The Chairman of BUA Cement Plc, Abdulsamad Rabiu has related how cement dealers frustrated his company’s plan to sell cement at ₦3,500 per bag last year.
Browsing: Cement price
President Bola Tinubu has ordered Dangote, BUA, Larfarge, other cement companies to revert to the old price as it was in the country.
However, at the three-hours meeting also attended by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, with representatives of Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc in Abuja on Monday, the cement producers said their operating costs was responsible for the hike in the prices of the product.
Days after announcing the reduction of ex-factory price of cement, the BUA Group has ‘silently’ increased prices of food items, particularly sugar, flour and spaghetti, investigation has revealed.