Dangote, Lafarge, BUA agree to reduce price of cement in Nigeria

The three major cement producers in the country have reached an agreement with the Federal Government to supply cement at discounted prices.

This was disclosed by Mr. Laolu Akande, the Senior Special Assistant, Media & Publicity to the Vice President during an interview with Nairametrics

Akande said this with reference to the social housing programme under the Economic Sustainability Plan (ESP), which is an intervention programme to deal with the fallout of the Covid pandemic.

Akande said that with the ESP the government wants to create 5 million solar connections all across the country and build 300,000 houses under the social housing programme.

He said, “The ESP is coordinated by the Family homes fund which is a limited liability being supervised by the Minister of Finance, while the Government is bringing the funding. They have built over 8000 of such houses in Borno state. The FG has also had discussions with the three big cement companies, Dangote, Lafarge, and BUA to supply cement at a discounted rate and they have agreed.”

He also stated that 22 state governments have committed to giving land for the implementation of the fund under the sustainability plan.