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Latest Prices of Cement in Nigeria 17th April 2024 | Dangote, BUA, Lafarge, Elephant, Ashaka

If you’re planning to build a strong and lasting house, it’s crucial to pick the right materials. Cement, a key player in any construction, deserves special attention. In Nigeria, we know that the cost of cement has gone up due to economic issues, but it remains a crucial part of building a house.

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Every building, big or small, needs cement. So, when you’re selecting your cement, be careful. In Nigeria, the price of cement can change based on different things like supply and demand, government rules, and what’s happening globally. Let’s look at some key things you should know.

Popular Cement Companies in Nigeria

There are five well-known cement companies in Nigeria. The two most recognized are Dangote Cement PLC and Lafarge/WAPCO Cement.

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Dangote Cement, owned by Africa’s richest man, Aliko Dangote, has been around since 1992. They have a big plant in Kogi state, producing over 10 million tons of cement every year.

Lafarge Cement/WAPCO Nigeria is another major player with three large plants in Ogun state, producing at least 4.5 million tons of cement yearly.

How Much Does Cement Cost?

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As of 17th April 2024, here’s an idea of the prices for different cement brands:

Dangote Cement Price is ₦7,900 – ₦10,500 (if you buy one bag) and ₦7,000 – ₦11,300 (if you buy a lot)
Lafarge Cement price is ₦7,100 – ₦10,500 (if you buy one bag) / ₦7,000 – ₦10,440 (if you buy a lot)
BUA Cement Price is ₦7,900 – ₦10,500 (if you buy one bag) / ₦7,000 – ₦11,000 (if you buy a lot)

Brand Retail Price (per 50kg bag) Wholesale Price (per 50kg bag)
Dangote Cement ₦7,900 – ₦10,500 ₦7,000 – ₦11,300
Lafarge Cement ₦7,100 – ₦10,500 ₦7,000 – ₦10,440
BUA Cement ₦7,900 – 10,500 ₦7,000 – ₦11,000
Elephant Cement ₦7,200 – ₦10,500 ₦7,000 – ₦10,400
Ashaka Cement ₦7,900 – ₦10,500 ₦7,000 – ₦10,000

Wholesale Prices of Cement in Nigeria April 2024

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Buying in Bulk Saves Money: If you buy a lot of cement at once, you might get a better deal. As of 17th April 2024, the average price for a bag
of cement when you buy a lot is ₦8,000. But if you buy a whole trailer load, it’s ₦4,800,000. The government and cement makers agreed that the price should be around ₦7,000 to ₦8,000 per bag, depending on where you are.

Wholesale price of Cement in Nigeria

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Cement BrandsPrices

Cement Brands Prices

Dangote Cement ₦4,800,000
Lafarge Cement ₦4,240,000
BUA Cement ₦4,120,000
UNICEM cement ₦4,240,000
Ibeto Cement ₦4,240,000

Cement Prices in Different States

Prices can also vary depending on which state you’re in. Below are Cement prices by states in Nigeria. Note that these cement prices are subject to change.

State Price Range Size in KG
Abia ₦8,500 – ₦10,000 50kg
Adamawa ₦8,500 – ₦10,000 50kg
Akwa Ibom ₦8,500 – ₦10,000 50kg
Anambra ₦8,500 – ₦10,000 50kg
Bauchi ₦8,500 – ₦10,000 50kg
Bayelsa ₦8,500 – ₦10,000 50kg
Benue ₦8,500 – ₦10,000 50kg
Borno ₦8,500 – ₦10,000 50kg
Cross River ₦8,500 – ₦10,000 50kg
Delta ₦8,500 – ₦10,000 50kg
Ebonyi ₦8,500 – ₦10,000 50kg
Edo ₦8,500 – ₦10,000 50kg
Ekiti ₦8,500 – ₦10,000 50kg
Enugu ₦8,500 – ₦10,000 50kg
Gombe ₦8,500 – ₦10,000 50kg
Imo ₦8,500 – ₦10,000 50kg
Jigawa ₦8,500 – ₦10,000 50kg
Kaduna ₦8,500 – ₦10,000 50kg
Kano ₦8,500 – ₦10,000 50kg
Katsina ₦8,500 – ₦10,000 50kg
Kebbi ₦8,500 – ₦10,000 50kg
Kogi ₦8,500 – ₦10,000 50kg
Kwara ₦8,500 – ₦10,000 50kg
Lagos ₦8,500 – ₦10,000 50kg
Nasarawa ₦8,500 – ₦10,000 50kg
Niger ₦8,500 – ₦10,000 50kg
Ogun ₦8,500 – ₦10,000 50kg
Ondo ₦8,500 – ₦10,000 50kg
Osun ₦8,500 – ₦10,000 50kg
Oyo ₦8,500 – ₦10,000 50kg
Plateau ₦8,500 – ₦10,000 50kg
Rivers ₦8,500 – ₦10,000 50kg
Sokoto ₦8,500 – ₦10,000 50kg
Taraba ₦8,500 – ₦10,000 50kg
Yobe ₦8,500 – ₦10,000 50kg
Zamfara ₦8,500 – ₦10,000 50kg
Abuja ₦8,500 – ₦15,000 50kg
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Remember, these prices might change, and some sellers might add a little extra to make more money. Even though prices are going up because of economic problems, don’t go for very cheap cement. It might not be good quality.

Why Do Prices Change?

Several things can make cement prices go up or down:

  1. Supply and Demand: If more people want cement but there isn’t enough, prices go up. If there’s a
    lot of cement and not many people want it, prices might go down.
  2. Raw Materials Costs: The stuff used to make cement, like limestone and clay, can get more
    expensive. If that happens, the companies might raise prices.
  3. Transport
    ation Costs: Moving heavy cement around costs money. If it’s far from where it’s made,
    prices could be higher.
  4. Government Rules: The government can make rules that affect prices. They might put taxes on
    imported cement or make rules about how cement can be used in buildings.

Challenges for Cement Companies in Nigeria

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Cement companies in Nigeria face some tough challenges:

  1. Electricity Problems: Not having a steady supply of electricity makes it hard for companies to
    work well. Some big companies can afford to use other power sources, but smaller ones have to rely on the
    not-so-reliable power supply.
  2. Government Policies: The government tries to help local companies by stopping them from importing
    cement. But, at the same time, they make the companies pay a lot of taxes.
  3. High Distribution Costs: Getting cement from one place to another costs a lot in Nigeria. So,
    many companies choose to sell their products in specific areas instead of all over the country.

In summary, while the cost of cement keeps going up in Nigeria, it’s important not to compromise on quality just to
save a little money. The cement industry is trying its best to overcome challenges, and consumers should focus on
getting good quality materials for their construction needs.

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