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.”
