Dangote and BUA have agreed to maintain current cement prices for contractors handling federal infrastructure projects, backing President Tinubu’s Renewed Hope agenda.
- Abdul Samad Rabiu announced the decision after meeting President Tinubu at the Presidential Villa.
- Both cement giants aim to support Nigeria’s economic recovery by curbing infrastructure project costs.
- The price freeze will apply to all contractors working on federal projects and will remain for the foreseeable future.
“We have decided to freeze the price of cement for any contractor involved in the Renewed Hope projects,” Rabiu said, highlighting the private sector’s role in reducing construction costs and easing national economic burdens. The move is also seen as a step towards improving access and affordability.
With this commitment, will other key industry players follow suit to support public development? Stakeholders will be watching how this impacts road, housing, and rail delivery timelines.
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