Traders increases cement price in Lagos, Abuja, others

• The national authorities has been requested by gathering manufacture worth concatenation operators to intervene and code the continuous summation successful cement costs
• In April 2025, the mean retail terms for a 50 kg container of cement is betwixt N10,000 and N10,500, depending connected the marque and the region.
• The cement manufacturers blamed the terms emergence connected rising accumulation costs owed to ostentation and proscription charges

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

Operators successful the gathering manufacture worth concatenation person urged the national authorities to measurement successful and code the ongoing emergence successful cement prices successful an effort to marque location ownership much accessible.

Operators recommended that the authorities put successful infrastructure to little prices. Photo Credit: Contributor
Source: UGC

However, arsenic cement prices roseate to importantly precocious levels, the Nigerian operation industry has faced difficulties implicit the years, with an mean 50kg container of cement selling for betwixt N5,000 and N8,000 connected the unfastened marketplace betwixt December 2023 and November 2024.

Depending connected the marque and the area, the emblematic retail terms for a 50 kg container of cement arsenic of April 2025 is betwixt N10,000 and N10,500.

Particularly for 1 of the apical cement producers, the terms of cement precocious spiked to N15,000 successful the Federal Capital Territory (FCT), Abuja, Lagos, and different Nigerian cities earlier leveling retired betwixt N9,500 to N10,500 per 50 kg.

In the marketplace for gathering materials, different brands similar BUA and Lafarge Cement person somewhat varying prices.

What stakeholders propose

The cement producers ascribed the terms hike to accrued accumulation costs brought connected by ostentation and proscription expenses, arsenic good arsenic precocious labour costs, predominant interruptions successful state supplies, and costly instrumentality maintenance.

The National Association of Block Moulders of Nigeria (NABMON), which represents artifact manufacturers, has urged the Federal Government to instrumentality immediate, effectual enactment to curb the emergence successful cement prices and avert an impending gathering catastrophe.

Adesegun Banjoko, president of NABMON, bemoaned the government's ongoing inaction connected the ongoing summation successful cement prices, which has repercussions for the gathering industry, lodging delivery, and nationalist infrastructure projects.

Adesegun said,

“We are waiting for that pragmatic measurement from the authorities connected this contented of cement prices. Just arsenic we’ve seen conscious and deliberate efforts to stabilise the Naira and petroleum prices, akin involution is urgently needed successful the cement sector.”

Expressing worries implicit the development, a builder based successful Lagos, Mr Ebuka Okoro, said, “It volition beryllium perfect if the terms of cement can beryllium N5,000 per 50kg. This volition promote much investors and much radical to physique and span the immense lodging shortage successful the country.

“The accustomed complaints by the producers for hikes successful the terms are the outgo of diesel and different concern fuels, which they accidental accrued significantly, impacting accumulation costs. They besides attributed the summation to predominant disruptions successful state supplies, which person affected cement production.”

Michael Adeyemi, a cement vendor successful Lagos, bemoaned the terms hike's disastrous effects connected builders and contractors, who are uncovering it hard to power their spending.

He asserts that the precocious outgo of cement would surely person an interaction connected the purchasing powerfulness of radical and companies wishing to acquisition homes oregon instrumentality portion successful different gathering projects.

To stabilise prices and enactment the operation industry, Adeyemi stated that the authorities indispensable code the factors causing terms instability, peculiarly precocious attraction costs brought connected by producers' usage of heavy-duty instrumentality and facilities, unpredictable powerfulness supplies, and unfriendly authorities policies.

Retail prices proceed to stay astatine N10,000 and N10,500, which hinders efforts to summation the nation's lodging supplies, contempt the national authorities having precocious visited with immoderate of the producers and urged them to little costs to N7,000 and N8,000 per 50 kg.

Stakeholrs said the authorities indispensable code the factors causing terms instability. Photo Credit: Juan-Enrique
Source: Getty Images

For cement producers, the experts recommended industry-specific assistance. To little prices, they recommended that the authorities put successful infrastructure that supports manufacturers' operations, subsidise accumulation costs, and beforehand contention successful the cement industry.

A gathering contractor, Mr Obiora Alex, said,

“By subsidising accumulation costs, the authorities tin alteration cement manufacturers to trim their prices. Investing successful infrastructure tin trim proscription costs and marque it easier to get cement from factories to operation sites.”

Nigerians wantonness cement, find alternate

Legit.ng reported that owed to a fig of causes, including accrued demand and proviso chain interruptions, the terms of cement, a basal gathering material, has skyrocketed.

A caller survey by Legit.ng recovered that the mean retail terms of a 50kg container of the merchandise sells for N10,000 crossed Lagos state.

This is simply a important summation compared to October 2024, erstwhile the Financial Derivatives Company Limited reported that the mean terms of a 50kg container of cement dropped to N7,500.

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Source: Legit.ng