Cement Prices in Nigeria Understanding the Cost Per Bag for Dangote, BUA Today 1st, April, 2024
Price Gap: Despite government efforts, the cost of a 50kg cement bag remains high in Nigeria. Retail prices range from N8,500 to N10,500, exceeding the targeted N7,000-N8,000 agreed upon.CONTINUE READING…
Market Comparison: This places Nigeria at a disadvantage compared to other African countries.
Cement Brands: Major players like Dangote, Lafarge, Ibeto, BUA, and UNICEM dominate the market, offering relatively uniform pricing across the country.
Price Range: Notably, Ibeto and BUA are more affordable, while Dangote sits in the middle range. UNICEM and Lafarge are pricier.
Bulk Purchases: While buying in bulk (trailer loads) offers some savings, retail prices remain high for average Nigerians and small-scale builders.CONTINUE READING…
Current Market Prices:
A range of N8,500 to N10,000 per 50kg bag applies to most states.
Abuja sees a wider range of N8,500 to N15,000 per bag.
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