Cement dealers across Nigeria have announced fresh price increases, with a 50kg bag now selling for as much as N16,000 in some markets, up from N13,000 recorded by buyers just days earlier.
The current cement prices mark a steep rise from late 2024, when a bag sold for around N7,500.
By the third quarter of 2025, that had risen to about N9,000 before reaching the N12,000 to N16,000 range now seen across different locations.
Other building materials have followed a similar upward path.
Blocks have climbed from around N600 to N1,100 each. Sand has gone from N165,000 to N250,000 per 30 tonnes.
Granite has risen from N530,000 to N780,000 per 30 tonnes. Reinforcing steel now costs N1.15 million per tonne, up from N850,000.
The jump has caught builders off guard, especially those midway through construction projects, and adds to a broader rise in building material costs over the past two years.
