Current Price of Cement in Nigeria Today | Prices Per Bag
Current Price of Cement in Nigeria Today | Prices Of Cement Per Bag In Nigeria Today. Have you been asking questions like; How much is a bag of Dangote Cement in Nigeria? How much is bag of cement in Nigeria 2023? What is the cost of 1 bag cement? Check below
The price of cement in Nigeria changes, it’s not fixed. Do you know that cement is one of the few consumer products in the country that change price very frequently despite the fact that it’s not an imported commodity. And worse, the price isn’t even the same in all parts of the country. What obtains in Kano, for example, would be different from the prices in Lagos. And that’s why you can easily get confused when trying to ascertain the current cement price in Nigeria, especially if you’re searching on the Internet.
In the Nigerian Architecture, Engineering and Construction (AEC) industry, the most popular cement produced by top cement manufacturing companies in Nigeria is the Ordinary Portland Cement and it is mostly used as a masonry adhesive or binding material in combination with fine and coarse aggregates in a given mix ratio to reduce cost of Mortar used for molding, laying of blocks, plastering of walls etc or in Concrete for casting of beams, columns, slabs, pavements, embankments, etc.
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Price of Cement in Nigeria
Having given you the checklist for buying Cement, the next thing is to decide which brand to go for based on your purchasing power or preference. Depending on cost of production and logistics, these companies have slightly different prices from one another in various depots across the country. How much a 50kg bag of cement for sale costs in Port Harcourt is not the same price dealers sell it in Abuja, Lagos, Benin City or other States in Nigeria. Even at that, the average cost of a bag of cement in Nigeria today is ₦4,200 for retail quantities and ₦3,800 for wholesale quantities (Trailer load). Note: a Trailer or Truck load consists of 600 or 900 bags of cement. Check below to see the updated price list of cements in Nigeria today.
Current prices of cement in Nigeria Currently (as of today)
| Cement Brand | Retail Price (per 50kg bag) | Wholesale Price (600 bags) |
| Dangote Cement | ₦3,900 – ₦4,200 | ₦2,350,000 – ₦2,450,000 |
| Elephant Cement (WAPCO) | ₦3,850 – ₦4,150 | ₦2,250,000 – ₦2,400,000 |
| Ashaka Cement | ₦3,900 – ₦4,100 | ₦2,300,000 – ₦2,450,000 |
| Ibeto Cement | ₦3,900 – ₦4,100 | ₦2,200,000 – ₦2,400,000 |
| Eagle Cement | ₦3,800 – ₦4,100 | ₦2,200,000 – ₦2,400,000 |
| BUA Cement | ₦3,850 – ₦4,050 | ₦2,250,000 – ₦2,400,000 |
| UNICEM | ₦3,850 – ₦4,100 | ₦2,200,000 – ₦2,400,000 |
NOTE: Just as I said earlier, the price of cement isn’t uniform in all parts of Nigeria. Most of the time, the prices in Lagos, especially the high-profile areas, are slightly higher than the prices obtainable in other parts of the country. In fact, a 50kg bag of cement in Lagos can cost as much as N200 more than the standard market price. However, you’re unlikely to get anything less than the standard market price.
So, to be on the safe side, always add about N200 to the current prices displayed on this page if you’re in Lagos or any other part of the country where the costs of goods and services are usually higher.
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How much is a bag of cement in Nigeria?
As of present, the retail price of cement in Nigeria is ₦3,600 — ₦3,900 per bag, depending on brand, location, and other factors. And the wholesale price (600 bags) is ₦2,100,000 to ₦2,350,000, depending on the manufacturer.
Why the price of cement in Nigeria fluctuates endlessly and keeps increasing
The frequent fluctuations in cement prices in the country are due to a number of worrisome factors, which are making business difficult for cement manufacturers in the country. While some of these factors can be easily controlled by the manufacturers themselves, others are totally beyond their control. Here are some of the factors responsible for the ever-increasing and unstable prices of cement in Nigeria, despite the ban on importation of cement into the country.
High maintenance costs: Because cement manufacturing involves heavy-duty machinery and huge facilities, the cost of maintenance can be very high. This makes the day-to-day running of cement manufacturing plants very expensive. And to remain profitable, manufacturers have to increase prices.
High distribution costs: When it comes to distributing and delivering goods, it’s common knowledge that cost of delivery is directly proportional to the weight of conveyed goods. This explains why manufacturers spend heavily to distribute the commodity, which is quite heavy due to its nature and composition. This explains why most manufacturers prefer to establish their plants in locations close to their target customers, and why most plants cover only proximal geographical areas.
