Eric Patrick
Main cement producers, Dangote Group and BUA Group, have pledged to stabilise cement costs for all contractors engaged on tasks beneath the Federal Authorities’s Renewed Hope Agenda.
In a bid to assist reasonably priced housing and infrastructure growth, the businesses additionally introduced plans to collectively set up a N20 billion annual fund—equal to about N30 per bag of cement bought—to coach artisans within the building sector.
Chairman of BUA Group, Abdul Samad Rabiu, revealed this on Friday whereas addressing State Home correspondents after a gathering with President Bola Ahmed Tinubu on the Presidential Villa, Abuja.
Rabiu said that the initiative goals to bolster expert labour capability whereas lowering the general value of delivering key government-backed housing tasks. These embrace the Renewed Hope Cities, Renewed Hope Estates, and the Renewed Hope Social Housing Schemes.
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“We’ve determined—Alhaji Aliko Dangote of Dangote Cement approached me, and I agreed—that we should assist Mr President’s Renewed Hope Agenda,” Rabiu stated. “We’re going to freeze the worth of cement for any contractor concerned within the Renewed Hope tasks. There might be no enhance for the foreseeable future.”
He emphasised that the transfer demonstrates the non-public sector’s dedication to addressing Nigeria’s housing deficit and enhancing residents’ residing requirements.
Rabiu additionally credited Dangote for initiating the concept, including, “That’s one thing Alhaji Aliko Dangote truly proposed. I have to give him credit score. And I concurred. So, now we have agreed to go forward with it.”
The collaboration between the 2 trade giants is predicted to make a major affect on the affordability and pace of presidency housing initiatives throughout the nation.
