Recent market forces and government interventions have significantly reduced cement prices across Nigeria.
Current Cement Prices:
Dangote Cement: ₦7,500 – ₦8,000 per 50kg bag
BUA Cement: ₦7,500 – ₦9,000 per 50kg bag
Ibeto Cement: ₦8,500 – ₦10,000 per 50kg bag
Lafarge Cement: ₦7,950 – ₦9,500 per 50kg bag
UNICEM Cement: ₦8,000 – ₦9,000 per 50kg bag
POP Cement: ₦10,000 per bag
Factors Influencing Prices:
1. BUA Cement’s reduced ex-factory prices
2. Fluctuating demand and distribution logistics
3. Government efforts to address production costs
The Nigerian government is actively working with cement manufacturers to stabilize prices. Discussions have focused on reducing gas prices and import duties that impact production costs.
Despite government efforts, cement prices may vary in different regions. Inconsistent market enforcement has been reported, with some areas still selling cement above suggested retail prices. CONTINUE READING
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