President Tinubu reportedly directs cement manufacturers to revert to old price

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Nigerian president, Bola Tinubu has reportedly directed all cement manufacturers in the country to revert to their old price.

Minister of Works, Dave Umahi made this known while inspecting BUA cement factory in Sokoto on Thursday, February 29, 2024.

President Tinubu had recently asked cement manufacturers not to sell a 50kg bag of the product for more than ₦7,000 anywhere in the country.

The Executive Director of BUA Group, Alhaji Kabiru, said the company has been selling a bag of the product at the rate of ₦6000 as part of their commitment to the president’s directive on the price of cement.

Responding, Umahi commended the management of BUA Cement for the move and also urged them to do better.

He said:

“On the issue of pricing I can authoritatively say that they can still do better in line with their discussion with Mr. President.”

“Mr. President insisted that they should go bag to the status quo as far this cement price is concerned for the common man.

“I want to encourage them to abide by the directive of Mr President so that we can achieve a massive housing programme and the renewed hope agenda of concrete roads by the President.”