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Current Price of Cement in Nigeria (36 States)

Current Price of Cement in Nigeria

Despite efforts to stabilize cement prices in Nigeria through agreements between the federal government and cement manufacturers, the cost of a 50kg bag of cement continues to hover between ₦7,000 and ₦10,500 in retail markets. This price range starkly contrasts with the ₦7,000 to ₦8,000 target agreed upon, underscoring persistent challenges in making construction materials affordable for Nigerians.

The recent spike in cement prices places Nigeria in a higher bracket than other African countries despite the presence of major cement brands such as Dangote, Lafarge, Ibeto, BUA, and UNICEM, which dominate the market.

These brands, known for their quality and wide distribution network, sell cement bags at almost uniform rates across the country. Notably, Ibeto and BUA Cement are positioned as the more budget-friendly options in the Nigerian cement market. In contrast, Dangote Cement occupies a mid-range price point, whereas UNICEM and Lafarge Cement are priced at the higher end of the spectrum.

Also See: Top 10 Most Lucrative Businesses in Nigeria in 2024

While wholesale purchases, equivalent to a trailer load, offer some cost-saving advantages, the retail prices remain significantly high for the average Nigerian consumer or small-scale builder.

Current Cement Prices in Nigeria

S/NStatePrice Range (₦)
FCTAbuja (FCT)₦7,500 – ₦10,500
1Abia₦7,500 – ₦10,500
2Adamawa₦7,500 – ₦10,500
3Akwa Ibom₦7,500 – ₦10,500
4Anambra₦7,500 – ₦10,500
5Bauchi₦7,000 – ₦10,500
6Bayelsa₦7,000 – ₦10,500
7Benue₦7,000 – ₦10,500
8Borno₦7,000 – ₦10,500
9Cross River₦7,000 – ₦10,500
10Delta₦7,000 – ₦10,500
11Ebonyi₦7,000 – ₦10,500
12Edo₦7,000 – ₦10,500
13Ekiti₦7,000 – ₦10,500
14Enugu₦8,000 – ₦10,500
15Gombe₦7,000 – ₦10,500
16Imo₦7,000 – ₦10,500
17Jigawa₦7,000 – ₦10,500
18Kaduna₦7,000 – ₦10,500
19Kano₦7,000 – ₦10,500
20Katsina₦7,000 – ₦10,500
21Kebbi₦7,000 – ₦10,500
22Kogi₦7,000 – ₦10,500
23Kwara₦7,000 – ₦10,500
24Lagos₦8,500 – ₦10,500
25Nasarawa₦7,000 – ₦10,500
26Niger₦7,000 – ₦10,500
27Ogun₦7,000 – ₦10,500
28Ondo₦7,000 – ₦10,500
29Osun₦7,000 – ₦10,500
30Oyo₦7,000 – ₦10,500
31Plateau₦7,000 – ₦10,500
32Rivers₦7,500 – ₦10,500
33Sokoto₦7,000 – ₦10,500
34Taraba₦7,000 – ₦10,500
35Yobe₦7,000 – ₦10,500
36Zamfara₦7,000 – ₦10,500

Understanding the Factors Influencing Cement Prices

The variation in cement prices across Nigeria is influenced by several factors, including transportation costs, local demand, and regional economic conditions. Additionally, the fluctuating exchange rate and the cost of raw materials contribute to the instability of cement prices.

Transportation Costs

Transportation plays a significant role in the final retail price of cement. States that are farther from cement manufacturing plants tend to have higher prices due to increased logistics costs.

Local Demand

Areas with high construction activity experience higher cement prices due to increased demand. Conversely, states with lower construction activity may have slightly lower prices.

Economic Conditions

Economic factors such as inflation, government policies, and import duties also affect cement prices. The recent economic downturn has led to increased production costs, which are passed on to consumers.

Conclusion

Cement prices in Nigeria remain high despite government efforts to regulate the market. The cost variations across different states highlight the challenges in stabilizing prices. Consumers and small-scale builders must navigate these price fluctuations, while major brands like Dangote, Lafarge, Ibeto, BUA, and UNICEM continue to dominate the market. Understanding the factors influencing these prices can help buyers make more informed decisions when purchasing cement.

For the latest updates and detailed price comparisons, visit aqila.ng, your go-to source for comprehensive shopping and price guides.

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