BUA Cement Chairman Rabiu Reveals Dealers Sold Cement at N8,000 Despite Company Price of N3,500
AbdulSamad Rabiu, the Chairman of BUA Cement, has disclosed that his company’s efforts to offer cement at an affordable price were undermined by market dealers. In 2023, BUA Cement aimed to sell cement at N3,500 per bag, hoping to make it more accessible to Nigerians. The company sold over a million tons of cement to […]
Why Cement Prices in Nigeria May Remain High
Nigerians hoping for a reduction in cement prices might be disappointed due to several economic factors. The depreciation of the Naira and rising inflation are major contributors to the high cost of cement. One significant issue is smuggling. Cement is being smuggled into neighboring countries like Chad and Cameroon, where a 50kg bag can cost […]