Abdulsamad Rabiu, the executive chairman/CEO of BUA Group, has said that Nigeria saves over $2 billion annually from more than 25 million metric tonnes (MT) of cement produced by local manufacturers.
Beyond the need to spur development in the building materials and infrastructure sectors, which BUA Cement cited as the reason for reducing the ex-factory price of its product, those who watch and analyse the cement market closely say there are other reasons for the company’s action.
The market
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