Bua Cement, the leading cement manufacturer in Nigeria, recently announced a significant reduction in the price of its cement. Effective from October 2, 2023, the price will be reduced to ₦3,500 per bag. This reduction is aimed at spurring development in the building materials and infrastructure sectors. But that was last year… 2024 is a different ball game.
This move by BUA Group is seen as a significant development in the cement industry and has sparked a potential cement war in Nigeria.
Despite the high competition in the cement industry today in Nigeria, Bua cement remains one of the most sought-after products.
This is due to its high quality combined with affordability. The company has plants in two states namely BUA Cement Edo and BUA Cement Sokoto while it remains the second largest cement producer in West Africa alongside Dangote Cement.
However, after reviewing the prices of other cement brands in Nigeria in the past, we have decided to check the current price of BUA Cement in Nigeria as well.
About Bua Cement
Bua Cement plc is a Nigerian multinational corporation incorporated in July 2010. The company manufactures, produces, and sells cement, clinker, and other related products.
It is the largest cement producer in Africa with 12 integrated plants across 6 countries. Dangote Cement Plc formerly known as Obajana Cement Plc was founded by Aliko Dangote, who is also the chairman of the company.
The company’s current CEO is Michel Puchercos. From February 2020 to date, the company had an installed production capacity of 33 million metric tonnes per annum (mmtpa). The company has its headquarters in Lagos.
BUA Cement Plc is engaged in the production and marketing of cement under the brand name “BUA Cement”. Presently the company produces CEM II type of cement by the Nigerian Industrial Standards.
BUA Cement is ideal for all construction purposes in Nigeria. Its unique quality makes it the cement of choice for block-making, plastering, and concrete works. Its high early strength, rapid setting, and low heat of hydration are all distinct features that characterize our high-quality production process.
Bua Cement Price Reduction and Future Plans
Effective October 2, 2023, Bua Cement has reduced the price of its cement to N3,500 per bag to spur development in the building materials and infrastructure sectors. This significant price reduction is a testament to Bua Cement’s commitment to providing affordable and high-quality cement to the Nigerian market.
In addition to this price reduction, Bua Cement has also unveiled its plans regarding pricing. The company has promised further price reviews in line with their earlier pronouncements by the first quarter of 2024, after the completion of their new plants. This demonstrates Bua Cement’s proactive approach to meeting the evolving needs of the construction industry in Nigeria.
As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward. As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.
BUA Management
Licensed dealers have been urged by Bua Cement to ensure that end-users indeed benefit from the reduced prices. To enforce compliance, field sales will be closely monitored. This underscores Bua Cement’s determination to create a fair and transparent pricing structure that benefits both dealers and end-users alike.
With this bold move, Bua Cement has sparked a potential cement war in Nigeria, signaling a significant development in the cement industry.
| Bua Cement Price Reduction Details | |
|---|---|
| Current price per bag | ₦6,200 to ₦8,200 |
| Price Reviews | Further reviews planned for Q1 2024 |
Expected Price of BUA Cement in Nigeria
The current price of Bua cement is between ₦6,200 and ₦8,200.
Why BUA Cement is Amongst the Best Choice
- Products are by Nigerian industrial standards.
- Products are ideal for all construction purposes.
- It’s a suitable choice for block making, concrete works, and plastering.
- High strength, Rapid-setting, low hydration heat qualities.
- Affordability and availability of products.
The above-listed points are not more advantages to BUA cement when choosing a quality and affordable product.
Compare the Prices of Other Cement in Nigeria
- Dangote Cement Price in Nigeria (July 2024)
- Cement Price in Nigeria Today (July 2024)
- White Cement Price in Nigeria Today (July 2024)
- Grouting Cement Price in Nigeria Today (July 2024)
- Elephant Cement Price in Nigeria (July 2024)
Wrap Up
Bua cement is one of the leading products today. The ability to combine quality, affordable, and available products is a good reason for its competitiveness.
Their depot locations include Lagos, Abuja, Ilorin, Ibadan, and Sagamu.
Their distributors are located far and wide in various places all over Nigeria.
You can also become a distributor as it’s a form of lucrative and highly needed product by providing the requirements listed on their site.
With Bua Cement’s commitment to affordable pricing and its proactive approach to meeting market demands, the future of the cement industry in Nigeria looks promising.
It remains to be seen how other cement manufacturers will respond to this price reduction, but one thing is certain: Bua Cement’s move has set a new precedent for the industry and has the potential to revolutionize the construction sector in Nigeria.
Price Last Updated: February 5th, 2024
