Current Prices of Cement In Nigeria (2024)
Looking for current prices of cement in Nigeria? Check out this piece as it contains all the required information you need to gather.
As a result of the country’s gradual inflation, the prices of a variety of goods continue to rise and cannot be regulated. Cement, a vital building material, is one of these several things. It is, however, your responsibility as a soon-to-be homeowner to keep track of cement price trends and variations on a regular basis. What is the reason for this? Following this trend can give you an idea of how much you may expect to pay for your apartment’s construction.
Many people believe that prices are staying the same and then accuse others of duping them after spending a significant sum of money. One of the reasons you should go view things for yourself is to get an idea of how much you’d have to spend on cement bags for your apartment if you bought them normally.
In order to keep tenders and quotations current, engineers, builders, quantity surveyors, and developers have little choice but to follow the trend of cost variances.
This is due to the fact that most houses in Nigeria are constructed using a high number of cement bags from the substructure to the superstructure, which contributes a reasonable portion of the cost of construction projects nowadays.
To begin, you need to be aware that cement is made by a variety of companies. Depending on the size of the business, the specifics vary. The main cement manufacturers in Nigeria, as well as the prices of cement in Nigeria that they produce, are listed below.
Prices Of Cement In Nigeria
| Cement Company | 50kg Bag Retail Price | 600 bags Wholesale Price |
|---|---|---|
| Dangote Cement | ₦3,800 | ₦1,500,000 |
| LaFarge Cement | ₦3,700 | ₦1,400,000 |
| Ibeto Cement | ₦3,800 | ₦1,450,000 |
| Ashaka cement | ₦3,750 | ₦1,400,000 |
| Eagle Cement | ₦3,100 | ₦1,380,000 |
| BUA Cement | ₦3,200 | ₦1,200,000 |
| UNICEM Cement | ₦3,650 | ₦1,350,000 |
Top Cement Producers
Dangote Cement
Dangote Cement Plc is the largest cement firm in Sub-Saharan Africa, with a manufacturing capacity of 48.6 million tonnes per year spread over ten countries.
Dangote Cement Plc is a leading indigenous cement corporation in Sub-Saharan Africa, pushing cement sales in up to ten nations across the continent, with Aliko Dangote, a businessman, and billionaire, as its founder.
Dangote Cement is a subsidiary of Dangote Industries, which was created in 1981 as a trading company specializing in the importation of bagged cement and other commodities such as rice, sugar, flour, and salt. The Group began importing bulk cement into its Apapa and Port Harcourt terminals over time, which is then bagged for distribution.
The Group made a strategic decision in the 1990s to shift from a trading-based firm to a fully integrated manufacturing enterprise. It was at this stage that their ambitious quest to become Africa’s foremost cement producer started. To date, Dangote Cement remains the leading cement producer in Nigeria and Sub-Saharan Africa as a whole.
Lafarge Cement (Elephant Cement)
Although not as well-known as Dangote Cement, Lafarge cement is a leading cement maker in Nigeria. Lafarge is a French-Swiss firm that produces cement and sells concrete solutions, as well as quarrying coarse materials. It was created in 1833 by its former CEO, Joseph-Auguste Pavin de Lafarge, with headquarters in Paris, France.
Its parent firm, Lafarge Holcim, is best known in Nigeria as Elephant Cement, and it is the country’s second most popular cement, just behind Dangote.
With a present cement production capacity of 10.5MTPA, it has WAPCO cement factories in Ewekoro, Sagamu, and Ogun states in the southwest and Ashaka in the northeast of Nigeria. In the South-South states of Cross River and Rivers, the United Cement Company and Atlas Company, respectively.
Ibeto Cement
In 1997, the Ibeto Group entered the cement industry by importing shiploads of bagged Portland cement through Apapa ports.
Following the Federal Government’s ban on cement imports in bags and the establishment of a new policy of bulk importation and local bagging, the company was founded in 2001.
It started producing bagged cement in June 2005 at its Bagging Terminal in Bundu Ama, Port Harcourt, Rivers State.
Eastern Bucklem is a subsidiary of Ibeto cement company limited and it also imports bulk cement and bags it in its factory in Rumuolumeni, Shoreline, Rivers state. Nigeria Cement Corporation Plc (NIGERCEM), Nkalagu, Ebonyi State, is also owned by this company.
As a result of this circumstance, Ibeto Cement has been able to revive the old Nigercem factory and begin construction of a completely new dry-process facility.
