Tinubu Orders Cement Companies, Including Dangote and BUA, to Return to Previous Prices After Hike

In recent developments, the Minister of Works, Dave Umahi, has revealed a significant move by President Bola Tinubu to address the concerns arising from the recent hike in cement prices. This directive is poised to reshape the cement market, influencing major players like Dangote, BUA, and others. Let’s delve into the details of this pivotal moment and its potential impact.

President Tinubu’s intervention is a game-changer. Here, we delve into the specifics of how he communicated with cement companies, urging them to revert to previous price levels. This section provides insights into the discussions and decisions that led to this directive.

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Minister Umahi’s confirmation of President Tinubu’s directive comes after an on-site inspection of the BUA cement factory in Sokoto. We’ll explore Umahi’s statements regarding the industry’s capacity to do better and how it aligns with the President’s vision for affordable housing.

Umahi’s words of encouragement and the significance of adhering to the President’s directive are crucial points. This section emphasizes the importance of industry cooperation in achieving national development goals.

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Umahi’s revelation about the federal government’s ambitious 372 kilometres of road, a dual carriageway from Zaria to Sokoto State, is a key focus. We’ll delve into the details of this infrastructure project and its implications for the cement industry.

Umahi’s commendation of BUA Cement’s commitment and product quality is a testament to the industry’s potential. This section highlights the positive aspects of cement production and its alignment with the government’s objectives.

Senator Aminu Tambuwal emphasizes the importance of collaboration between the government and BUA Cement. This partnership is seen as a vital support mechanism for the Federal Government’s initiative to provide affordable housing, addressing the housing gap in the country.

Source: Vanguard News

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