music, art, and traditional attire.  They are predominantly farmers and fisherm ween, but some also engage in trading and handicrafts.  Ibibo culture is the traditional culture of the Ibibo people, who primarily live in the southern part of Nigeria, particularly in the Akwa Ibom and Rivers State. They have their unique customs and
Read more

NDON EYO II: THE LAND OF GREEN VEGETATION & SERENITY AMBIANCE.

By Ndon-Eyo2 Reporter Ndon-Eyo II Etinan.
Image
Uduwa Essien Ndo Eyo 2 (Ndon Eyo Village Market) Click Here for the Google map direction to Ndon Eyo II from Abuja THE HISTORICAL BACKGROUND OF NDON EYO II VILLAGE IN ETINAN: Ndon Eyo II in Etinan L.G.A is one of the popular communities in the South-South Geopolitical Zone of Nigeria. Ndon Eyo II is one of the 65 Villages under Etinan Local Government Area of Akwa-Ibom State, which was created out of Cross River State on the 23rd of September 1987  Wikipedia of Akwa-Ibom State  .  Etinan was the headquarters of Uyo Province before 1976 when Uyo was a Division of South Eastern State of Nigeria. Ndon Eyo II is shares common Boundaries with Ekpuk , Nya Odiong and border with Qua Ibo River to Ndon Eyo I. Ndon Eyo II is Comprising of Five Clans:  in no particular    There are:- Nung Obikan  Nung Akpan ntak Nung Nsudom Nung Iyang Etuk Nung Unen GEOGRAPHICAL LOCATION AND CLIMATE: Ndon Eyo II is located on Latitude of 05001'N and Longtitude of 07054'E
Read more

Criminals has taken over Ndon-Eyo II in Etinan L.G.A

By Ndon-Eyo2 Reporter Ndon-Eyo II Etinan.
Image
 Notorious Criminals Has Taken Over Ndon-Eyo11 Village. For over two months now the people of Ndon-Eyo11 Village in Etinan LGA of Akwa-Ibom State has been sleeping with their two eyes closed. They have turn the ones peaceful quite Village to a deans of criminals, they forcefully taken people's Properties, smashing people motorcycles and brake and enters people's houses in a broad daylight. This incident has been reported to the Etinan Divisional Police office and the the police had made some arrests, but these dose not deter them from Carrington out their nefarious acts.  The Village head and his cabinet seems to be helpless, as there's no effort knowing us on how  put so far to bring these criminals to their knees.  Unfortunately the link leaders of the criminals are know people from the same Ndon-Eyo11.  We call on relevant authorities to please come to the rescue of Ndon-Eyo11 for the destruction of people's properties and stealing of people properties is beyond the
Read more