(VIDEO) BUA boss meets Tinubu, plans to crash cement price to N3,500 – Newstrends
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(VIDEO) BUA boss meets Tinubu, plans to crash cement price to N3,500

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BUA boss meets Tinubu, plans to crash cement price to N3,500

BUA Cement Plc has revealed plans to reduce the price of cement in Nigeria from the current N5,500 to between N3,000 and N3,500.

The company’s Chairman, Abdulsamad Rabiu, disclosed this to Journalists after an audience with President Bola Tinubu at the State House, Abuja.

Rabiu said the price crash is part of his company’s contribution to supporting the efforts of the Federal Government to stabilise the prices of essential commodities.

However, this would only follow the opening of two new plants of 3 million tons operating capacity each to be commissioned at the end of the year.

Rabiu said “Let me thank his excellency Mr. President for graciously receiving me today, I came to intimate his excellency on the affairs of our cement business.

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“We have two new lines of 3 million tons each that we will be commissioning by the end of the year.

“So I explained to him that we want to support the efforts of the government in bringing down the cost of cement, by the time these lines are commissioned BUA Cement will be producing about 17 million tons per annum and with that, we intend to bring down the cost of cement from its current level of N5,000 or N5,500 per bag to maybe N3,000 to N3,500 per bag.”

He said the company could only do this because it is producing cement locally.

“Eighty per cent of the raw materials that we are using to produce cement in Nigeria are mainly limestone and gypsum and of course, energy is part of it. Of course, we have gas in Nigeria.

“So we want to support the government, we want to support their efforts in ensuring that the prices of these commodities are brought down incidentally.’’

He revealed that the two new plants to be inaugurated by Tinubu later in 2023 would increase production capacity to 17 million metric tons.

(VIDEO) BUA boss meets Tinubu, plans to crash cement price to N3,500

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Maiduguri flood: Displaced persons return home as water recedes

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Maiduguri flood: Displaced persons return home as water recedes

Many people displaced by Alau Dam flood in Maiduguri have started leaving camps for their respective homes as the water receded in many areas of the city.

The News Agency of Nigeria (NAN) reports that all those leaving camps are provided with two weeks of food ration and N10,000 each by the State Government which has embarked on distribution of cash and food items in the 32 camps across Maiduguri.

The flood disaster has affected nearly one million people, with around 200,000 displaced. Many residents have had to turn to boats for transportation due to the high water levels.

The flooding has also led to significant infrastructure damage, including the collapse of bridges and the flooding of hospitals and schools.

In his maiden briefing at the Flood Disaster Situation Room, the Borno State Commissioner for Information and Internal Security, Prof. Usman Tar, said over 30,000 households with a population of over 600,000 were registered i the camps.

Tar said that the government was committed to closing the camps within two weeks and was happy to see some people leaving after collecting their ration.

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Tar said that about 40 per cent of the camps were being attended to with the cash and food palliatives by members of the flood committee.

According to him, a Rapid Assessment Team had been established with technically qualified individuals and community leaders to go round and assess damage for government support.

“The committee will go round and check the nature of destruction on homes and determine the cash equivalent of the destruction on the basis of which the government shall provide cash support to each household.

On incidents of looting in some affected areas, Tar said that security men had been mobilised with many arrests made.

He cautioned against some reported dangerous activities like consumption of dead animals, contaminated food and drugs, adding that public enlightenment was on for arrest and prosecution of those involved in the sales and distribution of contaminated items.

“On the issue of escaped animals from the Maiduguri Zoo, a team has been dispatched to trace them with many captured.

“I am happy to tell you that the Lion in the zoo survived the flood and is being rehabilitated,” the commissioner said.

Maiduguri flood: Displaced persons return home as water recedes

(NAN)

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Ganduje not plotting to dethrone any Kano Emir – Aide

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National Chairman of the All Progressives Congress, APC, Dr Abdullahi Ganduje

Ganduje not plotting to dethrone any Kano Emir – Aide

ABUJA: Senior Special Assistant on Public Enlightenment to the National Chairman of the ruling All Progressives Congress, Chief Oliver Okpala has dispelled allegations in some quarters that his principal, Dr Abdullahi Ganduje was plotting a fresh dethronement of Emir Muhammadu Lamido Sanusi of Kano.

An online report with the headline, “Ganduje leads a fresh plot to dethrone Emir Muhammadu Sanusi” had alleged “a fresh plot” by Ganduje “to dethrone Muhammadu Sanusi as the Emir of Kano”

The report quoted “sources within the Kofar Kudu Palace, powerful individuals in Kano allegedly led by Dr Ganduje, are orchestrating the removal of the former Central Bank of Nigeria (CBN) Governor as the 16th Emir of Kano and Chairman of the Kano Council of Chiefs”

Reacting to the publication, Chief Okpala insisted that nothing could be farther from the truth about the claims, reiterating that Dr Ganduje has nothing to do with the allegation of a fresh plot to dethrone Emir Muhammadu Sanusi.

Okpala said Ganduje was no longer the Governor of Kano state, neither is he the Speaker of the state House of Assembly and could not be linked to any fresh plot or plan to dethrone or enthrone anyone as Emir of Kano.

“It should be made categorically clear that Dr Ganduje has nothing to do with the present enthronement or dethronement of Emir Muhammadu Sanusi in Kano state.

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“It should be noted that Dr Ganduje is no longer the Executive Governor of Kano state or the speaker of the Kano state House of Assembly and therefore cannot have anything to do further with the Emirship of Kano.

“It is laughable that Dr Ganduje who has left office as Governor for some years now would be accused of masterminding a fresh plot to remove or enthrone an Emir.

“According to the publication, Ganduje is not only alleged to be plotting to remove Emir Sanusi, they said he is also plotting to advise Alhaji Ado Bayero to abdicate his throne as Emir of Kano for peace to reign. This is, to say the least preposterous and absurd.

“It must be made clear that Dr Ganduje has led and governed Kano state creditably and since moved on, focusing on other more important national issues, as he leads Nigeria’s governing party, the APC.

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Yobe man murders business partner over N500,000 debt

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Yobe man murders business partner over N500,000 debt

A 24-year-old man from Yobe State has been arrested for allegedly murdering a business associate over a debt of N500,000.

Police say Yunus Isa killed Lawan Adamu, also 28, in Damaturu, the state capital, after failing to repay the money. The two men were traders dealing in engine oil and other lubricants.

Isa had reportedly borrowed the sum under false pretences, claiming it was to open a new outlet with a profit-sharing agreement. However, he is said to have used the money to fund his marriage instead.

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When Adamu repeatedly demanded the repayment of the loan, Isa allegedly lured him to a remote area on 15 September, where he fatally stabbed him.

Yobe State Police spokesperson, DSP Dungus Abdulkarim, confirmed Isa’s arrest, stating that after initial denials, Isa confessed to the crime under interrogation. He added that the swift resolution of the case underscores the police’s commitment to public safety.

Yobe man murders business partner over N500,000 debt

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