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Cement prices, BUA Cement needs to apologize to Nigerians
A cross-section of Nigerians has expressed reservations about the inability of BUA Cement to keep to its promise of reducing the price of cement in the country.
This is coming on the heels of the statement credited to the Chairman of BUA Cement, Abdul Samad Rabiu, where he stated that cement dealers frustrated his company’s plan to sell cement at N3,500 per bag to Nigerians.
Speaking at the 8th Annual General Meeting of the company in Abuja, Rabiu said that while his company sold over a million tons of cement to dealers at N3, 500, per bag, with the intention that they would pass the benefits to end-users, the dealers sold a bag of cement to consumers at between N7000 and N8,000. According to him, BUA Cement could not stop the dealers whom he said made huge profits from the high margin because the company had no control over prices in the open market. He added that the Naira devaluation and the fuel subsidy removal also played roles in making the policy unsustainable.
However, some stakeholders faulted the position of the chairman of BUA Cement stating that he played to the gallery when he made the statement that cement would be sold at 3,500 per bag.
According to Kayode Animashaun, a major player in the cement business, he stated that cement manufacturers in the country have deliberately refused to bring down the prices of cement and instead elected to play to the gallery.
“ The recent excuse advanced by the chairman of Bua Cement is unacceptable. There is no way dealers would buy at 3,500 and sell at 8,000. It is a feeble attempt at giving a dog a bad name to hang it. We understand that gimmick they play most time. It is indeed a regime for de-marketing among the major players in the industry. The big players want to outshine each other and one of the ways they do it is to make statements in the public that are not in tune with the reality on the ground.”
“ It is a fraudulent regime and one that is laced with deceit. I can bet that Bua Cement played to the gallery and possibly gained market share. They knew they were not going to implement the proposed price regime but they saturated the media space with the falsehood that cement was going to be sold at 3,500 per bag.
This was corroborated by Ahmed Magaji, a stakeholder in the cement distribution value chain across the country. According to him, what is happening is a price war between the major players in the sector.
“ There is no way dealers would get a bag of cement for 3,500 and sell for 8,000. It is absurd. don’t forget that most of us dealers buy on credit and remit monies when we come for a new stock. Now here is the trick, do you think the manufacturer would continue to sell to us when they know that we are selling at 8,000? The position of Bua cement does not add up. They are trying to shift blame, which is very common with these businessmen.”
According to a source who works for one of the major cement companies in Nigeria, he stated that there is an ongoing price war between the major players in the sector. He further added that these players are out to maximize profit and it is common for them to push certain narratives in the public space.
“The case of BUA cement is one. They played a fast one on unsuspecting members of the general public, and they succeeded. The preference for BUA cement rose astronomically. But now, people are beginning to ask questions and the chairman had to come up with a statement blaming the cement dealers. We know how it works in this industry. BUA Cement played a fast one. But let’s see how long they can sustain it.”
In a similar vein, a cross-section of dealers interviewed thought that BUA cement owes Nigerians apologies for their inability to keep to their words with regards to cement selling for 3,500 per bag. A source who pleaded anonymity stated the position of BUA cement smacks of a mockery of the present administration.
“I had expected the management of BUA Cement to come out clean instead of shifting blame. They knew they were playing games when they made the announcement that cement was going to be sold for the amount they quoted. Now that the chicken has come home to roost they are in a tight corner and the best they could do is to shift blame to cement dealers.”
“I think the management of BUA Cement owes Nigerians apologies if they can’t achieve the 3,500 price for a bag of cement. That is the rational thing to do in this circumstance.”
It would be recalled that BUA Chairman Abdul-Samad Rabiu in 2023 promised that his company would sell a bag of cement at 3500 in 2024 after meeting President Bola Ahmed Tinubu.
Inna Lillahi wa Inna Ilaihir-Raji’un.
The Chairman and Editor-in-Chief of , Hon. Inuwa Bwala, on behalf of the management and staff, has expressed deep sorrow over the death of veteran journalist and pioneer editor of the newspaper, Abdulazeez Suleiman.
