“BUA Cement’s Bold Price Cut Thwarted by Greedy Dealers, Consumers Left Paying Double”

In a significant move aimed at alleviating the financial burden on consumers, BUA Cement, one of Nigeria’s leading cement manufacturers, took a bold step to slash cement prices. The company announced via its official X handle that it had sold over one million tons of cement to dealers at a highly competitive rate of N3,500 per bag. This initiative, spearheaded by BUA Cement’s Chairman, AbdulSamad Rabiu, was intended to make cement more affordable for the average Nigerian.

However, in a disappointing turn of events, the intended price reduction has been hijacked by unscrupulous dealers. Instead of passing on the savings to consumers, these dealers have reportedly been selling the same bags of cement at exorbitant prices, ranging from N7,000 to N8,000 per bag. This unethical practice has not only undermined BUA’s efforts to provide relief to consumers but has also sparked outrage among those who were hopeful for more affordable building materials.

The disparity between the wholesale and retail prices has drawn attention to the need for stricter regulation and oversight within the distribution chain to ensure that such initiatives truly benefit the end consumers. The public now eagerly awaits further actions from both BUA and regulatory bodies to address this glaring issue of price gouging and restore fairness in the market.