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Operators seek government’s intervention over high cement cost
Operators seek government’s intervention over high cement cost
Towards making home ownership more accessible, operators in the building sector value chain have appealed to the Federal government to intervene over the persistent increase in the price of cement.
Cement is a critical ingredient for housing construction in Nigeria, as it determines, in no small measure, the number of houses that could be constructed over time. It performs a fundamental role in constructing foundations, floors, walls, and other structural elements, providing strength, durability, and stability.
The potency of cement is essentially hinged on its ability to bind aggregates such as sand, gravel, and others together when mixed with water, thus making it an essential component for housing construction.
However, over the years, the construction industry in Nigeria has faced challenges, as cement prices have surged to unprecedented levels. Between December 2023 and November 2024, the price of a 50kg bag of cement sold for an average of N5,000 and N8,000 in the open market.
As of April 2025, the average retail price per 50kg bag of cement ranges between N10,000 and N10,500, depending on locations and the brand.
The price of cement had in the recent past surged to N15,000 in the Federal Capital Territory (FCT), Abuja, Lagos and other Nigerian cities before stabilising between N9,500 and N10,500 per 50kg, especially for one of the leading cement manufacturers. Other brands, such as BUA, Lafarge Cement, sell at a slightly different price in the building materials market.
The cement manufacturers attributed the price increase to rising production costs triggered by inflation and transportation costs, high cost of labour, frequent disruptions in gas supplies, and high cost of maintenance for equipment.
Block manufacturers under the aegis of the National Association of Block Moulders of Nigeria (NABMON) recently called on the Federal Government to intervene with practical and urgent measures to stabilise the surge in cement price and prevent a looming construction crisis.
NABMON President, Adesegun Banjoko, lamented over the continued inaction on the part of the government regarding the persistent rise in cement prices—a trend that has ripple effects across the construction sector, housing delivery, and public infrastructure projects.
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Adesegun said, “We are waiting for that pragmatic step from the government on this issue of cement prices. Just as we’ve seen conscious and deliberate efforts to stabilise the Naira and petroleum prices, similar intervention is urgently needed in the cement sector.”
Expressing worries over the development, a builder based in Lagos, Mr Ebuka Okoro, said, “It will be ideal if the price of cement can be N5,000 per 50kg. This will encourage more investors and more people to build and bridge the huge housing deficit in the country.
“The usual complaints by the producers for hikes in the price are the cost of diesel and other industrial fuels, which they say increased significantly, impacting production costs. They also attributed the increase to frequent disruptions in gas supplies, which have affected cement production.”
A Lagos-based cement seller, Michael Adeyemi, lamented that the price increase has had a devastating impact on builders and contractors, with many struggling to manage their budgets.
According to him, the high price of cement will undoubtedly affect the buying power of individuals and businesses looking to buy homes or engage in other construction projects.”
Adeyemi said the government need to address the issues contributing to unstable prices, especially high maintenance costs due to heavy-duty machinery and facilities used by producers, erratic power supply, and unfriendly government policies to stabilise the prices and support the construction industry
Towards making home ownership more accessible, operators in the building sector value chain have appealed to the Federal government to intervene over the persistent increase in the price of cement.
Cement is a critical ingredient for housing construction in Nigeria, as it determines, in no small measure, the number of houses that could be constructed over time. It performs a fundamental role in constructing foundations, floors, walls, and other structural elements, providing strength, durability, and stability.
The potency of cement is essentially hinged on its ability to bind aggregates such as sand, gravel, and others together when mixed with water, thus making it an essential component for housing construction.
However, over the years, the construction industry in Nigeria has faced challenges, as cement prices have surged to unprecedented levels. Between December 2023 and November 2024, the price of a 50kg bag of cement sold for an average of N5,000 and N8,000 in the open market.
As of April 2025, the average retail price per 50kg bag of cement ranges between N10,000 and N10,500, depending on locations and the brand.
The price of cement had in the recent past surged to N15,000 in the Federal Capital Territory (FCT), Abuja, Lagos and other Nigerian cities before stabilising between N9,500 and N10,500 per 50kg, especially for one of the leading cement manufacturers. Other brands, such as BUA, Lafarge Cement, sell at a slightly different price in the building materials market.
The cement manufacturers attributed the price increase to rising production costs triggered by inflation and transportation costs, high cost of labour, frequent disruptions in gas supplies, and high cost of maintenance for equipment.
Block manufacturers under the aegis of the National Association of Block Moulders of Nigeria (NABMON) recently called on the Federal Government to intervene with practical and urgent measures to stabilise the surge in cement price and prevent a looming construction crisis.
NABMON President, Adesegun Banjoko, lamented over the continued inaction on the part of the government regarding the persistent rise in cement prices—a trend that has ripple effects across the construction sector, housing delivery, and public infrastructure projects.
Adesegun said, “We are waiting for that pragmatic step from the government on this issue of cement prices. Just as we’ve seen conscious and deliberate efforts to stabilise the Naira and petroleum prices, similar intervention is urgently needed in the cement sector.”
