Cement Crisis: BUA Retail Rate Surges To ₦11,000 Per Bag—Prices Vary Widely Regionally

As construction material prices continue to rise across Nigeria, BUA Group Plc has announced plans that could ease the pressure on cement buyers. The company is moving to cut production costs by generating its own electricity, a step expected to make cement more affordable for consumers.....KINDLY READ THE FULL STORY HERE▶

Speaking at the company’s Annual General Meeting (AGM) held at the Transcorp Hilton Hotel in Abuja, BUA Chairman Abdul Samad Rabiu revealed that the company is investing in alternative energy solutions to reduce reliance on the national grid and diesel-powered generators. This strategy aims to stabilize operations and ultimately bring down the cost of cement for Nigerians.

Current Cement Price Snapshot

Here’s how cement prices currently stand across Nigeria:

• Dangote Cement

  • Retail: ₦9,000–₦10,500 per 50kg bag

  • Depot/Bulk: ₦8,000–₦9,000

• BUA Cement

  • Retail: ₦8,550–₦11,000 (location-dependent)

  • Depot: ₦5,500–₦7,900

• Lafarge / Elephant Cement

  • Retail: ₦9,100–₦10,500 per bag

  • High-demand areas: up to ₦14,000

  • Elephant Supaset: ₦11,000 via select distributors

Rabiu emphasized that energy remains one of BUA Cement’s biggest production costs, a challenge faced by many manufacturers in Nigeria due to unreliable electricity supply.

To counter this, the company has partnered with Wartsila OY of Finland on a 70MW power project to support its Sokoto Line 4 plant. Additionally, a 20MW gas-powered facility is being developed in collaboration with Green Power International.

These initiatives aim to boost energy self-sufficiency, improve operational efficiency, and most importantly, cut down cement prices for end-users.

The announcement comes as a welcome development for builders, developers, and home owners, many of whom have been forced to delay or reduce the scale of construction projects due to skyrocketing cement costs.

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