Recent developments in Nigeria’s cement industry have brought to light significant disparities in pricing, sparking concerns among stakeholders and prompting a closer examination of market dynamics.
Initial agreements brokered between major cement producers—such as BUA, Dangote, Lafarge, Ibeto, and others—in collaboration with the Federal Government aimed to establish a pricing framework. The accord set forth a range of N7,000 to N8,000 for a 50kg bag of cement.
However, market observations reveal a stark contrast between agreed-upon rates and prevailing prices. Here’s a breakdown of the current pricing landscape among key cement producers:
- Dangote Cement Plc: Prices fluctuate between N7,000 and N8,500 per bag.
- Lafarge Africa Plc: Cement is available within the price bracket of N7,000 to N8,000 per bag.
- BUA Cement: Retail prices vary from N6,500 to N7,500 per bag.
- UNICEM Cement: Prices oscillate between N6,000 and N7,000 per bag.
- Ibeto Cement: Retail prices range from N6,500 to N7,000 per bag.