BUA and Dangote Agree to Freeze Cement Prices for Federal Housing Projects
In a major step forward for Nigeria’s housing sector, two of the nation’s largest cement producers BUA Group and Dangote Group have agreed to maintain fixed cement prices exclusively for contractors involved in federal government housing projects.
This price stabilization initiative is designed to directly support the federal government’s Renewed Hope housing program, which includes the development of new residential cities, estates, and affordable housing schemes across the country. The commitment comes at a time when rising construction costs have posed serious challenges to the delivery of mass housing.
The agreement was solidified during a high-level meeting at the Presidential Villa in Abuja, where BUA Chairman Abdul Samad Rabiu confirmed the fixed pricing arrangement. He also commended Aliko Dangote, President of Dangote Group, for initiating the proposal and reaffirmed both companies’ dedication to supporting national development goals.
As part of the broader collaboration, the Cement Manufacturers Association of Nigeria (CEMAN) will undergo a leadership restructure, with BUA Cement Managing Director, Engr. Yusuf Binji, taking over as chairman. The restructuring is expected to enhance coordination across the industry and ensure consistent cement supply and pricing for the government’s housing efforts.
Beyond pricing, both companies have pledged to invest ₦20 billion annually into training artisans and skilled workers in the construction sector. This fund is intended to grow local capacity, enhance technical expertise, and ensure that there is a skilled workforce ready to meet the demands of large-scale housing development.
Plans are also underway to rejuvenate the Cement Technology Institute, an institution originally created to support the industry during Nigeria’s cement import era. Under this new direction, the institute will focus on local industry advancement and workforce upskilling.
This public-private partnership marks a significant alignment between industrial leadership and national priorities. By ensuring material affordability and supporting skill development, the initiative could help close Nigeria’s housing gap and accelerate the delivery of critical infrastructure.