- Price Of Bag Of Dangote, BUA, Other Top Cement This Week
- NABMON calls for increased local production to stabilize costs.
- Industry urges FG to allow imports and support new manufacturers.
As of January 31, 2025, the price of cement in Nigeria has surged to approximately ₦10,000 per 50kg bag, sparking concerns among industry stakeholders over its impact on the construction sector.
EDITOR’S PICKS
- 45% of Nigerian Girls Become Mothers Before 18 — World Bank
- ECOWAS Faces Historic Defection as Three West African Nations Withdraw
- Netanyahu to Meet Trump at White House Next Week
EKO HOT BLOG reports that the National Association of Block Moulders of Nigeria (NABMON) has expressed deep concern over the escalating cost, warning that the current price level poses a serious challenge to builders and developers.
NABMON’s National President, Adesegun Banjoko, noted that purchasing 100 bags of cement now costs ₦1 million, making it increasingly difficult for businesses in the construction industry to operate efficiently.
Banjoko emphasized the urgent need for increased local production to foster competition and stabilize prices. He urged the government to implement policies that would encourage the establishment of more cement manufacturing plants to enhance supply and reduce the financial burden on builders.
Industry experts believe that introducing more manufacturers into the market would stimulate competition and potentially bring down cement prices, making construction more affordable for both private and public projects.
Challenges Facing the Cement Industry
Despite Nigeria’s status as Africa’s largest cement producer, with an estimated production capacity of 65.6 million tonnes per annum, the industry continues to face significant challenges. Low capacity utilization—currently estimated at around 50%—along with high production costs and power supply issues, has contributed to the soaring prices in the market.
In response to the rising cost of cement, industry stakeholders have proposed short-term importation of quality cement to balance supply and demand. Additionally, they are advocating for government incentives that would encourage the establishment of more manufacturing plants to meet the growing demand both within Nigeria and in neighboring countries.
The continued rise in cement prices poses a major threat to the construction industry and the broader economy, affecting housing projects, infrastructure development, and business growth. Addressing these challenges requires coordinated efforts between the government and industry players to boost production, stabilize prices, and ensure the availability of affordable building materials for Nigerians.
Cement Prices This Week:
- Dangote Cement: ₦9,900 – ₦10,500
- BUA Cement: ₦8,000 – ₦11,000
- Lafarge Cement: ₦9,100 – ₦10,500
- UNICEM Cement: ₦11,500 – ₦13,500
- Ibeto Cement: ₦9,500 – ₦10,500
FURTHER READING
- [VIDEO] Commotion Rocks PDP BoT Meeting as Faction Confront Each Other
- NiDCOM Prepares for Deportation of Nigerians from U.S
- BREAKING: Sowore Pleads Not Guilty to Cybercrime Charges Filed by Police IG
Click here to watch video of the Week
