Because of the rapid changes in the price of cement in Nigeria these days, concerned Engineers, Builders, Quantity Surveyors, and Developers have no choice but to follow the trend of cost fluctuations in order to keep tenders and quotations current.
This is due to the fact that the majority of houses built in Nigeria use a large number of cement bags from the substructure to the superstructure, which contributes a reasonable quota to the cost of building projects today.
So if you are looking for the current price of cement in Nigeria, this article is for you.
Also, See; How to Start Block Industry Business In Nigeria 2021
Price of Cement [2022 Current Prices]
After you’ve gone through the checklist for purchasing cement, the next step is to decide which brand to go with based on your purchasing power or preference.
These companies have slightly different prices in various depots across the country depending on the cost of production and logistics. The price of a 50kg bag of cement in Port Harcourt is not the same as the price dealers charge in Abuja, Lagos, Benin City, or other Nigerian states.
Even so, the average retail price of a bag of cement in Nigeria today is $3,750, and the wholesale price is $2,200. (Trailer load). Please keep in mind that a trailer or truckload consists of 600 or 900 bags of cement. Check out the updated cement price list in Nigeria for the month of February 2022 below.
| Cement Brand | Retail Price (per 50kg bag) | Wholesale Price (600 bags) |
| Dangote Cement | ₦4,100 | ₦1,500,000 |
| Elephant Cement (WAPCO) | ₦3500 | ₦1,950,000 |
| Ashaka Cement | ₦3,900 | ₦1,400,00 |
| Ibeto Cement | ₦3,950 | ₦1,450,000 |
| Eagle Cement | ₦3,500 | ₦1,200,000 |
| BUA Cement | ₦3,300 | ₦1,380,000 |
| UNICEM | ₦3,850 | ₦1,350,000 |
NB; In some highly busy areas like Lagos, Akwa Ibom, Rivers etc. the prices may be higher than in other areas.
So, I may say, budget an extra ₦200 whenever you want to go and buy 50kg of cement in those areas listed above.
Top Cement Manufacturers / Producers in Nigeria
Dangote Cement Plc is a multinational company that is a leading indigenous cement company in Sub-Saharan Africa, championing cement sales in up to ten countries in the region. Its chairman is a businessman and billionaire Aliko Dangote. Obajana Cement Plc was founded in 1992 and renamed in 2010.
With an annual production capacity of 48.6 million tonnes and three cement factories in Nigeria, Senegal, and Tanzania, the company is currently the largest cement producer in Sub-Saharan Africa. Senegal, Tanzania, South Africa, Ethiopia, Gabon, Congo, Nigeria, Ivory Coast, Ghana, Togo, Cameroon, Zambia, Liberia, and other African countries benefited from the product distribution. Its headquarters are located in Lagos.
Dangote Cement has been marketed as the best cement in Nigeria, and as such, it has been widely distributed as the builders’ choice throughout the country. It is also the most expensive cement in Nigeria right now, with a presence in every building material dealer’s warehouse.
Elephant / Lafarge Cement
Lafarge is a French-Swiss company that manufactures cement as well as sells concrete solutions and quarry coarse aggregates. It was founded in 1833 by its former CEO, Joseph-Auguste Pavin de Lafarge, with headquarters in Paris, France. Its parent company is LafargeHolcim; in Nigeria, it is best known as Elephant Cement and is the country’s second most popular cement, trailing only Dangote.
It has WAPCO cement factories in Ewekoro, Sagamu, and Ogun state in the southwest of Nigeria, and Ashaka in the northeast, with a current cement production capacity of 10.5MTPA. So, too, in the South-South states of Cross River and Rivers, respectively, the United Cement Company and Atlas Company.
Ibeto Cement
Ibeto is a Nigerian cement company founded by its CEO/Chairman, Dr Cletus Madubugwu Ibeto. Following the Federal Government’s ban on packaged cement, the CEO of the company stopped importing bagged cement from Portland in 1997.
Today, Ibeto has strengthened his manufacturing plants, resulting in increased production capacity in the millions of metric tonnes per annum, extending his storage capacity to over 50,000kg per annum.
Ibeto cement has amassed a loyal customer base both in Nigeria and around the world over the years, dating back to 2005 when production began.
Ashaka Cement
This is a subsidiary of Lafarge cement, headquartered in Gombe, Northern Nigeria; the name Ashaka is derived from the location of the manufacturing plant in the north.
BUA Cement
With an annual production capacity of more than 2 million tons, BUA Cement has been marketed as the second-largest cement producer after Dangote.
The King of Strength Cement Company has manufacturing plants in the states of Edo and Sokoto. Aside from its two major products’ early strength attainment, BUA plc prides itself on being a brand with rapid setting and low heat of hydration.
BUA Group entered the cement business in 2008, shortly after receiving a license from the Federal Government of Nigeria to import cement into Nigeria.
Look at what the BUA group said as of last year;
“If you look at the price of cement today, vis-a-vis the price cement is selling in other countries, even in Africa, in terms of dollars, you would see that the price of cement in Nigeria today is probably the cheapest.
“The price we are selling today translates to less than $100 per tonne. I do not believe that you can see a $100 for cement anywhere in Africa today.
“So, the price is not expensive, it is very competitive compared to what other countries are selling but again you would not see it because it is priced in Naira.
“Also if you look at the price regime from five years ago to what we have today, you would see that the price of cement is more or less cheaper than what it was then. So I do not believe that it would be realistic to say that there will be any price reduction for now.”
He said what Nigerians should be hoping for is no further cement price increases adding that the company is working very hard to ensure it maintains the current price.
Eagle Cement
Eagle is a top cement manufacturing company in Nigeria owned by the Philippines. It began in 1995 and has since expanded internationally to become one of Nigeria’s best-selling products.
Related Search; Price of cement in Nigeria today
How much is a bag of cement in Nigeria 2022
Current price of cement in Nigeria 2022
Price of dangote cement per bag
new cement price
Cement price list in Nigeria
Cement price in Nigeria today 2022
Thank you for visiting awajis.com
cement sales call 08035126062