The cost of cement in Nigeria continues to rise, affecting construction projects and putting pressure on consumers nationwide. As of today, Friday, May 23, 2025, prices for a 50kg bag of cement from top manufacturers like Dangote and BUA now range between ₦8,000 and ₦11,000, depending on location and distributor.
Latest Cement Prices (May 23, 2025):
Here are the average market rates for major cement brands across the country:
- Dangote Cement: ₦9,900 – ₦10,500 per 50kg bag
- BUA Cement: ₦8,000 – ₦11,000 per 50kg bag
In specific regions like Abuja, reports show:
- Dangote Cement: ₦9,400
- BUA Cement: ₦8,300
These prices may vary slightly based on logistics, location, and supplier margins.
Why Prices Are Increasing:
Several key factors are responsible for the rising cost of cement in Nigeria:
- High inflation rates and continued naira depreciation
- Rising costs of diesel, electricity, and other energy sources used in production
- Expensive logistics and transportation challenges
- Market manipulation by middlemen and retailers
Despite recent improvements in fuel availability and exchange rate stability, cement manufacturers say their production costs remain high.
Government’s Position:
The Federal Government has urged cement producers to reduce the price of cement to at least ₦7,000 per bag, citing improved forex access and declining petrol prices. However, this directive is yet to take effect at the retail level.
Officials argue that making cement more affordable is essential to support affordable housing, public infrastructure, and economic development.
Effect on Construction Sector:
The ongoing rise in cement prices is significantly impacting Nigeria’s construction industry, especially as the dry season approaches—a period when building activity traditionally increases.
Contractors and individual builders are facing higher costs, leading to project delays, reduced scope, or budget overruns. This situation may slow down Nigeria’s already struggling housing sector.
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