Cement Price Movement: How Dangote, BUA, And Other Brands Are Priced This Week

Cement Price Movement: How Dangote, BUA, And Other Brands Are Priced This WeekThe price of cement in Nigeria continues to rise, with a 50kg bag now averaging ₦8,800 nationwide, and in some regions, it has soared to as high as ₦10,000 over the past six to eight months. This consistent increase in prices has sparked widespread concern, prompting the House of Representatives to summon major cement manufacturers, such as Dangote and BUA, earlier this year to address the issue.....KINDLY READ THE FULL STORY HERE▶

The cement giants faced allegations of exploiting exchange rate fluctuations, engaging in corrupt practices, and manipulating the economy to maintain the inflated prices. Despite these concerns and ongoing discussions with lawmakers, cement prices remain unaffordable for many Nigerians.

The price hike has particularly affected individual homebuilders, who now face significant challenges in financing construction projects. While lawmakers have attempted to intervene, no substantial changes have been made, leaving citizens and the construction industry to bear the brunt of the high costs.

Here are the current prices for major cement brands this week:

•Dangote Cement: ₦8,650 per 50kg bag, depending on location.

•BUA Cement: ₦7,000 per 50kg bag.

•POP Cement (Plaster of Paris White Cement): ₦10,300 per 50kg bag.

•Lafarge Cement:

•Waterproof Cement: ₦10,500 per 50kg bag.

•Water Shield High-Quality Waterproof Cement: ₦12,000 per 50kg bag.

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