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.
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