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

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