Cost Of A Bag Of Cement In Nigeria

Over time, Nigeria’s cement bag prices have shifted significantly.
Similar to the cost of silver, cement prices in Nigeria are volatile. Cement is really one of the few consumer items in the nation whose prices change often, despite the fact that it is not an imported good. And to make matters worse, prices vary depending on where in the nation you are. For instance, prices in Lagos and Kano are not comparable.
Professionals that regularly utilize cement are affected by these unforeseen alterations, which take place without prior notice. Therefore, it’s simple to get confused while seeking to determine what the current price of cement is in Nigeria, especially if you’re browsing online.
Concerned parties are forced to follow the pattern of price fluctuations in order to keep bids and quotations up to date because of how quickly cement prices in Nigeria vary these days without warning.

Contents

Current Cost of Cement in Nigeria

Cement Company/ Firm	50kg Bag Retail Price	600 bags Wholesale Price(50kg.)
Dangote Cement	₦4,200	₦2,280,000
Lafarge Cement	₦4,000	₦2,275,000
Ibeto Cement	₦4,100	₦2,270,000
Ashaka Cement	₦4,000	₦2,265,000
BUA Cement	₦4,000	₦2,260,000
Eagle Cement	₦4,100	₦2,250,000
UNICEM	₦4,000	₦2,250,000

Dangote Cement: Aliko Dangote, a businessman and millionaire, serves as the chairman of Dangote Cement Plc, a well-known domestic cement company in Sub-Saharan Africa that promotes cement sales in up to 10 countries throughout the continent. Founded in 1992, Obajana Cement Plc underwent a brand redesign in 2010. The company, which has three cement mills in Nigeria, one in Senegal, and another in Tanzania, is now the largest cement producer in Sub-Saharan Africa with an annual output capacity of 48.6 million tonnes. The corporate headquarters of the corporation are in Lagos.
Dangote Cement has been touted as Nigeria’s best cement, and it is widely used as the builder’s choice across the country. It is also the most expensive cement currently accessible in Nigeria, and it is available in all building material dealers’ warehouses. 50 kg of Dangote cement costs between NGN ₦4,200 and NGN 4,500 (1 bag).
Lafarge Cement (Elephant): Lafarge is a French-Swiss company that runs a quarry for coarse aggregate in addition to producing cement and selling concrete products. It was founded in 1833 in Paris, France, by Joseph Auguste Pavin de Lafarge, the company’s former CEO. Elephant Cement, the second most popular cement in Nigeria after Dangote, is the brand name of its parent company, Lafarge Holcim.
With a current capacity of 10.5MTPA, it owns WAPCO cement plants in Nigeria’s Ewekoro, Sagamu, and Ogun state, Ashaka. Additionally, the South-South states of Cross River and Rivers each have a United Cement and Atlas firm.The current pricing is ₦4,000 for a 50kg bag and ₦2,275,000 for a wholesale order of 600 bags.
Ibeto Cement: Ibeto, a cement producer with headquarters in Nigeria, was founded by Dr. Cletus Madubugwu Ibeto, the company’s CEO and Chairman. After packaged cement was outlawed by the federal government, the company started operating in 1997 after the CEO stopped importing bagged cement from Portland. Ibeto has upgraded his manufacturing facilities in the present, increasing their annual production capacity to millions of metric tonnes and their storage capacity to more than 50,000 kg. Since its founding in 2005, Ibeto Cement has amassed a committed customer base in Nigeria and throughout the globe.

In June 2005, it started manufacturing bagged cement at its Bagging Terminal in Bundu Ama, Port Harcourt, Rivers State. The Terminal is a state-of-the-art bagging facility with a flat-storage capacity of 50,000 metric tons. A daily production capacity of at least 6,000 metric tons is equal to a manufacturing capacity of 1,500,000 tons annually. It has two (2) production lines with a combined capacity of 5400 50kg bags per hour, or 2700 bags per hour on each line.

600 bags will be put into nine (9) trucks per hour. It also has a fourth production line for bulk cement powder, which is put into unique cement vehicles with tanks and discharged pump, a third manufacturing line for huge bags weighing 1500 kilograms, known as the Big Bag Plant. Ibeto Cement also owns 60% of Nigeria Cement Company Plc (NIGERCEM), located in Nkalagu, Ebonyi State. This circumstance has made it possible for Ibeto Cement to get started as quickly as possible on renovating the existing Nigercem facility and constructing a new dry-process plant.Ibeto cement costs ₦4,100 (for a 50kg bag) and ₦2,270,000 (Wholesale i.e 600 bags).
BUA Cement: BUA Cement has been marketed as the second-largest cement manufacturer, just behind Dangote, with an annual output capacity of more over 2 million tons. The King of Strength Cement has various manufacturing plants in the states of Edo and Sokoto. In addition to the two primary products’ early strength development, BUA plc is renowned for its quick setting and low hydration heat.
After receiving approval from the Federal Government of Nigeria to import cement, BUA Group joined the cement industry in 2008. With three big enterprises and facilities in Northern and Southern Nigeria, as well as a floating dock that supplies specialized markets with 2 million metric tonnes of cement annually, the BUA Group has considerable cement manufacturing capabilities.

