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.
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.
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?
As of 27th 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
Buying in Bulk Saves Money: If you buy a lot of cement at once, you might get a better deal. As of 27th 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
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 |
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:
- 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. - 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. - Transport
ation Costs: Moving heavy cement around costs money. If it’s far from where it’s made,
prices could be higher. - 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
Cement companies in Nigeria face some tough challenges:
- 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. - 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. - 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.
