As Cement Prices Soar, Industry Giants Reap Huge Profits – But Is It Production or Price Hikes Behind the Gains?
Despite mounting frustration from consumers and builders over the unrelenting surge in cement prices across Nigeria, the country’s leading manufacturers, Dangote Cement, BUA Cement, and Lafarge Africa, continue to post record-breaking profits, raising critical questions about what’s really fuelling their financial growth. While end-users are grappling with the burden of buying a 50kg bag of