Fed. Govt commends BUA for cement price reduction

The Federal Government has commended BUA Group for the reduction of its cement price from N5,500 per 50kg per bag to N3,500.

The government has called on other cement producers in the country to follow suit and assist common Nigerians.

Minister of Housing and Urban Development, Arc. Ahmed Dangiwa who made the commendation said the Ministry is aware that most cement vendors are yet to initiate the new price of BUA, claiming they are still selling the stock they bought at the previous price.

He said the government is trying to reach out to BUA Group, to make them brand the new ones they intend to sell at the new rate so buyers would be able to differentiate between the old stick and new, to avoid being cheated.

Dangiwa made this known while fielding questions from newsmen in Abuja, after a tour of three housing projects in Suleja Dikko prototype Public-Private Partnership (PPP) cooperatives, Gwagwalada NPH PPP and the Guzape Federal Housing Authority (FHA) estates.

He said, “We have to commend BUA cement company for the fact that they have come to assist the common man, by reducing the prices of their cement but most if the people still selling the products at higher prices claim they both it at higher prices which is why the price seems to not have changed.

“So we are trying to reach out to BUA, let them mark the new ones they are producing now with a different brand so we know the brand that they produced at a cheaper price so that anyone that see it would know that it is supposed to be sold at a cheaper price.

“We commend BUA and are encouraging other cement producers to key into that to see they bring relief to the common man in the country. It shows that the profit they are getting is exorbitant if someone can reduce it, this is what we have to do as a government to ensure Nigerians get better prices for what they buy.”