Senator Yar’Adua Hails BUA Cement over Price Reduction

•Asks firm to extend gesture to flour, oil, rice, sugar

•Urges other companies to do same

Sunday Aborisade in Abuja

The Chairman, Senate Committee on the Army who is representing Katsina Central Senatorial District in the National Assembly, Senator Abdulaziz Yar’Adua, has commended the board and management of BUA Cement Plc under the leadership of the Chairman, Abdul Samad Rabiu, for reducing the price of cement.

Yar’Adua, in a statement in Abuja, yesterday, said the firm, which is Nigeria’s second largest cement company, by its action, had identified with the socio-economic crisis currently confronting Nigerians.

The Senator said the decision by BUA to reduce the price of cement to N3,500 per bag, was highly commendable.  He urged the company to extend the gesture to other consumable products being produced by it.

Yar’Adua warned marketers and retailers to abide by the new price regime.

He also appealed to other manufacturers to emulate the worthy gesture of BUA by also slashing prices of their products to make lives much easier for Nigerians.

He said, “This commendable initiative demonstrates BUA Cement’s commitment to its corporate social responsibility and its dedication to the development of Nigeria’s building materials and infrastructure sectors.

“The reduction in the price of cement is indeed a palliative measure that will significantly ease the financial burden on the Nigerian masses.

“It will also, simultaneously drive the growth and development of our great nation.

“By making cement more affordable, BUA Cement is directly contributing to the realisation of our country’s infrastructural goals and empowering individuals and businesses within the construction industry.”

He added: “I would like to urge BUA Cement Plc to extend this laudable initiative to its food production subsidiary, which includes essential items such as flour, oil, rice, and sugar.

“Ensuring that these vital commodities are more accessible and affordable will undoubtedly have a positive impact on the lives of Nigerians and greatly contribute to the development of our country.

“I also call upon marketers and retailers to play their part by ensuring that BUA Cement’s reduced prices reach the end-users as intended.

“It is our collective responsibility to act patriotically and implement this price change in an efficient and transparent manner. By doing so, we can maximise the benefit to the Nigerian masses and reinforce the positive impact of BUA Cement’s decision.

“Furthermore, I urge other companies operating in Nigeria to emulate the example set by BUA Cement PLC and enhance their corporate social responsibility efforts.

“The private sector plays a pivotal role in our nation’s development and stands as a major beneficiary and stakeholder. It is imperative that these companies align their interests with the well-being of Nigeria and actively contribute to the betterment of our society.

“In light of this, I call on the federal government, state governments and local governments to intensify their commitment to the welfare and prosperity of their constituents.

“The prudent management of resources, combined with a genuine dedication to the needs of the people, will go a long way in bringing ease and development to every corner of our nation.

“Let us remember that the greatness of Nigeria lies within each and every one of us. Therefore, I implore every citizen to play their part, be it through responsible citizenship, active participation in community development, or supporting initiatives that promote progress. Together, we can create the Nigeria of our dreams—a nation that thrives on unity, inclusivity, and shared prosperity.