Nigerian tweeps have called out Africa’s richest man, Aliko Dangote, who is also the President of the pan-African conglomerate, the Dangote Group, to emulate fellow businessman, Samad Rabiu, and reduce the price of cement to N3,500 per bag.

As a gesture of goodwill, the Management of BUA Cement, founded by Rabiu, who is also the chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, on Sunday announced the reduction of ex-factory cement price to N3,500 per bag, which he said will take effective from Monday, October 2, 2023.

In the statement that BUA Group published on its X account, the company said that the gesture was in keeping with its previous promise to reduce prices of cement upon the completion of its new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.

SaharaReporters had reported that BUA Cement didn’t stop at slashing the price of cement, it also promised that all pending, undelivered orders which had been paid for at the old prices would be reviewed downwards to N3500/bag in line with the new pricing from October 2, 2023.

BUA Slashes Cement Price To From About N5,000 To N3,500 Per Bag
Oct 01, 2023
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BUA Slashes Cement Price To From About N5,000 To N3,500 Per Bag
“Our licensed dealers are also enjoined to ensure that end-users benefit from this reduction in ex-factory prices as we will monitor field sales to ensure compliance,” he warned.

The prices of cement across Nigeria rose to N5,000 and above which tremendously increased the cost of building houses amid the current economic crunch ravaging the country with the devaluation of naira and fuel subsidy removal.

However, Nigerian tweeps called out Dangote, asking him to show that he loves Nigeria by emulating his competitor, BUA Cement and reducing the price of Dangote Cement to N3,500 per bag.

Commending BUA Cement, Temitope Ayanbisi (@AyanbisiAT), tweeted: “I wish Dangote can follow suit. Man has benefited more than anyone with Nigerian wealth.”