In a resounding call to action, Ahmed Dangiwa, the Minister of Housing and Urban Development, hailed BUA Plc’s recent price reduction of its cement products from N5,500 to N3,500. 

This commendable move, announced by BUA Cement Plc on Tuesday 3rd October 2022, has sent ripples of optimism through the construction sector.

In an official statement, Deputy Director of Information, Salisu Badamasi, titled “Housing Minister Commends Bua Cement Plc’s Decision To Reduce Cement Price To N3,500,” the minister lauded this proactive gesture, recognizing its potential to significantly alleviate the burden of housing construction costs.

Minister Dangiwa emphasized the pivotal importance of collaboration between the government and private sector entities in addressing the pressing challenges related to housing affordability.

He urged other companies to follow BUA’s lead and consider the broader social impact of their pricing decisions.

The minister underscored that the skyrocketing cost of cement has led to an alarming surge in housing prices, placing the dream of homeownership beyond the reach of the average Nigerian. 

BUA Cement Plc’s decision represents a monumental stride towards lightening the financial load carried by aspiring homeowners.

The statement issued by the minister echoed these sentiments, stating, “The escalating prices of building materials, especially cement, have placed a daunting obstacle on the path to homeownership for many Nigerians. 

BUA Cement Plc’s decision to reduce the price of cement to N3,500 is highly commendable. It reflects their understanding of the struggles faced by ordinary Nigerians and is a positive step towards making housing more affordable and attainable for all.”

In an era when affordable housing remains a pressing concern, BUA’s decisive action serves as an inspiring example of corporate responsibility and social impact. The call to action has been sounded, and the hope for more accessible housing for all Nigerians shines brightly on the horizon.