The Group’s production facilities are capable of producing several grades of cement to meet the needs of the local Nigerian market while also upholding the highest standards in the industry.Cement from BUA costs ₦4,000 each bag and ₦2,260,000 per ton (wholesale, i.e. 600 bags).
Eagle cement: Eagle, one of the top cement producers in Nigeria, is a Philippine-owned company. It started in 1995 and then went global, turning into one of Nigeria’s best-selling books.
Cement is produced and distributed by Eagle Cement Corporation. Two of the company’s products are Eagle Cement Advance and Eagle Cement Strongcem. The business produces Eagle Cement Advance, a type 1 portland (1P) blended cement comprised of reactive tuff, gypsum, and clinker. Eagle Cement Advance is sold in 40 kilogram boxes.
The company’s type 1P cement, Eagle Cement Strongcem, is constructed of clinker and gypsum. Eagle Cement Strongcem is offered in bulk and 1-tonner sacks.Eagle Cement costs ₦4,100(for a 50kg bag) and ₦2,250,000. (Wholesale i.e 600 bags).
Ashaka Cement:The location of the production facility in the north is where the term Ashaka originates. It is a division of the Gombe, Northern Nigeria-based Lafarge Cement company. The well-known company Ashakacem, often known as the “Star of the North,” has a reputation for quality and integrity.It performs exceptionally well in terms of strength at all ages and has improved adaptability and durability. Due to its exceptional workability and early strength, it is appropriate for both general-purpose and structural concrete applications.
The location of the production facility in the north is where the term Ashaka originates. It is a division of the Gombe, Northern Nigeria-based Lafarge Cement company. The well-known company Ashakacem, often known as the “Star of the North,” has a reputation for quality and integrity.It performs exceptionally well in terms of strength at all ages and has improved adaptability and durability. Due to its exceptional workability and early strength, it is appropriate for both general-purpose and structural concrete applications.The cost of Ashaka cement is ₦4,000 (for a 50 kg bag) and ₦2,265,000. (Wholesale i.e 600 bags).

Engineers, builders, quantity surveyors, and developers are entangled in this web and have no choice but to accept the price increase.
You could require cement for one or more reasons, and if you’re preparing to buy any, it’s critical that you be aware of the market price in Nigeria.

Nigeria’s biggest cement-producing firms include Dangote Cement, Eagle Cement, Ibeto Cement, Ashaka Cement, BUA Cement, and Elephant Cement [WAPCO].

Government Policy:The cost of manufacturing and producing cement in Nigeria has significantly increased as a result of the strict government restrictions that have been implemented over the years. Several tariffs are imposed, imports are prohibited, and the electricity supply is inadequate, among other government regulations.
Distribution Costs:The rising price of cement in Nigeria is typically also attributed to the distribution costs of various cement products. This is true since the cost of distribution to the market and the intended audience is often high, which might result in a rise in the cost of these items.
Maintenance cost:Heavy equipment, intricate facilities, and pricey instruments are used in cement factories. In order for the manufacturers to maintain all of these pieces of equipment, continue making cement, and stay profitable, they simply need to raise the price of a bag of cement.
Poor Power Supply:The Nigerian government’s nonchalant approach to ensuring a reliable power supply in Nigeria has ensured that the problem of a poor power supply has spread widely. As a result, producers of cement in Nigeria are forced to rely on generators and other alternative sources of power, which are very expensive to purchase and even more costly to maintain and operate on a daily basis.
Retail:The sale of commodities to the general public in relatively modest amounts is known as retail. The steadily rising cost of cement in Nigeria is frequently attributed to retail prices. This is because the retail cost is so high. For instance, the retail price for the identical 50kg bag of cement may be 4,200 Naira, but the wholesale price might be 3,800 Naira. We choose to buy the bag of cement at the latter price. The price of cement increases as a result of this rise in retail pricing for personal gain.

Nigerian Cement: Different Types

Portland Pozzolana Cement (PPC)

If you want a concrete surface that is vulnerable to chemical attacks as a result of activities inside a space, this cement is what you should choose. Portland cement and pozzolanic clinker powder are combined to form PPC. It is suitable for water-related projects including sewage and marine ones.

