In a strategic move to bolster President Bola Tinubu’s economic recovery agenda, Chairman of BUA Group, Abdul Samad Rabiu, announced on Thursday, May 15, that BUA and Dangote Cement have agreed to freeze the price of cement for all contractors engaged in Federal Government projects under the Renewed Hope initiative.
The announcement followed a meeting between Rabiu and President Tinubu at the Presidential Villa in Abuja, during which they also discussed BUA Foods’ efforts to help reduce food prices nationwide.
Speaking with journalists after the meeting, Rabiu revealed that the cement price freeze was the outcome of a joint agreement with Alhaji Aliko Dangote, Chairman of Dangote Cement. The initiative is designed to help control rising construction costs and ensure affordability across key infrastructure projects.
“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.”
