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Current Cement Prices: Dangote, BUA, and Others This Week

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Cement prices in Nigeria have remained volatile due to a combination of local and global economic pressures, infrastructural challenges, government policies, and market-specific dynamics. This price unpredictability affects key sectors like construction and real estate, where stable cement prices are critical to project planning and execution.

Factors Contributing to Cement Price Fluctuation
1. High Production Costs

Cement production in Nigeria is capital- and energy-intensive, with significant costs associated with raw materials and energy:

Energy Costs: The reliance on diesel and gas generators due to erratic electricity supply inflates production costs.
Raw Materials: Despite Nigeria’s abundant limestone reserves, mining and transportation costs are high due to inadequate infrastructure and security challenges.
2. Limited Industry Competition

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Nigeria’s cement industry is dominated by a few major players: Dangote Cement, BUA Cement, and Lafarge. This oligopoly structure reduces competitive pricing:

High Entry Barriers: Capital-intensive investments deter new entrants.
Import Restrictions: Policies limiting cement imports strengthen local manufacturers’ market control, restricting competition and enabling price manipulation.
3. Logistics and Transportation Challenges

Poor infrastructure and security issues increase transportation costs:

Road Infrastructure: Bad roads lead to delays and higher fuel consumption, with costs passed to consumers.
Insecurity: In regions like the North, insecurity increases logistical risks, raising costs for manufacturers and distributors.

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4. Exchange Rate Volatility

The naira’s fluctuating value against foreign currencies impacts the cost of imported machinery, spare parts, and raw materials. These costs are often offset by frequent adjustments in cement prices.

5. Demand-Supply Imbalance

High demand driven by urbanization, population growth, and government infrastructure projects often outstrips domestic supply:

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Periodic Shortages: Insufficient production capacity leads to supply gaps.
Import Restrictions: Policies aimed at promoting local production reduce overall supply, contributing to higher prices.
6. Taxes and Levies

Cement manufacturers face significant taxes and levies, which are typically transferred to consumers through increased prices.

7. Market Speculation and Hoarding

Speculative practices further destabilize prices:

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Hoarding: Distributors hoard cement to create artificial scarcity, driving up prices.
Speculation: Rumors about policy changes or supply disruptions lead to panic buying.
8. Infrastructure Deficiencies

Nigeria’s infrastructure issues exacerbate supply chain inefficiencies:

Port Congestion: Delays at ports affect the timely import of production inputs.
Storage Facilities: Limited storage for raw materials and finished goods contributes to supply shortages during peak demand periods.
9. Global Economic Trends

External events like the COVID-19 pandemic and the Russia-Ukraine war have disrupted supply chains and increased the cost of key production inputs like gypsum and coal, amplifying local price instability.

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10. Security Challenges

Security concerns, particularly in mining regions, affect raw material availability and increase risks along distribution routes, inflating overall costs.


Current Cement Prices in Nigeria (Week Overview)

Cement Type Price (₦ per 50kg bag)
Dangote Cement ₦9,400 (varies by location)
BUA Cement ₦7,700
POP (Plaster of Paris) Cement ₦9,700
Lafarge Waterproof Cement ₦8,900
Water Shield High-Quality Cement ₦12,000

Recommendations for Addressing Price Instability

A multi-pronged approach is essential to stabilize cement prices and ensure sustainable growth in Nigeria’s construction and real estate sectors:

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Improve Infrastructure: Upgrading roads, ports, and storage facilities will reduce transportation and logistical costs.

Foster Competition: Encourage new entrants by reducing capital barriers and revisiting import restrictions to increase supply options.

Stabilize Exchange Rates: Strengthening the naira through sound fiscal policies will lower the cost of imported inputs.

Enhance Energy Supply: Investing in reliable electricity infrastructure will reduce reliance on expensive generators.

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Regulate Taxes and Levies: Introducing tax reliefs for cement manufacturers can reduce production costs and lower market prices.

Without these interventions, cement prices in Nigeria are likely to remain unstable, posing significant challenges to the nation’s development agenda.

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BREAKING: Jubilation As PDP Wins All 30 LGs In Osun State(See winners)

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By Kayode Sanni-Arewa

The Osun State Independent Electoral Commission, OSSIEC, has announced that the Peoples Democratic Party, PDP, won all the local government and councillorship positions in the just concluded local government elections in the state.

The Chairman of the Commission, Hashim Abioye, made this announcement via a Facebook Live broadcast on Saturday evening.

Abioye stated that PDP candidates secured all the councillorship seats in all 332 wards in the state, as well as the chairmanship elections in all 30 local government council areas.

