Friday, July 10, 2026

Cement Price Hike: Umahi, Tambuwal inspect BUA plant

The minister expressed President Bola Tinubu’s concern about escalating commodity prices, including cement.

• March 1, 2024
BUA cement plant (Credit: BUA)
BUA cement plant (Credit: BUA)

Works minister David Umahi and Aminu Tambuwal, chairman of the Senate Committee on Housing, inspected the newly constructed BUA Cement’s fifth plant in Sokoto on Thursday.

Mr Umahi, who was in Sokoto to inspect the reconstruction of a 372km dual road from Sokoto to Zaria in Kaduna, urged BUA cement’s management to reduce cement prices.

He emphasised the government’s commitment to stabilising the Naira’s value and assured the public that efforts were underway to address the rising costs of commodities.

The minister disclosed that President Bola Tinubu was deeply concerned with escalating commodity prices, including cement.

During a meeting with the manufacturers, he revealed that the president had directed cement companies to revert to the previous prices.

“I encourage them to comply with the president’s directive, facilitating a massive housing programme and the national agenda for concrete roads,” he stated.

Regarding the fifth plant, Umahi commended the company’s commitment and expressed confidence in the product’s quality, aligning with the government’s objectives.

In his remarks, Mr Tambuwal emphasised the importance of cement production in the housing sector, praising the collaboration between the government and BUA cement.

“I believe this partnership will greatly support the Federal Government’s initiative to provide affordable housing, addressing the significant housing gap in the country,” he said.

Mr Tambuwal congratulated BUA for its steadfastness, saying it will contribute significantly to the government’s initiative.

The BUA managing director, Yusuf Binji, assured us that the fifth plant would significantly increase daily cement production, contributing to lower market prices.

“The new plant will add 165 trucks to our daily production capacity, further driving down the product’s price in the market,” Mr Binji affirmed.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Africa

Xenophobia: Uganda repatriates 1,102 citizens from South Africa

The Ugandan embassy said, “The arrival marks the successful conclusion of phase one of the government of Uganda’s voluntary repatriation exercise.”

National Assembly Complex

NationWide

CSOs urge assessment of National Assembly’s proposed electoral college for women legislators

“The proposal is unfamiliar to many stakeholders and understandably raises concerns, but we must carefully interrogate it instead of dismissing it outright,” he said.

Hot news Home top

Ryanair passenger partly sucked out of Boeing 737 plane as window dislodges after take-off

A witness said a passenger’s head and shoulders were sticking out of the broken window, and fellow passengers managed to pull him back inside the aircraft.

Lagos

LG chairman bans indiscriminate placement of banners, posters at Badagry roundabout 

“This will also improve visibility for motorists, prevent obstruction of traffic signs and maintain the aesthetic of one of Badagry’s busiest gateway corridors,” he said.

POS machines

Economy

Digital payments power Nigeria’s $11.09 billion food service industry: Moniepoint Study

The study projected that the market would reach $19.31 billion by 2030, expanding at an annual rate of 11.73 per cent.

ASP Eno Ikoedem

States

LG Poll: Edo police impose statewide movement restriction

The police command in Edo State announced movement restriction from 12:00 midnight to 6:00 p.m. on Saturday as part of measures for the local government election.