Expressing worries over the development, a builder based in Lagos, Mr Ebuka Okoro, said, “It will be ideal if the price of cement can be N5,000 per 50kg. This will encourage more investors and more people to build and bridge the huge housing deficit in the country.
“The usual complaints by the producers for hikes in the price are the cost of diesel and other industrial fuels, which they say increased significantly, impacting production costs. They also attributed the increase to frequent disruptions in gas supplies, which have affected cement production.”
A Lagos-based cement seller, Michael Adeyemi, lamented that the price increase has had a devastating impact on builders and contractors, with many struggling to manage their budgets.
According to him, the high price of cement will undoubtedly affect the buying power of individuals and businesses looking to buy homes or engage in other construction projects.”
Adeyemi said the government need to address the issues contributing to unstable prices, especially high maintenance costs due to heavy-duty machinery and facilities used by producers, erratic power supply, and unfriendly government policies to stabilise the prices and support the construction industry
Although the Federal government had in the recent past met with some of the producers and appealed to them to reduce prices to N7, 000 and N8, 000 per 50kg, but retail prices continue to hover around N10, 000 and N10, 500, thereby hampering efforts at increasing the nation’s housing stocks.
The experts advocated industry-specific intervention for cement manufacturers. They suggested that the government should subsidise the production costs, invest in infrastructure that enhances manufacturers’ activities, and encourage competition in the cement sector to drive down prices.
A building contractor, Mr Obiora Alex, said, “By subsidising production costs, the government can enable cement manufacturers to reduce their prices. Investing in infrastructure can reduce transportation costs and make it easier to get cement from factories to construction sites.”
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Jamara Home Celebrates 10,000th Customer with a Stylish Surprise and Heartfelt Thanks
In a vibrant display of customer appreciation, Jamara Home, one of Nigeria’s most trusted names in home appliances, has proudly celebrated its 10,000th customer milestone. The brand marked the occasion by surprising select shoppers with unexpected gifts and recognition in its showrooms, two in Lagos and one in Port Harcourt.
The initiative reflects Jamara Home’s deep-rooted commitment to customer loyalty, emphasizing not just the number of people served, but the enduring trust and community spirit behind every purchase.
As part of the celebration, Jamara Home has already surprised one lucky shopper, and more surprises are coming! Shopping vouchers worth ₦100,000 will be awarded to more lucky customers at each Jamara showroom.
“We’re not just selling appliances, we’re building relationships,” said Rabi Jammal, Managing Director at Jamara Home. “This celebration is our way of saying thank you to the amazing people who choose Jamara every day.”
From welcoming showroom experiences to smooth online shopping, Jamara Home continues to redefine how Nigerians furnish their homes, offering top-quality products with a focus on affordability, reliability, choice and personal care.
Jamara Home’s full product range includes TVs, fridges and freezers, audio systems, gas cookers, kitchen appliances, cooking appliances, air conditioners, washing machines and more, all available to browse at jamarahome.com
Consumers can shop online from anywhere in Nigeria at:
👉 https://www.jamarahome.com
Or visit a showroom in Lagos or Port Harcourt:
👉 https://www.jamarahome.com/pages/stores
With a growing community of happy customers and a strong reputation for service, loyalty and trust, Jamara Home continues to build not just beautiful homes but lasting relationships.
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News
Olori Aderonke EmmanuelKing Honoured in Spirit-Filled Birthday Celebration as Valiant Special Prayer Squad Marks Third Anniversary
Olori Aderonke EmmanuelKing Honoured in Spirit-Filled Birthday Celebration as Valiant Special Prayer Squad Marks Third Anniversary
The atmosphere was charged with spiritual fervor and heartfelt celebration as the Valiant Special Prayer Squad, an intercessory arm of Adron Group’s spiritual framework, commemorated its third anniversary in an all-day prophetic gathering that also marked the 48th birthday of its founder, Olori Aderonke Omotola EmmanuelKing.
More than just a ceremonial event, the gathering was a fusion of spiritual depth and leadership tribute, highlighting the synergy between faith, corporate responsibility, and personal devotion. Olori Aderonke, who also serves as the Vice Chairman and Group Executive Director of Adron Group, has over the years exemplified a model of prayer-driven leadership and values-based stewardship.
Since its inception three years ago, the Valiant Special Prayer Squad has evolved into a spiritual backbone for Adron Group, mobilizing staff members, directors, and stakeholders into consistent intercession, prophetic declarations, and communal worship. The third anniversary, therefore, marked not just a chronological milestone, but a testament to divine guidance, unity, and spiritual growth within the organization.
The day-long celebration was rich with vibrant praise, worship sessions, moving testimonies of answered prayers, and exhortations from ministers of the gospel. Spiritual leaders and squad members led fervent sessions of intercession for the celebrant, the company, its leadership, and the nation at large, reinforcing the squad’s identity as a watchtower over corporate and national concerns.
