The cost of cement in Nigeria has seen notable fluctuations in recent months, largely influenced by economic conditions, production costs, and government interventions.
These price changes impact the construction industry, affecting both large-scale developers and individual builders.
Below is an updated breakdown of the latest prices for major cement brands in Nigeria, including Dangote, BUA, Lafarge (Elephant), and others.
1. Dangote Cement
Dangote Cement, a subsidiary of Dangote Industries Limited, remains the largest cement producer in Nigeria, known for its widespread availability and quality. As of March 2025, the price of a 50kg bag of Dangote Cement ranges between ₦9,900 and ₦10,500, depending on location and retail supplier.
2. Lafarge Africa Plc (Elephant Cement)
Commonly referred to as Elephant Cement due to its distinctive branding, Lafarge Africa is a well-established name in the Nigerian cement industry. The price for a 50kg bag of Lafarge Cement currently varies between ₦9,100 and ₦10,500, influenced by regional market conditions and supply chain costs.
3. BUA Cement
BUA Cement, a major competitor in the Nigerian market, is recognized for its affordability while maintaining high quality. The 50kg bag of BUA Cement is currently priced between ₦8,000 and ₦11,000, with variations depending on the region and seller.
4. Ibeto Cement
Ibeto Cement, a product of the Ibeto Group, is known for its cost-effectiveness and growing market presence. As of March 2025, a 50kg bag of Ibeto Cement is available at prices ranging from ₦9,500 to ₦10,500.
5. United Cement Company of Nigeria Limited (UniCem)
UniCem, a brand under Lafarge, has a strong market presence, especially in eastern Nigeria. It is widely used for both residential and structural construction projects. The price of a 50kg bag of UniCem Cement currently falls between ₦11,500 and ₦13,500, with location-based variations.
Government Efforts to Regulate Cement Prices
In response to rising cement costs, the Federal Government initiated discussions with major cement manufacturers, including Dangote Cement, BUA Cement, and Lafarge Africa. These engagements aimed to address supply chain disruptions, inflationary pressures, and price manipulation within the industry.
As part of this intervention, an agreement was reached to lower cement prices from the previous range of ₦9,000–₦15,000 per 50kg bag to a more stable range of ₦7,000–₦8,000, depending on location. However, despite this agreement, significant price reductions have not been widely observed in the market.
The persistent high cost of cement has raised concerns among industry stakeholders, prompting further government scrutiny and potential regulatory measures to ensure affordability for consumers and businesses.
Cement prices in Nigeria remain volatile, influenced by production costs, transportation challenges, exchange rate fluctuations, and market demand. While government intervention aims to bring relief, actual price reductions have yet to take full effect. Consumers are advised to monitor market trends and buy from reputable suppliers to get the best deals.
