The price of cement in Nigeria has continued its upward climb, with a 50kg bag now averaging ₦8,800 nationwide and reaching as high as ₦10,000 in some states.
The persistent hike over the past six to eight months has raised concerns across the country, affecting both individual homebuilders and the construction industry.
Earlier this year, the House of Representatives summoned major cement manufacturers, including Dangote and BUA, to address the issue.
Lawmakers accused the companies of exploiting exchange rate volatility, corruption, abuse of power, and manipulating market dynamics to sustain high prices. 
Despite the intervention, cement prices have remained largely unchanged, leaving many Nigerians unable to afford essential building materials.
Factors Driving Cement Prices
Industry experts have identified several factors contributing to the steep cost of cement in Nigeria:
1. Exchange Rate Volatility: The naira’s depreciation against the dollar has driven up the cost of imported raw materials, impacting production costs.
2. High Transportation Costs: Poor road infrastructure and rising fuel prices have increased the expense of distributing cement across the country.
3. Limited Competition: The dominance of a few major players in the cement industry has led to concerns about monopolistic practices and price manipulation.
4. High Demand: Population growth and urbanization have sustained high demand for cement, further inflating prices.
As the high cost of cement continues to weigh on the economy, Nigerians are urging policymakers to find lasting solutions that will make housing and construction more affordable.
Here are the prices of major producers of cement this week:
Price Of Dangote Cement
The current price of Dangote cement stands at ₦8,600 per 50kg bag, depending on the location.
Price Of BUA Cement
The retail price of BUA cement in Nigeria sells for ₦8,000
Price Of POP Cement
Pop White Cement or Plaster Cement – ₦7,900
Price Of Lafarge Cement
Lafarge Waterproof Cement – ₦10,500
Water Shield High Quality Waterproof Cement – ₦12,000
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