Ordinary Portland Cement (OPC)

As it is used in the majority of construction projects, this type of cement is the most common in Nigeria. It may be applied to any kind of construction job. It is also the most widely produced since it is used in the production of concrete. Moreover, it is used in mortars, screeds, and plasters (mixed just with sand and water). The is the cement of choice for the majority of construction projects in Nigeria. Check out the current price of this type of cement in Nigeria.

Rapid hardening Cement

Rapid hardening cement, as opposed to regular Portland cement, may reach high strength quickly. Because of its larger lime concentration and finer-grained particles, it develops its strength more quickly than OPC. As a result, building may proceed more quickly since the formwork can be taken down earlier. It is largely utilized in the building of roads and prefabricated buildings.

White Cement

It is a type of ordinary Portland cement created with raw materials devoid of iron oxide. It often comes in white and is more expensive than OPC. Precast curtain walls, facing panels, and terrazzo surfaces are all comprised of white cement. It is also used for decorative projects both indoors and outside. representations of the exteriors of buildings, floors, ornamental concrete items, garden paths, swimming pools, etc.

Other Cement Kinds In Use Across The World

Cement for Air Entrainment
Expansive cement
Blast Furnace Slag Cement
Sulfates Resistant Cement
Expansive hydrographic cement
Low Heat Cement
Colored concrete
high Alumina content Cement
Hydrographic cement
Quick setting cement

Nigerian Resources Used To Produce Cement

A total collection of limestone was most recently reported by Nigeria’s Ministry of Mines and Steel Development (measured at 2.3 TMT for which 11 MMT is used and 568 MMT stands as proven reserve). Once more, these deposits are regarded as pure, particularly in areas like Cross-River, Benue, and Ebonyi cities with significant industrial activity in Edo, Ogun, Gombe, and Sokoto. Nigeria is the most industrialized nation in West Africa, nonetheless.

Cement’s Usage in Nigeria

In Nigeria, cement is a crucial building component. It has several applications. For instance,

It is utilized to create concrete blocks to construct building external walls.
cement is used to make concrete walls and mortar.
Concrete may be made by combining it with sand, water, and gravel.
Upon construction, it can be utilized as decoration.
Moreover, it can be utilized as a glue or filler.

White Cement Cost in Nigeria

Plaster of Paris (POP) cement, commonly known as white cement, has a very varied purpose when it comes to constructing and decorating, which has increased its value and made it more necessary.

The use of white cement to create beautiful and elegant patterns on buildings raises their cost. Due to the differences in its uses, white cement costs higher in Nigeria than standard Portland cement. Brand, quality, and poor size all affect the cost of POP cement. It comes in bags of 5 kilogram, 40 kg, and 50 kg. White cement costs between N400 (1 kg) to N19,000 (40kg).

Contribution of Cement to Nigeria’s Economy

The most common type of building material used worldwide, cement is crucial to Nigeria’s economy.

Marble and limestone are the two main materials used to make cement in Nigeria nowadays. Carbon dioxide is a byproduct of the heat-based conversion of this limestone to cement.
They are mostly made up of calcium and magnesium carbonates, with bigger quantities found in various Nigerian locations as Yandev, Calabar, Ukpilla, and Ewekoro (which has the largest deposit of Magnesium carbonate).
A total collection of limestone was most recently reported by Nigeria’s Ministry of Mines and Steel Development (measured at 2.3 TMT for which 11 MMT is used and 568 MMT stands as proven reserve). Once more, these deposits are regarded as pure, particularly in areas like Cross-River, Benue, and Ebonyi cities with significant industrial activity in Edo, Ogun, Gombe, and Sokoto. Nigeria is the most industrialized nation in West Africa, nonetheless.

Over a quarter of a million people are employed in the cement business, which accounts for 20% of the nation’s GDP. Cement is frequently used in construction. In addition, it is used to construct tunnels, bridges, roadways, and walls.

Environmentally hazardous pollution is one of cement’s adverse effects. Those who live close or work with cement are affected by this pollution in terms of their health.

Conclusion

This is made feasible by the huge amounts of sand and gravel that are available in Nigeria’s rivers, lakes, quarries, and mountains, which are abundant in natural resources.
The cost of production and other logistical factors taken into account by the manufacturing businesses affect the price of cement in Nigeria. Cement costs around $4000 in Nigeria for retail rates, but the lowest wholesale price is $2,350,000.
Due to several manufacturing and logistics-related reasons, the price of white cement in Nigeria is now a little on the high side.

It’s important to realize that the prices shown above represent typical pricing for whatever brand of cement you’re considering. On the other side, some stores could tack on a little extra cash to their goods to increase their profit at the end of the day. The cost of goods has significantly increased as a result of the recession in Nigeria.