Cement prices in Nigeria remain a key concern for homeowners, developers, and businesses as the construction industry navigates fluctuating costs.
This week, the prices of popular cement brands like Dangote, BUA, and Lafarge have varied across the country, influenced by factors such as location, demand, and distribution logistics.
Current Cement Prices:
Dangote Cement
- Price Range: ₦9,000 – ₦9,400 per 50kg bag
- Dangote is highly sought after for its quality and durability. Prices tend to be lower near production plants but higher in regions requiring extensive distribution.
BUA Cement
- Price Range: ₦8,000 – ₦8,500 per 50kg bag
- Known for competitive pricing, BUA remains a popular alternative. Prices are relatively stable, with slight variations in the northern regions, where the company has a strong production base.
Lafarge Cement (Elephant Cement)
- Price Range: ₦10,000 – ₦10,500 per 50kg bag
- Lafarge is favored for its smooth finish, particularly in residential projects, and offers consistent pricing across states.
Pop Cement
- Price: ₦10,700 per 50kg bag
Factors Influencing Cement Prices:
- Production Costs: Rising diesel and gas costs have increased production expenses, driving prices higher.
- Distribution Challenges: Poor infrastructure and high transportation costs contribute to regional price disparities.
- Seasonal Demand: With the festive season approaching, demand for construction materials has surged, affecting prices.
- Forex Volatility: Challenges in sourcing raw materials like gypsum due to foreign exchange issues have further impacted pricing.
These factors continue to shape the dynamics of cement pricing across Nigeria.