Video: BUA Chairman, Abdul Samad Rabiu Moves To Reduce Cement Price
Nigerian billionaire and Chairman of BUA Cement – one of the business entities that made up BUA Group – has assured that cement will be available for Nigerians at a reduced price.
The serial entrepreneur gave the assurance after a meeting with President Bola Tinubu at the State House on Friday, September 15, 2023.
Mr. Rabiu, who said the visit allowed him to inform the President of what the company is doing to support the government in bringing down the prices of cement among other key commodities, disclosed BUA cement is looking at commissioning two additional production lines of 3 million tones each before the end of the year that will ultimately increase the company capacity to about 17 million tons per year.
He further maintains that the cement company’s relentless efforts will force down the essential commodity prices to between 3000 naira and 5300 naira.
