By George Omagbemi Sylvester
Abuja, Nigeria — Friday, May 22, 2026. BUA Cement Plc has attributed the persistent increase in cement prices across Nigeria to intensified market competition, pricing pressures, and the entry of new players into the industry, alongside expanding regional export activities and operational challenges affecting production.
According to the company’s 2025 annual report and accounts unveiled in Abuja, BUA Cement stated that competition within the cement sector increased significantly following the emergence of a new entrant and the acquisition of another player, leading to stronger market rivalry and periodic price adjustments. The company explained that these developments contributed to pricing pressures within the industry.
BUA further disclosed that the company adopted periodic price reviews, customer loyalty initiatives, strategic supply contracts, and resumed exports of cement and clinker to neighbouring West African countries as part of efforts to strengthen market diversification and maintain operational stability.
The cement manufacturer also identified shortages of quarry materials, recurring machinery downtime, spare parts scarcity, workforce disruptions, and security concerns as additional factors affecting production efficiency and output levels during the year under review.
Industry analysts say rising energy costs, logistics expenses, and increasing demand for construction materials have continued to push cement prices upward nationwide, with prices in some regions reportedly ranging between ₦10,000 and ₦14,000 per 50kg bag.
Despite the challenges, BUA Cement reported strong financial performance for 2025, recording revenue growth and increased profitability driven partly by exports, operational adjustments, and market expansion strategies.
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