Current Prices Of Cement In Nigeria (Dangote, BUA, Lafarge, April 2024)

The prices of cement in Nigeria have been volatile in recent months, causing uncertainty and alarm among buyers. Recently, cement prices nearly tripled to the point that the Federal Government intervened, although no meaningful decline in price has been observed.  The current prices of cement in Nigeria range from N8,500 to N12,000, depending on the product and region.

Nigeria relies heavily on cement for the construction sector and private building projects, which is an important driver of the country’s economic progress.

This guide aims to provide a detailed overview of the current Prices of cement In Nigeria for key brands such as Dangote, BUA, and Lafarge in April 2024.

You can also read about the Current Prices of Blocks in Nigeria

Let’s get started!

Current Market Situation (April 2024)

Dangote, BUA, and Lafarge Cement have all agreed on a new pricing template for bags of cement as a result of the federal government intervention.

When we carried out a market survey across major cities in the country, it was observed that the agreed-upon price range is not being completely represented in the market yet. 

The Prices of Dangote, BUA, Lafarge, and other cement despite the agreements with FG, cement sellers are still selling cement for between N8,500 and N11,000 in most places.

The breakdown of the price of cement is as follows:

Official Agreed Price: N7,000 – N8,000 per 50kg bag

Market Reality: Prices may vary between N8,500 – N12,000 per 50kg bag depending on location and retailer.

Current Prices Of Cement In Nigeria By Brands

Even if there isn’t a formal price discrepancy by brand within the specified range, there may still be some differences in the market price of various brands of cement prices like Dangote Cement, BUA Cement, and Lafarge Cement because of factors like shipping expenses.

Below are representation of the various Nigerian cement prices

Nigeria Cement Type	Price Range
Dangote Cement	N9,000 – N12,000 per 50kg bag
BUA Cement	N8,500 – N10,500 per 50kg bag
Lafarge Cement	N8,500 – N10,500 per 50kg bag
Ibeto Cement	N8,500 – N10,500 per 50kg bag

Wholesale Price in Nigeria (Per 50kg Bag)

You’ll save money by purchasing cement in bulk, and you could even receive a lower price if you purchase a large quantity at once.  When purchasing in bulk, a bag of cement typically costs ₦8,000. However, you will receive a far better deal if you purchase an entire trailer load. The price per bag should range from ₦7,000 to ₦8,000, contingent on the location, as agreed upon by the government and cement manufacturers.

Cement Types in Nigeria	Price Range
Dangote Cement	N7,500 – N10,000 per 50kg bag
BUA Cement	N7,000 – N9,500 per 50kg bag
Lafarge Cement	N7,500 – N9,500 per 50kg bag
Ibeto Cement	N7,000 – N9,500 per 50kg bag

Understanding the Cement Price Fluctuations In Nigeria

In Nigeria, the cost of cement has increased significantly in recent months.  The ultimate price tag can be influenced by several factors such as foreign currency rates, production costs, and distribution charges.

A bag of cement cost an astounding N15,000 in February 2024, which puts a significant burden on building projects.

To intervene, the Nigerian government met with important cement producers including Dangote, BUA, and Lafarge. A price ceiling of N7,000 to N8,000 was agreed upon for a 50 kg bag of cement

The Nigerian government is acting to control and keep an eye on the cost of cement. The long-term stability of cement pricing will depend on how well these measures work.

To acquire the best deal on cement for their building projects, buyers must be well-informed and effective negotiators.

Choosing Between Dangote and BUA

It is somehow tricky when it comes to choosing between Dangote and BUA cement, you will hear different narratives on how some get dried faster than others or how some brands are good for certain requirements.   

We have outlined the factors you may consider below when choosing between Dangote and BUA.

Price: Examine the going rates for both brands in your local market. Most of the time, Dangote cement is higher in price than BUA cement in some locations.

Availability: Look for the ones that are easily accessible to you, cement is very heavy and it is recommended that you purchase cement close to your project sites as that will reduce the cost of transportation which is usually high.

Project prerequisites: Choose a cement kind (such as Portland cement or rapid-setting cement) based on the sort of building you need.

You may decide well between Dangote and BUA cement for your project if you take these considerations into account.

Reasons For High Price Of Cement in Nigeria

A federal government team led by the Minister of Works and his counterpart in the Ministry of Industry, Trade, and Investment, Ms. Doris Uzoka-Anite, met with major cement manufacturers in Nigeria, Dangote Cement Plc, BUA Cement Plc, Lafarge Africa Plc, and the Cement Producers Association.

According to the Minister of Works Mr. Umahi, the reasons the cement manufacturers in Nigeria gave for the high cost of cement in the country are:

• High cost of gas
• High import duty on spare parts
• Bad road network
• High foreign exchange
• Smuggling of cement to neighboring nations.

FAQs- Current Prices of Cement in Nigeria (Dangote, BUA, Lafarge, April 2024)

How much is one bag of cement in Nigeria today?

Depending on the brand of /cement and your location, the current price of a 50kg bag of cement in Nigeria today is anything from N8,500 to N12,000.

What is the cost of 1 bag of cement?

The average cost of a bag of cement today is N10,000 but that will depend on the type of cement you are buying and your region.

How Much is a Bag of POP Cement Today?

POP cement price can vary depending on the brand and your region, averagely you will expect the following prices for the following products

• AZ MOULDA 40kg: N8,500
• ABS POP Cement 40kg: N8,800
• VEGALUX Paint: N4,500

How much is a full truck of cement in Nigeria?

There are 600 50kg bags of cement in a truckload of cement, and you may get a price of between N4,200 to N5,000 per 50kg bag depending on the brand and your location if you are buying a truckload, you will have to multiply the cost per bag of cement by 600 bags to get the cost of a truck load of cement.

How Much is Bua Cement in Nigeria Today?

The latest price for BUA cement in Nigeria is between N8,500 – N10,500 per 50kg bag

How much is Dangote cement today?

Dangote cement today costs between N9,000 to N12,000 depending on your region.

What is the difference between Dangote cement and Bua Cement?

We cannot categorically say which is better between Dangote Cement and Bua Cement because you will need some key indicators in other to come to such a conclusion, however, what you will consider between both brands are project requirements, prices and easy availability of the brand in your location.

Conclusion

The Nigerian cement market in April 2024 is always fluctuating. While the government has made attempts to restrict pricing, there is still a disparity between the agreed-upon range and the current prices of cement in Nigeria. 

Buyers should be aware of this disparity and use comparison shopping and bargaining strategies to get the best bargains.