Despite efforts to stabilize the price of cement in Nigeria through agreements between the federal government and cement manufacturers, the cost of a 50kg bag of cement continues to hover between ₦8,500 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.
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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.
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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 Price of Cement in Nigeria (Current Cement Prices in Nigeria)
| S/N | State | Price Range (₦) |
|---|---|---|
| FCT | Abuja (FCT) | ₦8,500 – ₦10,500 |
| 1 | Abia | ₦8,500 – ₦10,500 |
| 2 | Adamawa | ₦8,500 – ₦10,500 |
| 3 | Akwa Ibom | ₦8,500 – ₦10,500 |
| 4 | Anambra | ₦8,500 – ₦10,500 |
| 5 | Bauchi | ₦8,500 – ₦10,500 |
| 6 | Bayelsa | ₦8,500 – ₦10,500 |
| 7 | Benue | ₦8,500 – ₦10,500 |
| 8 | Borno | ₦8,400 – ₦10,500 |
| 9 | Cross River | ₦8,600 – ₦10,500 |
| 10 | Delta | ₦8,600 – ₦10,500 |
| 11 | Ebonyi | ₦8,600 – ₦10,500 |
| 12 | Edo | ₦8,600 – ₦10,500 |
| 13 | Ekiti | ₦8,500 – ₦10,500 |
| 14 | Enugu | ₦8,500 – ₦10,500 |
| 15 | Gombe | ₦8,000 – ₦10,500 |
| 16 | Imo | ₦9,000 – ₦10,500 |
| 17 | Jigawa | ₦8,500 |
| 18 | Kaduna | ₦8,500 – ₦10,500 |
| 19 | Kano | ₦8,000 |
| 20 | Katsina | ₦8,500 – ₦10,500 |
| 21 | Kebbi | ₦8,500 – ₦10,500 |
| 22 | Kogi | ₦8,500 |
| 23 | Kwara | ₦8,500 – ₦10,500 |
| 24 | Lagos | ₦9,000 – ₦11,500 |
| 25 | Nasarawa | ₦8,500 |
| 26 | Niger | ₦8,500 – ₦10,500 |
| 27 | Ogun | ₦8,500 – ₦10,500 |
| 28 | Ondo | ₦8,500 – ₦10,500 |
| 29 | Osun | ₦8,500 – ₦10,500 |
| 30 | Oyo | ₦8,500 – ₦10,500 |
| 31 | Plateau | ₦8,500 – ₦10,500 |
| 32 | Rivers | ₦9,000 – ₦10,500 |
| 33 | Sokoto | ₦8,500 |
| 34 | Taraba | ₦8,500 – ₦10,500 |
| 35 | Yobe | ₦8,500 – ₦10,500 |
| 36 | Zamfara | ₦8,500 – ₦10,500 |
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What Is the Current Price of Cement in Nigeria (2024)?
The average price of cement in Nigeria varies by brand and location. As of 2024, the cost of a 50kg bag ranges between ₦8,500 and ₦10,500, depending on the brand and city. High-demand areas and premium brands like Lafarge and UNICEM tend to have prices at the upper range, while more affordable options like Ibeto and BUA Cement are available at lower prices.
Why Are Cement Prices So High in Nigeria?
Cement prices in Nigeria are influenced by factors such as currency devaluation, high production and energy costs, and increasing demand from infrastructure projects. Additionally, import restrictions and limited raw materials have intensified the cost of cement production, pushing prices higher than in previous years.
Where Can I Buy Cement at the Best Price in Nigeria?
Major cities like Lagos, Abuja, and Port Harcourt have several retail and wholesale outlets for purchasing cement at competitive prices. For bulk purchases, buying directly from manufacturers like Dangote, BUA, and Lafarge can offer lower prices. Many builders also find cost savings in wholesale depots and regional distributor hubs outside the city centers.
What Is the Cheapest Cement Brand in Nigeria?
As of 2024, Ibeto and BUA Cement are among the most affordable cement brands in Nigeria, with prices ranging from ₦7,500 to ₦9,500 per 50kg bag. These brands are recognized for balancing affordability with quality, making them popular among small-scale builders and contractors.
Will Cement Prices in Nigeria Decrease in 2024?
There are ongoing discussions between the Nigerian government and cement manufacturers to stabilize prices, aiming to bring costs closer to the ₦7,000–₦8,000 range per 50kg bag. While some manufacturers have pledged to increase production capacity, external factors like global energy costs and currency rates may still affect long-term price trends.
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.
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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.
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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.
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