Cement prices in Nigeria have fluctuated as of February 2025 because of a number of economic issues, such as market dynamics, fuel subsidy reduction, and currency devaluation.
Both the construction sector and consumers across the country have been greatly influenced by these changes.
Dangote Cement
The price of a 50kg bag of Dangote Cement, a well-known brand in Nigeria, varies by area and ranges from ₦9,000 to ₦9,500. Prices range from about ₦9,600 per bag in Lagos to about ₦9,400 per bag in Abuja.
BUA Cement
The pricing of BUA Cement has also changed. The company’s initial goal was to lower prices to ₦3,500 per bag by the end of 2023.
However, the inflation of prices by middlemen and more general economic difficulties weakened this attempt. BUA Cement is presently sold for between ₦8,000 and ₦8,500 every 50kg bag, with rates in Lagos being ₦8,000 and Abuja being ₦8,300.
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Cement Lafarge
Products from Lafarge Cement range in price from:
Lafarge Classic Cement: around 9,500 naira per bag.
The price per bag of Elephant Supaset Portland Limestone Cement is approximately ₦10,000.
The cost of each bag of Lafarge Water Shield Waterproof Cement is approximately ₦10,500.
Elements That Affect the Cost of Cement
Nigerian cement prices are currently influenced by a number of factors:
Economic Policies: The withdrawal of fuel subsidies and the devaluation of the Naira have raised the cost of production and transportation, which has raised the price of cement.
Dynamics of the supply chain: Manufacturers’ attempts to make cement reasonably priced have been thwarted by middlemen and dealers who have been known to hike prices.
Regional Differences: The cost of transportation and the proximity to industrial facilities affect prices in different areas.
