Update On Dangote/BUA Cement Price Reduction Today 20th February 2024
Tuesday, 20 February 2024
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In a groundbreaking development, producers of cement, namely Dangote and BUA, have made a strategic decision to implement a considerable reduction in prices. This heralds a new era for the construction industry in Nigeria. With immediate effect, consumers can now expect a more budget-friendly range, as the cost of cement has been adjusted to a bracket of N7,000 to N8,000 per 50kg bag. The pricing structure will, naturally, exhibit variations based on the geographical location within the country.
This price adjustment holds significant implications for builders, contractors, and individual consumers alike. Beyond the immediate financial relief, this move is poised to stimulate increased construction activities and play a pivotal role in advancing infrastructure development nationwide. The reduced cement costs aim to empower builders and homeowners, facilitating both residential and commercial construction projects.
This strategic decision by Dangote and BUA reflects a proactive approach to addressing market dynamics and fostering sustained growth within the construction sector. As Nigeria navigates economic challenges, the lowered cement prices are anticipated to act as a positive catalyst for overall industry resurgence. CONTINUE READING......
As stakeholders across the construction spectrum welcome this price reduction, it marks a noteworthy step towards cultivating a more resilient and dynamic construction sector in Nigeria. Stay tuned for further developments as this adjustment takes effect, influencing the trajectory of construction activities in the country.
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I think they should also allow IBETO cement to be in the market too. We're not running a capitalist economy in this country.
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