Cement in Nigeria (1).webp
The Digest:

Nigerians are expressing deep concern over a significant surge in cement prices, which have increased by 28% to 53% across the country. This increase persists despite previous commitments from manufacturers like Dangote and BUA to reduce costs, which compounds housing expenses and highlights the persistent price burden on citizens amidst ongoing government reforms.

Key Points:
  • Nigerians lament surging cement prices nationwide.
  • Prices range from N9,500 to N12,000 per 50kg bag.
  • Prices increased 28% to 53% across various locations.
  • This has worsened house rents and property costs.
  • Stakeholders blame ineffective government price control.
  • High demand, including for road construction, drives prices.
  • Calls for the government to engage manufacturers to reduce costs.
The continued rise in cement costs, exacerbated by high demand and perceived lack of price control, severely impacts the building sector and housing affordability. Urgent government engagement with manufacturers is crucial to alleviate this


Sources: Daily Post