The price increase has been attributed to climbing domestic demand combined with higher input costs for cement manufacturers, who are facing rising diesel prices and instability in gas supply. Furthermore, an unfavourable exchange rate has impacted costs adversely, according to Dangote Cement.
What is the current price of cement in Nigeria?
In fact, a 50kg bag of cement in Lagos can cost as much as N200 more than the standard market price.
Current prices of cement in Nigeria (as of today)
|Cement Brand||Retail Price (per 50kg bag)||Wholesale Price (600 bags)|
|UNICEM||₦3,650 – ₦3,800||₦2,100,000 – ₦2,300,000|
How much is a bag of Dangote Cement in Nigeria?
Currently, the price of Dangote cement is ₦3,800 – ₦3,900 per bag (50kg), and ₦2,250,000 – ₦2,400,000 per wholesale package (600 bags).
Why is cement scarce in Nigeria?
He was quoted as saying in the statement made available on Sunday, “The recent scarcity in cement product in Nigeria is due to low production between January and March due to the yearly turnaround maintenance of the company’s plants at Ibeshe and Obajana.
How much is a truckload of cement in Nigeria?
Current Prices of Dangote Cement in Nigeria this 2021
Currently, a 50kg bag of Dangote cement is valued at ₦3,570 in many major markets in Nigeria. A truckload, which consists of 600 bags, is presently sold at ₦1,500,000.
How many bags of cement can build a 3 bedroom house?
While for a normal or a medium size of a three bedroom flat it will take around 2700 blocks and 155 bags of cement will be enough to build a 3 bedroom flat.
How many bags of cement are needed to build a house in Nigeria?
Therefore, you need a total of 116 bags of CEMENT for the blocks and its laying. But if you are buying the blocks from block industry your expected number of CEMENT bags will be for the laying of the blocks which is 30 bags of CEMENT and for the casting works in the house.
How many bags of cement will build 3 bedroom flat in Nigeria?
An average building plan of three (3) bedroom flat, will cost you over 50 bags of cement i.e 2,650 blocks.
How much is a block in Nigeria 2021?
Cost across the country vary. The average price of blocks in Nigeria is between ₦170 to ₦250 naira.
Why cement price is high?
While costs of input appear a good alibi for cement manufacturers and dealers to justify high costs of the commodity, regulatory lapses in checking price gouging in the value chain, costly logistics driven by inflation and cyclic demand for real estate, fuelled by currency weakness and low yields from financial …
Why is the cost of cement so high?
As more areas become industrialized—and as there grows a greater need for durable building materials to withstand severe weather and long-term wear—the demand for concrete has significantly increased. This alone has affected the price of concrete over the years.
How many blocks can a bag of cement lay?
1 bag of cement can lay approximately 70 to 80 cement blocks.