The cost of cement, a crucial material in Nigeria’s construction industry, has experienced notable fluctuations recently. Prices vary based on brand, location, and market dynamics.
Current Cement Prices in Nigeria:
1. Dangote Cement
- Price Range: ₦8,000 – ₦10,300 per 50kg bag
- Details: Dangote Cement is renowned for its high quality and widespread use in construction projects. Prices tend to be lower near production plants but increase in regions requiring extensive distribution.
2. BUA Cement
- Price Range: ₦8,000 – ₦8,500 per 50kg bag
- Details: BUA Cement offers competitive pricing and is a popular choice among builders. Prices remain relatively stable, with slight variations depending on proximity to production facilities.
3. Lafarge Water Shield Cement
- Price: ₦20,000 per 50kg bag
- Details: Lafarge’s Water Shield Cement is designed for enhanced durability and moisture resistance, making it suitable for damp-prone areas.
4. Waterproof Cement JK
- Price: ₦15,000 per 50kg bag
- Details: Waterproof Cement JK is specifically formulated to provide superior protection against water infiltration, making it ideal for construction in wet environments.
Cement Price Trends in Nigeria:
Over the past year, cement prices in Nigeria have risen sharply. At the start of 2024, a 50kg bag cost approximately ₦4,500. By November 2024, the price had surged to around ₦8,500, representing an increase of about 89%.
These price fluctuations continue to impact the construction industry, influencing project costs and affordability for developers and individual builders alike.
