The recent surge in cement prices in Nigeria has significant implications for the construction industry and ordinary citizens. A 50kg bag of cement now costs ₦10,500, marking an 8.25% increase from ₦9,700 in the previous month.
This price hike is attributed to rising transportation costs, with dealers struggling to maintain profitability. Cement price in Nigeria ranges from ₦9,500 to ₦11,500 per 50kg bag as average price; ₦8,400 as lowest price and ₦11,500 as highest price (observed in Lagos and Rivers states).
Major Cement Brands and Their Prices:
Dangote Cement: ₦7,000 – ₦8,500 (retail), ₦5,000 – ₦8,300 (wholesale)..…READ ORIGINAL & FULL CONTENT HERE