BUA Group crashes cement price by 30 per cent in Nigeria

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BUA Group, on Sunday, announced a reduction in the price of cement from N5,000 per bag to N3,500.

The development is already heightening a price war in the building materials and infrastructure industry.

The Nigerian cement market had been dominated by Dangote, BUA Group and Lafarge, respectively.


 BUA Group’s decision sent a shock wave to the building material and infrastructure industry.

The Minister of Works, Dave Umahi, had raised the alarm over the high cost of cement in Nigeria compared to other parts of the continent.

Meanwhile, more than 24 hours after the BUA price reduction announcement, its major competitor, Dangote cement, has kept mum.

the spokesperson for Dangote Group, Anthony Chiejine, on Monday, he did not say a word on the development.

It could, however, be recalled that earlier, Chiejine denied claims that circulated on social media a week ago that the price of Dangote cement price was reduced to N2,700 per bag.