Cement Price Holds Steady For Tinubu's Visionary Blueprint
BUA Chair, Rabiu Discloses Agreement Details with Tinubu and Dangote Concerning Cement Costs
In the spirit of camaraderie, cement manufacturers in Nigeria agree to keep cement prices steady for projects under the charm of Tinubu's Renewed Hope campaign.
Our sources dug up that this movement is designed to back President Bola Tinubu's vision for national progress.
Abdul Samad Rabiu, the head honcho at BUA Group, spilled the beans about this plan after huddling with President Tinubu at the State House in Abuja on a Thursday. He disclosed that the decision to lock in cement prices was a collective effort by cement makers in the nation, with the aim to boost the president's ambitious development plans.
He said, "Alhaji Aliko Dangote, the boss man at Dangote Cement, gave me a heads-up to put our all into supporting Mr. President's Renewed Hope initiative. We've made up our minds to maintain the cost of cement at the same level for any contractor that's engaged in Renewed Hope projects. Let me put it this way - any outfits involved in projects backed by the Renewed Hope, don't expect cement prices to shoot up for a while. We're doing this to cheer on Mr. Tinubu's vision.
"Now, this ol' boy Dangote pitched the idea, and I, well... I agree with him, so he's got my backing. We've agreed to send a letter to the ministry next week with all the details. I gotta give mad props to ol' Engineer Umahi for championing the effort to ensure all the roads are solid concrete. Concrete roads last longer, they cost more upfront, but it's cheaper over the long haul compared even to bitumen roadways."
Enough said, it's game on! Cement prices are stalled, and the road to renewal just got smoother!
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Insights
- Cooperation Amongst the Leaders: The cement price freeze agreement between Abdul Samad Rabiu, Chairman of BUA Group, and Alhaji Aliko Dangote, Chairman of Dangote Cement, highlights the importance of collaboration between key industry players in supporting national development initiatives, notably, President Bola Tinubu's renewed hope agenda.
- Economic and Infrastructural Benefits: The decision to maintain cement prices at a steady level aims to provide an economic advantage by reducing cost escalations for critical infrastructural projects. This strategic move may lead to a more stable and predictable financial landscape for contractors, potentially speeding up project completion times.
- Renewed Focus on Training: The initiative also includes financing for the Cement Technology Institute of Nigeria (CTIN), enabling the institution to invest in training artisans within the construction sector. Enhanced industry knowledge and skills can contribute to higher-quality construction projects and more efficient workforce capacity.
- The harmonious collaboration between Nigerian cement manufacturers, cement prices are being kept steady to support President Tinubu's Renewed Hope development plans.
- BUA Group's chairman, Abdul Samad Rabiu, revealed that this price stability initiative was collectively decided by all cement manufacturers in the country.
- Alhaji Aliko Dangote, head of Dangote Cement, informed Rabiu about their commitment to maintaining stable cement prices for projects tied to Tinubu's Renewed Hope initiative.
- Cement prices will reportedly remain constant for any contractor or business involved in endeavors connected to Tinubu's Renewed Hope campaign.
- The unwavering stance on cement prices is purposed to bolster support for President Tinubu's ambitions for national progress, as concrete roadways may offer long-term cost savings.
- In addition to the cement price agreement, efforts are underway to provide financing for the Cement Technology Institute of Nigeria (CTIN), enhancing training for construction sector artisans and leading to increased efficiencies.
