When it comes to the cost of building materials, the most talked about is the Price of a bag of Cement in Nigeria.
Just like the price of currency and shares on the stock exchange, the price of cement in Nigeria fluctuates periodically.
It is also worth noting that the price of cement is not the same in all part of the country; they’re cheaper in some parts of the country than others. And in this short article, I’ve highlighted the average price of cement in Nigeria.
How Much Is Bag Of Cement In Nigeria 2020?
The cost of a bag of cement differs in different part apart of the country. It is always costlier in the urban and more developed part of the country than others. However, there’s always an acceptable market price for cement all over the country. And that’s what we shall be looking at, in this short price.
To know the actual price of cement in your locality, which is always not more than #200 higher than the bench price, you should visit a shop around you.
Why is the price of cement different?
Even though the price of cement has always fluctuated, it became consistent since the ban placed on the importation of cement by the government. The reason for this is not clear to the public, we can only make guesses. However, some other reason we believe is the reason why the price of cement in Nigeria always fluctuate is:
The cost of production
The hike in price of things in Nigeria affects all sectors. Most producers are complaining of the drastic increase in the cost of the raw materials needed for the production of their goods and services. The cement industry isn’t left out.
Cost Of Distribution
The price of fuel, diesel used in transporting the cement around the country has also increased from time to time. This, in turn, will definitely increase the price of the cement.
Other reasons are unstable power supply, unfavourable government policies, choking taxes and many more.
Best Cement Companies In Nigeria 2020
Just like in every production industry, there will always be those who are there to make a profit and those who are there to not only make a profit but also help give the customers exactly what they need- quality, strong cement. Some of these companies are:
Dangote is unarguably the biggest cement producer in the country. Owned by the richest man in Africa, Alhaji Aliko Dangote of the Dangote Group, Dangote Cement Plc doesn’t just distribute cement in Nigeria. It is one of the major distributors in many other companies in Africa like Congo, Sierra Leonne, Senegal, Ghana and many more countries.
This is probably the second-largest cement producing company in Nigeria. They have production plant across the country-Gombe State, Ogun State, Cross River State.
The cement produced by this company is called Elephant Cement.
Other producers are:
Current prices of cement in Nigeria 2020
Below are the retail prices of cement as at today in Nigeria. Also, I’ve included the wholesale price for those willing to buy above 600 bags.
|Cement Brand||Retail Price||Wholesale Price (600 Bags)|
NOTE: The prices of cement differs from place to place. They’re cheaper in the less developed areas and locations closer to the plants than other parts of the country.
Above are the average acceptable prices of cement in Nigeria as at the time of writing this article. Be rest assured the costs will be updated as the prices change.
What is the price of cement in your locality? Let us know in the comments.