Business
Cement Prices Surge Above N10,000 Across Nigeria
Cement prices in Nigeria rise above N10,000 per bag as Dangote, BUA, Lafarge, and Mangal cite higher production and logistics costs
Cement prices have risen above N10,000 per bag across multiple Nigerian states, affecting major brands including Dangote Cement, BUA Cement, Lafarge Africa and Mangal Cement.
Also read: Olu of Warri Confers Historic Title on Oluremi Tinubu
A market survey by Daily Trust shows prices now range from N10,500 to N11,200 depending on location, brand, and retailer.
Builders, block makers, and private consumers are facing significantly higher construction costs.
In Kwara State, cement that sold for N9,300–N9,700 in January now averages N10,500–N10,700.
In Abuja, BUA cement sells for as high as N11,200 per bag, while Dangote is listed around N10,800–N11,000.
Dealers noted that full truckloads of 900 bags can attract prices near N10,500 per bag, but this is beyond reach for small-scale buyers.
In Lagos State, prices have risen from about N9,000 in December 2025 to N10,000 in January 2026 and now to N11,500 in some areas.
Retailers attributed increases to middlemen, while dealers cited higher logistics, statutory costs, and distributor margins.
Northern states including Kano, Kaduna, and Jigawa also recorded retail prices above N10,500. Block makers are adjusting, raising nine-inch blocks from N750 to N800 in Kano.
Stakeholders warn that the rise could slow down construction projects and weaken purchasing power.
Former president of the Nigerian Institute of Builders, Kunle Awobodu, urged government engagement with manufacturers to ease production costs and improve affordability.
Also read: Olu of Warri Confers Historic Title on Oluremi Tinubu
Industry observers highlighted that weak competition and high market concentration keep cement prices high in Nigeria despite surplus production capacity. Analysts call for competition reforms rather than reopening imports.
President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.
Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.
The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.
“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.
“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”
The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.
The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.
Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.
AICL GMD Maureen Tamuno calls for stronger diaspora investment in Africa through trust, transparency, skills transfer and sustainable partnerships
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