Friday, May 16, 2025 - In a major move to support President Bola Tinubu’s economic recovery agenda, Chairman of BUA Group, Abdul Samad Rabiu, on Thursday, May 15, announced that BUA and Dangote Cement have agreed to freeze the price of cement for all contractors working on Federal Government projects under the Renewed Hope initiative
The announcement followed a meeting between Rabiu and
President Tinubu at the Presidential Villa, Abuja, where they also discussed
BUA Foods' contributions toward reducing food prices across the country.
Speaking with journalists after the meeting, disclosed that
the cement price freeze was part of a joint agreement with Alhaji Aliko
Dangote, Chairman of Dangote Cement, aimed at curbing cost escalations on
critical infrastructure projects nationwide.
“We have
decided that we are going to freeze the price of cement for any contractor
involved in the Renewed Hope projects,” Rabiu said. “There will be no increase
for the foreseeable future. This is our contribution to support Mr. President’s
Renewed Hope Initiative.”
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