As of April 2025, cement prices across Nigeria have surged to unprecedented levels, with a 50kg bag now averaging between ₦9,000 and ₦10,500, depending on the region and brand . This marks a significant increase from March 2024, when the average price stood at ₦8,400 .
🏷️ Current Cement Prices by Brand (April 2025)
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Dangote Cement: ₦9,500 – ₦10,000 per 50kg bag
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BUA Cement: ₦9,400 – ₦10,200 per 50kg bag
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Lafarge Cement: ₦9,300 – ₦10,000 per 50kg bag
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Other Brands: ₦9,000 – ₦10,500 per 50kg bag
Note: Prices vary based on location, retailer, and transportation costs.
📈 Factors Driving the Price Surge
Several elements contribute to the escalating cement prices:
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Exchange Rate Fluctuations: Despite the naira stabilizing around ₦1,400 per dollar, cement prices have not decreased accordingly.
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Transportation Costs: High fuel prices and logistical challenges increase distribution expenses.
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Production Costs: Rising costs of raw materials and energy impact manufacturing expenses.
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Market Demand: An uptick in construction projects boosts demand, influencing prices.
🏛️ Government’s Stance
The Federal Government, through Minister of Works David Umahi, has urged cement manufacturers to reduce prices to ₦7,000 per bag, citing the stabilized exchange rate and decreased fuel prices . However, manufacturers have yet to adjust prices, maintaining the current rates.
