Cement Prices Rise Again Across Nigeria This Week

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Cement buyers across Nigeria are once more adjusting to higher prices, as the cost of a standard 50kg bag has increased in many markets nationwide. The latest market checks show that a bag which sold for about ₦10,500 last week is now commonly priced at around ₦11,000.

Current Prices of Major Cement Brands

Leading producers such as Dangote Cement, BUA Cement, and Mangal Cement are all trading within the same price range, with retailers across several states quoting an average of ₦11,000 per bag.

This upward movement reflects ongoing economic challenges that continue to weigh heavily on the construction sector and industries that depend on cement for daily operations.

What Is Driving the Price Increase?

A combination of structural and economic factors is responsible for the recent spike in cement prices.

Rising Manufacturing Expenses
Cement production is energy-intensive, relying largely on fuel and electricity. Increases in the cost of diesel, petrol, gas, and power supply have significantly raised operating expenses for manufacturers, which are eventually transferred to consumers.

Impact of the Exchange Rate
Some raw materials and spare parts used in cement manufacturing are imported. As the naira weakens against foreign currencies, import costs rise, pushing up the final market price of cement.

Higher Transportation Costs
From factory gates to retail markets, cement transportation depends on trucking and logistics. The rising cost of fuel, vehicle maintenance, and logistics services continues to inflate retail prices.

Sustained Demand From Construction Projects
Ongoing public infrastructure works and increased private construction activity have kept demand for cement strong. When demand exceeds available supply, price adjustments often follow.

Disruptions Within the Supply Chain
Occasional delays at ports, shortages of raw materials, or logistical challenges can limit supply in the short term, further influencing market prices.

Effect on Builders and Homeowners

While the ₦500 increase per bag may appear small, the cumulative impact is significant for developers, contractors, and households undertaking building projects. When dozens or even hundreds of bags are required, the added cost can strain budgets, disrupt project timelines, and reduce profit margins.

TAGS: cement