One of the most touching moments was the outpouring of love and tributes directed at Olori Aderonke, whose commitment to spiritual discipline, staff welfare, and personal mentorship was lauded by all in attendance. Colleagues, friends, and mentees shared stories of transformation and growth under her leadership, painting a picture of a woman whose quiet strength has built bridges between the boardroom and the altar.
Adding to the beauty of the moment was the presence and participation of her husband, Aare Adetola EmmanuelKing, Chairman and CEO of Adron Group. His visible support, actively engaging in the entire day’s spiritual sessions was a reflection of their personal bond and a strong endorsement of the spiritual structure his wife has built within the company.
In her address, a visibly moved Olori Aderonke gave thanks to God for the grace to lead and impact lives. She expressed deep appreciation to the squad members, her family, and the entire Adron community for their loyalty and spiritual alignment. She also stressed the need for sustained prayer altars within institutions and homes, declaring that every lasting legacy must first be rooted in divine alignment.
The event concluded with a solemn benediction and communion service that left many in renewal and spiritual empowerment.
As the Valiant Special Prayer Squad marches into its fourth year, it does so with renewed strength, carrying a mandate to not only intercede for Adron Group but to be a beacon of spiritual order in corporate Nigeria.
About The Author
Meet Okpe Anthony Okpe: A Multifaceted Media Entrepreneur and Social Reformer
Mr. Okpe Anthony Okpe is a renowned Nigerian media entrepreneur, security and real estate consultant, public relations expert, philanthropist, and thought leader with a remarkable career spanning over 25 years. His name resonates across the Nigerian media landscape and beyond, representing excellence, versatility, and a steadfast commitment to societal transformation.
A man of many hats, Mr. Okpe currently serves as:
National President, Real Estate Reporters and Publishers Association of Nigeria (RERAPAN)
National President, Oil and Gas Reporters and Publishers Association of Nigeria (OGRAPAN)
National Vice President, Community Media Practitioners Association of Nigeria
National Vice President, Celebrity Journal Publishers Association of Nigeria (CJPAN)
Through these platforms, he has amplified the voices of various sectors and driven conversations around national development, public accountability, and community impact.
Media Powerhouse and Publishing Trailblazer
Mr. Okpe is the Publisher, Editor-in-Chief, and Chief Executive Officer of Tony Okpe Communications, a dynamic media conglomerate comprising multiple reputable titles that span across industries, regions, and age demographics. His diverse publication portfolio includes:
Oil and Gas Achievers Magazine
National Crimewatch Magazine
The African Custodian Magazine
FCTWATCH Magazine
Lagoswatch Magazine
Kiddieswatch Magazine
Crossriverian Magazine
Cross River Achievers Magazine
AkwaIbomite Magazine
AkwaIbomite Achievers Magazine
Ogunobserver Magazine
Gateway Achievers Magazine
National Schoolwatch Magazine
These publications are not only informative but serve as platforms for advocacy, development reporting, and celebrating excellence across Nigeria and the African continent.
Champion of Recognition and Excellence
Mr. Okpe is the convener of several prestigious annual awards and exhibitions, dedicated to promoting sectoral development and rewarding outstanding individuals and institutions. Among them are:
Real Estate Achievers Awards and Exhibition
National Crimewatch Awards
African Custodian Awards
Kiddieswatch Awards
Lagoswatch Business Awards
Nigeria National Schools Awards
AkwaIbomite Achievers Awards
Cross River Achievers Awards
Gateway Achievers Awards
These platforms reflect his deep-seated belief in using media, recognition, and advocacy as instruments for positive social change.
Philanthropy Rooted in Redemption and Empowerment
Beyond the media space, Mr. Okpe is the Founder and President of the Tony Okpe Foundation, an NGO focused on the rehabilitation and reintegration of ex-convicts into society. His work is transformative—empowering former inmates through:
Prison outreach and spiritual counseling
Vocational training in carpentry, tailoring, welding, farming, painting, and bricklaying
Provision of tools and startup funds for trained beneficiaries
Health screenings and free feeding programs
Medical advice and medication in partnership with donor organizations
The Foundation also organizes free medical outreach for security personnel, acknowledging their critical role in national security and crime prevention while promoting their physical and mental well-being.
Mr. Okpe’s philanthropic vision was inspired by years of interaction with ex-convicts and a desire to break the cycle of reoffending. Through strategic collaborations with clerics, professionals, and volunteers, he has created a platform that restores dignity and hope to some of society’s most neglected individuals.
Educational and Professional Credentials
Mr. Okpe holds a degree in Marketing, is an Associate Member of the Canadian Institute of Marketing, and a Fellow of the Institute of Sales Professionals. He also earned a Journalism Certificate from the Journalism Clinic and has attended various professional trainings that have further equipped him for excellence in media management and public relations.
Legacy of Impact
A celebrated journalist, biographer, crime reporter, and social reformer, Mr. Okpe Anthony Okpe continues to shape narratives, elevate underrepresented voices, and inspire meaningful change through his dynamic contributions in media, real estate, advocacy, and philanthropy.
His legacy is one of visionary leadership, resilience, and unwavering service to humanity.
About The Author
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