Current Price of Cement in Nigeria
Cement is one of the most popular and widely used commodities in Nigeria; almost every building, from houses to roads, is made of cement. Over the past few years, the price has continuously skyrocketed, making it difficult for the poor masses to acquire.
I can remember when my father narrated to me the cost of building our old family house; he said during that period, a bag of cement cost as little as N20. Fast forward to the current day Nigeria, where even a huge sum of N3000 can no longer afford a bag of cement, it speaks volumes of how bad things have become in this country.
In this post, we’re going to fully analyze the current price of cement in Nigeria, the factors that influence or affect these prices, the different and most popular cement countries in the country, etc. I’ll make sure we fully dissect the price of cement in Nigeria.
We’ll start this journey by first looking at the importance of cement in the Nigerian construction industry and how it affects building prices in Nigeria. So stay tuned and keep scrolling as I walk you through.
The importance of cement in the Nigerian construction industry and how it affects building prices in Nigeria
It’s no hidden fact that cement is a vital component in the building and construction industry. Cement is like a binding agent in the building; it’s a fine piece that completes most building materials.
Cements are used to make concrete for building in Nigeria; more than 90% of building construction in Nigeria requires cement. It’s crucial for the construction of roads, bridges, schools, churches, houses, and other building infrastructure.
Just take a moment and imagine all these constructions without cement. Only then will you really understand the importance of cement not only in the construction industry in particular but also in the Nigerian economy in general.
Since we’ve understood how important cement is in our society, it shouldn’t be difficult to also understand that the cost of buying cement will have a significant effect on how much it’ll cost to build our houses and other structures.
In fact, money spent on cement and other affiliated materials is so significant that you spend more money on them than on some other building materials.
Bearing all this in mind, the price of cement has a direct effect on the cost of construction. When the price of cement is low, construction becomes more affordable, and vice versa.
Our economy is also strategically impacted by the availability or unavailability of cement. The government needs to construct roads, develop more housing units, build more bridges, and build other infrastructure.
If cement is not available and affordable for these constructions, you’ll see that the speed and quality of these constructions will be severely affected, and when this happens, the growth of our economy will surely be stunted.
So you see, the price of cement is very vital, not only for us individuals who want to build but also for the economy of the country and the building and construction industry too.
Now that you’ve patiently seen how important cement is to Nigerians and the economy, we’ll now discuss the price of cement in Nigeria. So just sit tight and read.
Price of cement in Nigeria
The price of cement in Nigeria fluctuates incredibly; the price of cement changes so much that you can buy it today for a particular price, but when you return the next day, it has increased.
I remember some time ago, I went to a cement dealer in Port Harcourt, I bought 10 bags of cement and deposited some money for an additional price; I told him I’d return the next day and carry the remaining five bags;
When I returned the next day, to my surprise, the dealer told me blatantly that he was no longer selling for the initial price as the price has changed, and I was left with no option but to pay additional money.
That’s the situation with cement prices in Nigeria. The funniest thing is that there’s no uniform cement price; the amount someone in Osun will pay for a bag of cement is different from what someone in Owerri will pay.
So trying to ascertain the actual price of a 50 kg of cement can really be a herculean task. That notwithstanding, we did our research and compiled a list of the top cement brands in Nigeria and the price of cement from these brands. The list is below.
|Major Cement Brands||Retail price per 50kg||Wholesale price for 600 bags|
|Elephant Cement (WAPCO)||N3,900–N4,150||N2,412,000–N2,503,000|
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How Much Is a Bag of Cement in Nigeria?
The table above has clearly shown the average price you can get a bag of cement in Nigeria. You can get a bag of cement from about N3,950 to about N4,350 in Nigeria depending on your location, brand, etc.
You can get wholesale prices in the range of N2,412,000–N2,510,000, depending on the brand and location too. As I said earlier, the price is largely inconsistent and can change at any time.
This is because there are a lot of factors that influence the price of cement in Nigeria. In the next chapter, we’re going to look at these factors. Stay in touch.
Factors influencing cement prices in Nigeria
There are a lot of factors that influence the price of cement in Nigeria; if these factors are put in place, then I can assure you that the current skyrocketing price of cement in Nigeria will drastically reduce.
Some of these factors include:
1. Fuel Price:
We all know that the price of buying fuel in Nigeria keeps going up. Fuel is used to power kilns used in the production of cement.
Once the price of fuel increases, producers add money to the manufacturing of cement, and consumers are left with no option but to pay for the brunt of the fuel price increment.
2. Epileptic Power Supply:
When it comes to large-scale industrial production, power is power. Unfortunately, a steady power supply is one thing that Nigeria has lacked for years. Little or no power supply simply means most heavy-duty machines use In the production and distribution of cement, we will have to seek alternative means. This means it tends to be more expensive and will naturally have adverse effects on the price of cement in Nigeria.
3. Constant Fluctuation of the Naira:
It’s actually difficult to tell between the naira and cement price which fluctuates more. This is because the naira’s constant fluctuations against foreign currencies directly affect cement prices; a weaker naira means cement becomes more expensive.
4. High Cost of Maintenance:
Because the daily running of cement manufacturing and distribution processes can be really hectic and because cement industries deal with heavy-duty machines, the cost of maintenance for these machines and facilities is really high. To meet up with the cost of maintenance, manufacturers tend to increase cement prices periodically.
Nigeria is a major importer of cement. You’ll never run short of paying taxes and import duties with importations. If import duties used to clear cement in the port are high, manufacturers will decide to increase the price so as to maximize profit.
We’ve given you some factors that affect the price of cement in Nigeria. Let me list the types of cement used in Nigeria.
Cement is used in Nigeria.
The following are lists of cement used in Nigeria for various construction needs.
- White Cement
2. Ordinary Portland Cement (OPC)
3. Rapid Hardening
4. Portland Pozzolana Cement (PPC)
5. Coloured Cement
6. Blast Furnace Slag Cement
7. High Alumina Cement
8. Low Heat Cement
Some popular power players in the cement industry include
3. Ibeto Cement
4. BUA Cement
5. Eagle Cement
6. Elephant Cement
Frequently Asked Questions on Cement Prices in Nigeria
1. What impact do government regulations have on the price of cement in Nigeria?
Government regulations can have a significant impact on the price of cement in Nigeria. This is simple: when the government demands taxes, subsidies, and tariffs, it tends to influence manufacturers to either increase or decrease the price of cement depending on the effects of the regulations. If the government also decides to favor local industries by reducing importation, it can also have an impact on the price of cement in Nigeria.
2. How does the demand for cement affect its price in Nigeria?
Well, I think demand also affects the prices of goods in general; it’s pure economics. For instance, during the dry season, when people tend to focus more on construction, the demand for cement is always high; when this happens, manufacturers tend to increase prices to meet this demand; when the rainy season kicks in, construction tends to reduce; manufacturers also reduce prices since demand is low. These are ways demand for cement can affect its price in Nigeria.
To conclude this post, cement is not only important for the construction of roads and buildings; it’s equally important for the economy as a whole. We talked about the price and importance of cement. We also discussed factors that influence the prices.
Understanding the importance of cement in our economy and construction can help us make informed decisions whenever we want to take on a construction project. I hope this article satisfied your curiosity.
We strive to present you with the most accurate price information from these brands, however, if you notice any discrepancy, please let us know by leaving a comment.
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