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The names of the PDP chairmanship candidates and their respective local government council areas:

Babalola Wasiu Kayode – Boripe

Okunade Oluwafemi Adesanya – Egbedore

Adeyenuwo Rotimi John – Ife Central

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Agboola Francis Olajire – Obokun

Azeez Lateef Adeniran – Isokan

Aina Abayomi Adesina – Boluwaduro

Sodiq Samuel Oluwapelumi – Ola Oluwa

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Ajibade Oluwatoyin S. – Irepodun

Adebanjo Oladiti Tunmininu – Ilesa West

Ibironke Alade Adegboye – Atakumosa East

Aroke Muyiwa Aderemi – Ife South

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Kolade Obafemi Kolawole – Olorunda

Moshood Adekunle Kabiru – Iwo

Awotunde Abiodun Sarafadeen – Ifelodun

Akande Taiwo Adekunle – Osogbo

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Dada Feyisayo Ajibola – Atakumosa West

Amodu Taiwo – Ede North

Atolagbe Kayode Olayinka – Ifedayo

Akande Michael O. – Ife North

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Adeyekun Taiwo Adebayo – Oriade

Adeniran Adenike Felicia – Ayedaade

Afolabi Oyekola Lukman – Ede South

Odunyemi Haruna Bukola – Ife East

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Jooda Ambali Babajide – Irewole

Adewale Adeyinka Oluwaseun – Odo Otin

Ogunbiyi Solomon Akinyemi – Ayedire

Raimi Adenike Nafisat – Ejigbo

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Adebisi Jayeola Nasir – Ila

Ilesanmi Taiwo Sunday – Ilesa East

Alade Aderemi Fatai – Orolu

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DSS arrests three for assaulting operatives during LSHA crisis

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By Kayode Sanni-Arewa

The Department of State Services (DSS) has arrested three persons linked to the alleged assault on its officers during the crisis that rocked the Lagos State House of Assembly, following the removal Mudashiru Obasa, as Speaker

Apparently sensing danger, some lawmakers had mobilized their supporters to the Assembly Complex, but these supporters allegedly attacked some DSS officers who were invited by the Assembly leadership to secure the facility. Security sources revealed that “after extensive analysis of CCTV footage, we were able to clearly identify three of the suspects”.
“The suspects, Ibrahim Olanrewaju Abdulkareem, a photographer and two others attached to the Assembly’s Seargent at Arms, Adetu Adekunle Samsudeen and Adetola Oluwatosin Fatimoh, a lady, were consequently tracked and arrested during the week in different parts of Lagos,” The trio have since confessed to the crime and will soon be charged to court, the source said.

It would be recalled that the Lagos Assembly had in a leaked memo dated 14th February, 2025 and addressed to the DSS Director in the State, and Heads of other Security Agencies in Lagos State, told the Security Agencies in Lagos that, there was credible information to the effect that, Obasa had planned to forcefully reinstate himself today, February 18, 2025.
Accordingly, the Assembly management, held the view that, the development posed “a potential security threat” to it and its members.

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Police seal OSSIEC office, officials nabbed, says chairman

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By Kayode Sanni-Arewa

The chairman of the Osun State Independent Electoral Commission (OSSIEC), Hashim Abioye, has claimed that the police have sealed off the headquarters in Osogbo.

In a video post on the OSSIEC X handle, Abioye accused the police of also arresting election officials and blocking journalists from covering the local government election.

According to him, several OSSIEC officials were detained while on their way to polling units on Saturday.

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Attempts by our correspondent to reach Abioye for further details proved abortive as his telephone line was switched off.

The OSSIEC chair, in the post, assured voters that materials had been deployed to affected areas.

So far so good, the reports have been positive and the conduct has been very smooth and peaceful as against the false alarm raised by the police. Everywhere is calm,” Abioye said.

“The only thing is that in some of the areas in which materials are supposed to have arrived for voters to cast their votes, we had reports of police arresting our officials.

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“I don’t know on whose order because there is no court order that warranted the arrest of officers of our officials.

“As it is, we have deployed materials to those units because we have enough on the ground.

For our people in the media community, I want to apologise for the inadequacy of the tags and the jackets because we have enough but the police sealed our office and that was not warranted at all.”

Abioye’s comments come after police had called for the local government election to be called off by the state government, citing a security threat.

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In a statement by its Public Relations Officer, Olumuyiwa Adejobi, on Friday, the Police said it received credible intelligence indicating a likelihood of violence and significant security threats should the planned elections proceed.

The police explained that reports gathered from joint intelligence gathering revealed that various groups, including political elements and other interested parties, are mobilising to instigate unrest, disrupt public peace and undermine the democratic order.

However, the Osun State government acknowledged the police’s advice but insisted on going on with the election.

Channels Television reports that the election eventually went on as scheduled on Saturday.

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