he price of cement in Nigeria has continued its upward climb in November, crossing the ₦10,000 mark per 50kg bag across major cities, with analysts warning that prices may rise further in the coming weeks due to persistent economic and logistical pressures.
Current market data show that retail prices vary by brand, region, and delivery costs but generally fall within the following range:
Dangote Cement: ₦10,200 – ₦10,400 per bag
BUA Cement: ₦10,100 – ₦10,300 per bag
Lafarge Cement: ₦10,400 – ₦10,600 per bag
These figures reflect prices in key urban centres such as Lagos, Abuja, and Port Harcourt, though rates are often slightly higher in remote or northern areas due to transportation costs and supply limitations.
Industry experts say the sustained increase is being driven by rising production expenses, currency depreciation, and logistics bottlenecks that continue to pressure Nigeria’s construction material market.
Rising Costs and Supply Pressures
Fuel and diesel price increases have had a significant impact on the movement of raw materials and finished cement, leading to higher distribution costs nationwide. The weak naira has also raised the cost of imported machinery, spare parts, and production materials, adding further strain on manufacturers.
Additionally, poor road infrastructure in some regions contributes to higher delivery costs, which are ultimately passed on to consumers and construction firms.
Demand Remains Strong
Despite soaring prices, the construction and real estate sectors remain vibrant, with demand buoyed by major infrastructure projects — including the Lagos-Calabar coastal highway, ongoing road works, and private housing developments.
This sustained demand gives manufacturers like Dangote, BUA, and Lafarge greater pricing power, reducing the likelihood of discounts or downward adjustments in the short term.
Industry Capacity and Regional Variations
Although Nigeria’s cement giants continue to expand capacity, temporary supply-chain challenges and regional bottlenecks have limited how much new output reaches the market. Prices are typically lowest in Lagos and Ogun States, where factories and depots are located, but increase in inland and northern regions where transport costs are higher.
Analysts predict that, unless fuel prices ease or the naira stabilizes, cement may soon approach ₦11,000 per bag in some markets before the end of the year.
