The price of a bag of cement in Nigeria has climbed to N11,000, triggering fresh concerns among builders, contractors, and prospective homeowners over rising construction costs.
Market surveys across several states indicate that the increase reflects ongoing pressures within the building materials supply chain. Industry stakeholders attribute the price surge to factors such as higher production costs, foreign exchange fluctuations, transportation expenses, and energy challenges affecting manufacturers.
The development is expected to impact the construction sector significantly, as cement remains a core material in residential, commercial, and infrastructure projects. Contractors warn that continued price increases could slow down housing developments and raise overall project budgets.
Real estate analysts note that higher cement prices may further strain housing affordability, particularly for low- and middle-income earners. The ripple effect could extend to increased property prices and higher rental rates in urban centres.
As demand for construction materials remains strong due to ongoing urbanisation and infrastructure expansion, stakeholders are calling for policy measures that support local production stability, reduce logistics bottlenecks, and ease cost pressures within the manufacturing sector.
The latest price adjustment adds to broader conversations about inflation, cost of living, and economic sustainability in Nigeria’s building and construction industry.
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