Connect with us

Business

BUA Cement Chairman, Samad Rabiu Meets Tinubu, Announces Plan To Reduce Price Of Cement To N3500 Per Bag

Rabiu revealed that his company is adding two new plants to be commissioned by President Tinubu at the end of the year.

Published

on

RabiuTinubu
Abdul Samad Rabiu and President Bola Ahmed Tinubu

Chairman of BUA Cement, Abdul Samad Rabiu, has announced plans to reduce the price of cement in Nigeria.

VerseNews reports that the Chairman made the announcement on Friday after a meeting with President Bola Tinubu at the State House, Abuja.

RECOMMENDED FOR YOU  BREAKING: Access Holdings Returns Aig-Imoukhuede As Non-Executive Chairman After Wigwe's Untimely Death

Rabiu revealed that his company is adding two new plants to be commissioned by President Tinubu at the end of the year.

Advertisement

These additions will increase BUA Cement’s total capacity to 17 million metric tons, allowing them to lower the price of cement to approximately 3500 naira per bag.

RECOMMENDED FOR YOU  Nigeria's Public Debt Surges By 10.7%, Hits N97.34 Trillion

According to him, this move is intended to support the government’s efforts to reduce the prices of essential commodities.

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

couple couple
Sports8 hours ago

PHOTOS: Meet Robyn Moodaly, Gabriela Salgado: First Married Couple to Play Together in WAFCON History

Robyn Moodaly and Gabriela Salgado have become the first married couple to play together in a Women's Africa Cup of...

images 14 1785221039 images 14 1785221039
Big Brother Naija8 hours ago

‘I Regret Not Crying to Win BBNaija’ – Ike Onyema Reveals Biggest Mistake on Reality Show

Former BBNaija star Ike Onyema says he regrets not using emotional tactics during the 2019 reality show...

U.S. visa renewal U.S. visa renewal
News9 hours ago

US Tightens Scrutiny on Nigerians Over Visa Overstays

The US Mission in Nigeria has warned that a US visa expiry date does not determine how long Nigerians can...

Tinubu To soldiers Tinubu To soldiers
News10 hours ago

BREAKING: Tinubu Announces Fresh Salary Increase for Nigerian Soldiers

President Bola Tinubu is set to announce a fresh salary increase for Nigerian soldiers...

Mrs. Didi Esther Walson Jack 1782407753 Mrs. Didi Esther Walson Jack 1782407753
News13 hours ago

FG Ends Manual Postings, Promotions as New Digital HR Platform Goes Live

The Federal Government has launched a new digital HR platform that will automate civil servants' postings, promotions, leave applications and...

UNILAG Post UTME 1 UNILAG Post UTME 1
Education13 hours ago

UNILAG Withdraws Controversial ‘Don’t Shake Hands with Men’ Advisory

The University of Lagos has withdrawn its controversial "Don't Shake Hands with Men" sexual harassment advisory after widespread backlash....

HOPv9S5XAAAy9f2 HOPv9S5XAAAy9f2
Education13 hours ago

Federal Polytechnic Oko Issues Fresh Update on Collapsed Hostel

The management of the Federal Polytechnic, Oko, Anambra State, has dismissed reports claiming that students of the institution died in...

HOLF2uOXIAAJJOZ 1 1 HOLF2uOXIAAJJOZ 1 1
Big Brother Naija13 hours ago

BBNaija 11: Tram Denies Owing ₦400m Over Viral Car Crash, Makes Fresh Revelation

BBNaija Season 11 housemate Tram has denied reports that he owes ₦400 million over his viral 2024 car crash...

BBNaija 11 BBNaija 11
Big Brother Naija20 hours ago

BBNaija Unveils ‘The Gambit’ Twist, Two Housemates to Reach Final but Lose ₦160m Prize

Big Brother Naija has introduced its first major twist of Season 11, allowing fans to select two housemates who will...

Tyla Tyla
Entertainment20 hours ago

Grammy Winner Tyla Announces ‘A*POP’ World Tour, Confirms Lagos Concert

Grammy-winning South African singer Tyla has announced that Lagos will host one of the stops on her highly anticipated 'A*POP'...

Advertisement