Erratic power supply: This is an age-long problem in Nigeria that plagues every aspect of the country’s economy. So, it’s quite expectable that it will significantly affect cement production in the country, which requires heavy duty automated machinery that is powered electrically. Due to the epileptic power supply in Nigeria, cement manufacturers depend on expensive alternative sources of power, and this results in high overhead costs, and ultimately, increased product prices.
Unfriendly government policies: Over the years, the Nigerian government, through its policies, has been hostile to cement manufacturers in the country. While the ban on the importation of cement is commendable, there are other worrisome policies that make things difficult for manufacturers. These include multiple taxes and other ever-changing policies.
Other factors responsible for unstable cement prices in Nigeria include technological inadequacies on the part of the manufacturers as well as constraints in the buying power of consumers caused by the harsh state of the Nigerian economy.
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Top Cement Manufacturers / Producers in Nigeria
Here is a brief review of major cement companies in Nigeria.
1. Dangote Cement
The multinational company known as Dangote Cement Plc is a leading indigenous cement company in Sub-Saharan Africa, championing cement sales in up to 10 countries of the region with its chairman being the business man and Billionaire, Aliko Dangote . It was founded in 1992 as Obajana Cement Plc and got renamed in 2010. Presently, the company boasts of the largest cement producer in Sub-Saharan Africa with with its annual production capacity of 48.6 million tonnes, having about 3 cement factories in Nigeria, one in Senegal and another in Tanzania. The product distribution cut across markets in African countries like Senegal, Tanzania, South Africa, Ethiopia, Gabon, Congo, Nigeria, Ivory Coast, Ghana, Togo, Cameroon, Zambia, Liberia and more. Its headquarters is in Lagos.
Dangote Cement has been sold as the best Cement in Nigeria and hence, widely distributed across every nook and cranny of the country as the builders choice. It is equally the most expensive cement currently in Nigeria with presence in every building material dealers’ warehouse.
2. Elephant / Lafarge Cement
Lafarge is a French-Swiss company dealing on cement production alongside sale of Concrete solutions and quarry of coarse aggregates. Its former CEO, Joseph-Auguste Pavin de Lafarge founded it in 1833 with headquaters in Paris, France. Its parent company is LafargeHolcim, in Nigeria, it is best known as Elephant Cement and happens to be the second most popular cement across the country just after Dangote. It has WAPCO cement factory in Ewekoro, Sagamu and Ogun state in the South West and Ashaka in the North East of Nigeria with current cement production capacity of 10.5MTPA. So also the United Cement company and Atlas company in the South South states of Cross River and Rivers respectively.
3. Ibeto Cement
Ibeto is a cement company indigenous to Nigeria and founded by its CEO/Chairman, Dr. Cletus Madubugwu Ibeto. The company began operation in 1997 when the CEO stopped importation of bagged cements from PortLand following Federal Governments ban on packaged cement. Today, Ibeto has reinforced his manufacturing plants which accounts for increased production capacity that runs in millions of metric tonnes per annum, thereby stretching his storage capacity to over 50,000kg per annum.
Over the years, counting from 2005 when production started, Ibeto cement has amassed a loyal customer base both in Nigeria and the world at large.
4. Ashaka Cement
This is a subsidiary of Lafarge cement that is headquartered in Gombe, Northern Nigeria, the name Ashaka is coined from the location in the North where the manufacturing plant was sited.
5. BUA Cement
BUA Cement has severally been marketed as the second largest cement producer just after Dangote with an annual production capacity of more than 2 million tons. The King of Strength Cement has some production plants in Edo and Sokoto States. Apart from early strength attainment of its two major products, BUA plc prides itself as a brand with rapid setting and low heat of hydration.
BUA group ventured into cement business in 2008 just after receiving license from FG to import into Nigeria.
6. Eagle Cement
Eagle is one of the top cement manufacturing companies in Nigeria that is owned by the Philippine. It started as far back as 1995 and has since gone international to become one of the best selling in Nigeria.
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FAQs Regarding Price of Cement in Nigeria Today
How much is a bag of Dangote Cement in Nigeria?
Currently, the price of Dangote cement is ₦3,900 – ₦4,200 per bag (50kg), and ₦2,350,000 – ₦2,500,000 per wholesale package (600 bags). Note, however, that this price varies from location to location within the country.
How many bags of cement can build 3 bedroom flat in Nigeria?
Construction insiders say that to build a 3-bedroom house in Nigeria, about 70 bags of cement will need.
How many bags of cement do I need to lay 100 blocks?
the number of bags of cement (40 kgs.) needed to lay 100 blocks is between 4 to 6 depending on the size of your blocks.
How much is full truck of Dangote cement?
Current Prices of Dangote Cement in Nigeria this 2023
Currently, a 50kg bag of Dangote cement is valued at ₦3,570 in many major markets in Nigeria. A truckload, which consists of 600 bags, is presently sold at ₦1,500,000.1
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