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Legit.ng writer Victor Enengedi has implicit a decade's acquisition covering Energy, MSMEs, Technology, Banking and the Economy.
Nigeria’s cement manufacture plays a important relation successful the country’s operation sector, providing indispensable materials for infrastructure development, existent property projects, and concern growth. However, the soaring outgo of cement has go a important interest for builders, developers, and adjacent mundane consumers.
Despite Nigeria's reliance connected locally sourced materials for cement accumulation and its relation arsenic an exporter to neighbouring countries, the industry's terms hikes are viewed arsenic unwarranted.
Source: UGC
This study examines the starring cement brands successful Nigeria, including Dangote Cement, BUA Cement, and Lafarge, among others, highlighting their marketplace dominance and their existent retail prices.
1. Dangote Cement Plc
Founded connected November 4, 1992, Dangote Cement Plc, a subsidiary of Dangote Industries Limited, stands arsenic Nigeria's starring cement manufacturer.
The institution holds the presumption arsenic the most invaluable publicly listed steadfast successful Nigeria, with its marketplace capitalization rising to N8.16 trillion arsenic of November 2024.
With operations successful implicit 10 African countries and office successful Lagos, Dangote Cement is renowned for its durability and quick-drying properties.
As of February 2025, a 50kg container of Dangote cement is priced betwixt N9,900 and N10,500.
2. Lafarge Africa Plc
Known colloquially arsenic 'Elephant Cement' owed to its iconic elephant logo, Lafarge Africa is simply a salient cement shaper successful Nigeria and a subordinate of the Holcim Group.
Lafarge Africa Plc recorded a profit aft taxation of N100.1 cardinal for the fiscal twelvemonth ending December 31, 2024, reflecting a 96% maturation compared to the N51.1 cardinal reported successful 2023.
Celebrated for its durability, Lafarge cement typically requires astir 24 hours to adust aft plastering, ensuring long-lasting structures.
Currently, a 50kg container of Lafarge cement sells betwixt N9,100 and N10,500, depending connected location.
3. BUA Cement Plc
A subsidiary of BUA Group, owned by Abdulsamad Rabiu, BUA Cement is esteemed for its affordability without compromising quality.
In 2024, BUA reduced its cement terms to N3,500 per 50kg bag. However, the institution was incapable to support this little price, citing interference from dealers who took vantage of the concern by reselling the merchandise astatine inflated rates.
As of February 2025, a 50kg container of BUA cement is disposable betwixt N8,000 and N11,000, contingent connected the seller and region.
4. Ibeto Cement
Established successful 1970 by Cletus Madubugwu Ibeto, Ibeto Cement is portion of the Ibeto Group.
It has garnered a estimation arsenic a cost-effective enactment that efficaciously meets operation needs.
Presently, a 50kg container of Ibeto cement costs betwixt N9,500 and N10,500.
5. United Cement Company of Nigeria Limited (UniCem)
UniCem, nether the Lafarge Group, is simply a starring cement marque successful eastbound Nigeria, suitable for some wide and structural applications. As of February 2025, a 50kg container of UniCem cement is priced betwixt N11,500 and N13,500, varying by location.
Source: UGC
As cement prices fluctuate owed to factors specified arsenic inflation, rising accumulation costs, and proviso concatenation disruptions, galore Nigerians are intimately monitoring marketplace trends.
Meanwhile, consumers are struggling with affordability challenges arsenic the outgo of cement continues to rise, impacting operation projects and homebuilding efforts crossed the country.
Speaking connected the instability of cement prices successful Nigeria, Chris Ugba, an economist, told Legit.ng that overseas speech rates person a important impact.
He said:
"As the bulk of cement earthy materials are imported, fluctuations successful speech rates straight power accumulation costs. When the section currency weakens against large currencies, the outgo of importing earthy materials rises, starring to higher accumulation expenses, which are past passed connected to consumers done accrued cement prices."Despite the crisp emergence successful cement prices, Nigerian cement manufacturers proceed to make important gross and station yearly profits.
In 2024, the 3 large cement producers listed connected the Nigerian Exchange Limited (NGX)—Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc—reported a combined gross of N677.34 billion, marking a 17.55% summation from the N576.18 cardinal recorded successful 2023.
Katsina billionaire begins cement production
Meanwhile, Legit.ng earlier reported that Dahiru Mangal, a businessman from Katsina, has successfully established a caller cement works in Moba, Kogi State, with an concern of $1.5 billion.
Initially estimated to outgo $600 million, the project's expenses surged to $1.5 cardinal owed to the depreciation of the naira.
With a projected output of astir 200 cement trucks per day, manufacture analysts expect that the installation volition make some nonstop and indirect employment opportunities.
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Source: Legit.ng
