Cement Price Surge: Government Steps In To Bring Relief

Government Calls on Cement Manufacturers to Lower Prices

Listen up, everyone. The Federal Government, through the Ministry of Works, has made a bold move to tackle the skyrocketing cost of cement. David Umahi, the Minister of Works, recently issued a directive to cement manufacturers, urging them to slash the price of a 50kg bag to a more affordable ₦7,000. This comes after a wave of complaints from builders, contractors, and everyday Nigerians who have been hit hard by the rising prices.

Before this intervention, the cost of cement had reached astronomical levels, with prices ranging from ₦10,000 to ₦15,000 per bag in various markets, including the capital, Abuja. It’s no surprise that this price hike has caused ripples across the construction industry, making it harder for people to build homes or complete infrastructure projects. The government is stepping in because they understand the impact this has on the economy and the lives of everyday Nigerians.

Manufacturers have tried to justify the high prices by pointing to factors like increased production costs, exchange rate fluctuations, and the ever-present issue of supply and demand. But Minister Umahi isn’t buying it. He’s expressed frustration with the manufacturers’ explanations, emphasizing the significant gap between the price cement leaves the factory at and what consumers end up paying in the market.

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In a statement, Minister Umahi said, “We need to dig deeper into this situation and find a solution that works for everyone. The disparity between the ex-factory price and what consumers pay is unacceptable.” The goal of this directive is simple: ease the financial strain on consumers and give the construction sector the boost it needs to thrive.

What Are the Current Market Prices for Cement?

As of March 2025, here’s the latest on the prices of major cement brands in Nigeria. If you’re in the market for cement, these figures might help you plan your next move:

1. Dangote Cement

Dangote Cement continues to dominate the market, but its prices aren’t exactly wallet-friendly. A 50kg bag of Dangote Cement currently costs between ₦9,900 and ₦10,500, depending on where you’re buying it. While it’s still one of the most trusted brands, the price tag might make you think twice before making a purchase.

2. BUA Cement

BUA Cement offers a slightly wider price range, with a 50kg bag priced anywhere from ₦8,000 to ₦11,000. This brand has carved out a niche for itself by offering competitive pricing without compromising on quality. If you’re looking for a balance between cost and reliability, BUA Cement might be worth considering.

3. Lafarge Cement

Lafarge Cement is another household name in the industry, with prices ranging from ₦9,100 to ₦10,500 per 50kg bag. Known for its consistent quality, Lafarge is a go-to choice for many builders and contractors. However, the price point might still be a bit steep for some consumers.

4. Ibeto Cement

Ibeto Cement, part of the Ibeto Group, has built a reputation as a cost-effective option that gets the job done. A 50kg bag of Ibeto Cement is priced between ₦9,500 and ₦10,500. If you’re working on a tight budget, Ibeto might just be the brand that fits your needs without breaking the bank.

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5. United Cement Company of Nigeria Limited (UniCem)

UniCem, a subsidiary of the Lafarge Group, is a leading cement brand in eastern Nigeria. It’s trusted for both general and structural construction projects. As of February 2025, a 50kg bag of UniCem cement is priced between ₦11,500 and ₦13,500, depending on the location. While it’s on the higher end of the price spectrum, its quality and reliability make it a favorite among builders in the region.

So there you have it. The government is taking action to bring down cement prices, and it’s about time. Whether you’re a homeowner planning to renovate or a contractor working on a major project, these developments could mean some much-needed relief. Keep an eye on the market, and let’s hope these efforts pay off for everyone involved.