- Price Of Bag Of Dangote, BUA, Other Cement This Week
- Energy, forex, transport costs drive latest increase.
- Builders face higher project costs and tighter budgets.
The price of cement in Nigeria has risen again, deepening concerns among builders, developers and households as construction costs continue to climb.
Market checks show that a 50 kilogramme bag of cement, which sold for about ₦10,500 last week, now goes for an average of ₦11,000 in many parts of the country. Major brands, including Dangote Cement, BUA Cement and Mangal Cement, are reportedly selling within this price range across key markets.
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EKO HOT BLOG reports that industry players attribute the latest increase to a combination of economic and structural pressures affecting cement production and distribution.
One major factor is rising production costs. Cement manufacturing is energy intensive, relying heavily on diesel, gas and electricity. Increases in fuel and power prices have raised operating expenses for manufacturers, costs that are ultimately passed on to consumers.
Exchange rate volatility has also played a role. Although cement is largely produced locally, manufacturers still depend on imported machinery, spare parts and some raw materials. A weaker naira has increased the cost of these imports, contributing to higher production expenses.
Transportation and logistics costs remain another challenge. Cement must be moved from factories to markets nationwide, and higher diesel prices, vehicle maintenance costs and logistics charges have pushed up retail prices.
Demand from ongoing infrastructure projects and private construction has stayed strong, while supply chain disruptions, including delays in raw material delivery and logistical bottlenecks, have further strained supply.
While the ₦500 increase per bag may appear small, builders say its impact is significant. Large projects requiring hundreds of bags now face sharply higher budgets, affecting project timelines and profit margins. For individuals building homes, the rising cost threatens affordability and completion plans.
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