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Via Daily Trust

BUA Blames Middlemen for Rise in Cement Prices

Nigeria’s second biggest cement manufacturer, BUA cement has blamed the activities of middlemen for the current high cost of cement in the country.

The managing director and Chief Executive Officer, BUA Cement plc, Yusuf Binji, made the disclosure during a factory tour of the BUA cement production plant by the minister of information and communication, Lai Mohammed.

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He blames the middlemen for the hike saying that most of them in the cement industry sell their product to about 25 to 30 percent far above factory price across the country.

The BUA CEO also noted that Nigeria with about 123 kilograms per person which is less than two and a half bags, still has a very low per capital consumption of cement compared to some countries.

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