From Okwe Obi, Abuja
President and Chairman-in-Council of the Real Estate Developer’s Association of Nigeria (REDAN) Aliyu Wamakko has commended the Chief Executive Officer of BUA, Abdul Samad Rabiu, for slashing the cost of cement to N3,500.
Dr Wamakko who doubles as Chief Executive Officer of Jedo Investment challenged Aliko Dangote and other producers of cement business to follow suit.
“We in REDAN commend Abdul Samad Rabiu for his integrity, his tenacity and for being a fairly business person, and for that reason, we call on other gladiators in the built industry that produce building materials to follow suit, somebody like Dangote and the rest of the people producing cement and other building materials in the country.
“The benefits of reduction in cement price is a unanimous welcome development because it is going to affect so many lives of Nigerians, most times project slows down Because of cost of cement.
“So we will be able to provide affordable housing to Nigerians cost of building materials must come down. We sincerely appreciate and commend BUA for his words to President Bola Ahmed Tinubu recently.
“When you look at the deficit in housing, is because of so many parameters from banditry, floods, and natural disasters that come, it has added to the deficit of housing in the country and the only way forward is to get cheaper cement because cement is the primary product for building.
“So, we respect this decision from BUA cement and we welcome this decision Because it is going to provide employment to so many Nigerians,” he said.