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Nigeria produces more cement than it consumes, yet prices remain among the highest in AfricaCement manufacturers such as Dangote and BUA cite rising costs and logistical challenges as reasons for high retail pricesExperts call for increased competition and government policies to lower cement production costs
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Despite producing more cement than it consumes, Nigeria remains one of the most expensive places in Africa to buy the essential building material, raising fresh concerns over housing affordability and infrastructure costs.
The country’s cement industry, dominated by Dangote Cement, BUA Cement and HBM Nigeria Plc (formerly Lafarge Africa), has an installed production capacity of about 60 to 65 million metric tonnes annually.
Major cement manufacturers release fresh prices amid threats from the FG. Credit: NurPhoto/ContributorSource: Facebook
With new factories under construction, national capacity is expected to rise to nearly
