The Nigerian cement industry is a critical component of the country’s construction sector, supplying essential materials for infrastructure, real estate, and industrial development. However, the rising cost of cement has become a major concern for builders, developers, and consumers alike.
Despite Nigeria producing cement locally and even exporting to neighboring countries, the continuous price hikes have raised questions about the justification for these increases. This report examines the top cement brands in Nigeria, including Dangote Cement, BUA Cement, Lafarge, Ibeto, and UniCem, along with their current market prices.
1. Dangote Cement Plc
Founded on November 4, 1992, Dangote Cement Plc, a subsidiary of Dangote Industries Limited, is Nigeria’s largest cement manufacturer.
With a market capitalization of ₦8.16 trillion as of November 2024, it is the most valuable publicly listed company in Nigeria. Dangote Cement operates in over ten African countries and is known for its high durability and fast-setting properties.
Current Price:
- ₦9,900 – ₦10,500 per 50kg bag (as of February 2025)
2. Lafarge Africa Plc
Commonly referred to as “Elephant Cement” due to its distinctive logo, Lafarge Africa Plc is a key player in Nigeria’s cement industry and a subsidiary of the Holcim Group.
In 2024, the company recorded a ₦100.1 billion profit, marking a 96% increase from the ₦51.1 billion reported in 2023. Lafarge cement is widely appreciated for its strength and long-lasting quality, with a drying time of approximately 24 hours after application.
Current Price:
- ₦9,100 – ₦10,500 per 50kg bag (varies by location)
3. BUA Cement Plc
A subsidiary of the BUA Group, owned by Abdulsamad Rabiu, BUA Cement is known for its affordability and quality.
In 2024, BUA Cement attempted to lower its price to ₦3,500 per bag, but dealers manipulated the market, reselling at higher prices. Due to this challenge, the company could not sustain the reduced price.
Current Price:
- ₦8,000 – ₦11,000 per 50kg bag (depending on region and seller)
4. Ibeto Cement
Founded in 1970 by Cletus Madubugwu Ibeto, Ibeto Cement is a subsidiary of the Ibeto Group. It is known for being a cost-effective yet reliable cement option for construction projects.
Current Price:
- ₦9,500 – ₦10,500 per 50kg bag
5. United Cement Company of Nigeria Limited (UniCem)
A part of the Lafarge Group, UniCem is a dominant cement brand in eastern Nigeria. It is widely used for both structural and general construction.
Current Price:
- **₦11,500 –