Bwala also extended condolences to Suleiman’s family, associates and the Nigerian media industry, describing his passing as a monumental loss at a time his experience, courage and service to the nation were still greatly needed.
Suleiman reportedly died shortly before a scheduled surgery.
A pioneer editor of National Trail Newspaper, Abdulazeez Suleiman was regarded as a thoroughbred journalist with a remarkable talent for breaking exclusive stories and shaping public discourse through responsible journalism.
Throughout his distinguished career, he worked with notable media organisations, including National Trail Newspaper, Daily Trust, Summit and The Road. He earned widespread admiration for fearless reporting, ethical conduct and unwavering commitment to professionalism.
His writings and public interventions consistently reflected deep concern for justice, peace, accountability and national unity.
Beyond journalism, Suleiman was widely respected as a bridge-builder who strongly believed in dialogue, mutual understanding and peaceful coexistence among Nigeria’s diverse peoples. He remained steadfast in his conviction that truth and justice are essential pillars for national progress.
Though his voice has now gone silent, the values and ideals he stood for will continue to inspire generations. His legacy as a principled journalist, advocate and patriot will endure in the hearts of many whose lives he touched through his work and humanity.
The management and staff of National Trail Newspaper prayed Almighty Allah to forgive his shortcomings, grant him Aljannatul Firdaus and comfort his family, friends, colleagues and members of the in this moment of grief.
Rest in peace, Abdulazeez Suleiman. Your service and legacy will not be forgotten.
Uncategorized
JUST IN: After Primary Election Victory, Shehu Sani Visits Parents’ Graves to Offer Prayers and Express Gratitude to God
Following his victory in the party primary election, Senator Shehu Sani visited the graves of his parents to pray and give thanks to Almighty God.
The former senator described the visit as very important to him, noting that his parents played a significant role in his upbringing and in shaping his political life.
Shehu Sani prayed for Allah to forgive his parents and all deceased Muslims, while also reaffirming his commitment to continue serving the people with honesty and integrity after securing victory in the primaries.
The gesture has attracted attention from his supporters and social media users, many of whom praised his act of remembering his parents after a political success.
Inna Lillahi wa Inna Ilaihir-Raji’un.
The Chairman and Editor-in-Chief of , Hon. Inuwa Bwala, on behalf of the management and staff, has expressed deep sorrow over the death of veteran journalist and pioneer editor of the newspaper, Abdulazeez Suleiman.
Bwala also extended condolences to Suleiman’s family, associates and the Nigerian media industry, describing his passing as a monumental loss at a time his experience, courage and service to the nation were still greatly needed.
Suleiman reportedly died shortly before a scheduled surgery.
A pioneer editor of National Trail Newspaper, Abdulazeez Suleiman was regarded as a thoroughbred journalist with a remarkable talent for breaking exclusive stories and shaping public discourse through responsible journalism.
Throughout his distinguished career, he worked with notable media organisations, including National Trail Newspaper, Daily Trust, Summit and The Road. He earned widespread admiration for fearless reporting, ethical conduct and unwavering commitment to professionalism.
His writings and public interventions consistently reflected deep concern for justice, peace, accountability and national unity.
Beyond journalism, Suleiman was widely respected as a bridge-builder who strongly believed in dialogue, mutual understanding and peaceful coexistence among Nigeria’s diverse peoples. He remained steadfast in his conviction that truth and justice are essential pillars for national progress.
Though his voice has now gone silent, the values and ideals he stood for will continue to inspire generations. His legacy as a principled journalist, advocate and patriot will endure in the hearts of many whose lives he touched through his work and humanity.
The management and staff of National Trail Newspaper prayed Almighty Allah to forgive his shortcomings, grant him Aljannatul Firdaus and comfort his family, friends, colleagues and members of the in this moment of grief.
Rest in peace, Abdulazeez Suleiman. Your service and legacy will not be forgotten.
Dr. Nafiu Sankara Emerges as Kano Central Senatorial Candidate Ahead of the Next Elections
National Trail Mourns Pioneer Editor, Abdulazeez Suleiman
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