REDAN Lauds BUA Cement Over Price Reduction, Seeks Market Reflection

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

The Real Estate Developers Association of Nigeria (REDAN) has commended BUA Cement for its bold decision to reduce the price of cement from N5,200 to N3,500

The management of BUA Cement had on Sunday announced a reduction in the ex-factory price of its cement from N5,500 to N3,500, adding that the new price would commence on Monday.

Lamenting that the high cost of cement and other building materials have been a major hindrance in the housing sector, he said REDAN and cement dealers in the country anticipate quick reflection in the market price. He also conveyed his appreciation, specifically highlighting the outstanding efforts of BUA’s chief executive officer, Abdul Samad Rabiu, urging other prominent figures in the building industry to follow BUA’s commendable lead.He said, “We in REDAN commend Abdul Samad Rabiu for his integrity, tenacity, and fair business practices. For this reason, we call upon other influential stakeholders in the construction sector, producing building materials, to emulate this exemplary initiative.

On the issues of housing deficit in Nigeria, Wamakko noted that various factors, including banditry, floods, and natural disasters, have contributed to the growing shortage of housing in the country.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUA Cement speeds up earnings, slows costs to build N64bn profit at half year | TheCableNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »

Investors' demand for BUA cement, 22 others lift stock market by N213bnThe Nigerian Exchange Limited (NGX) market capitalisation on Tuesday gained N213 billion to start a new week on a positive note amid investors' demand for
Source: DailyPostNGR - 🏆 11. / 59 Read more »