The rising price of cement in Nigeria continues to impact consumers and the construction industry significantly. Economic challenges like inflation, currency fluctuations, and high production costs have caused cement prices to climb.
Supply chain disruptions have further strained the market, as raw materials become more costly, and foreign exchange fluctuations impact the import-heavy cement production sector. Additionally, increased labor and inflationary pressures have led to further price hikes from manufacturers and wholesalers, creating challenges for individual homebuilders.
Here’s an update on the latest prices from major cement producers:
- Dangote Cement: ₦8,800 per 50kg bag (varies by location)
- BUA Cement: ₦8,500 per 50kg bag
- POP Cement (Plaster): ₦10,500 per bag
- Lafarge Cement: ₦8,500 per bag
- Abro Roofing Cement: ₦32,000 per 4-liter container
With the current trends, consumers and developers are feeling the weight of these rising costs, especially as additional hikes are predicted in the coming weeks.