Cement holds the third spot as a product critical to Nigeria’s infrastructure and construction sectors. Demand remains robust due to government projects like road expansions, bridges, and housing developments, as well as private real estate growth.

However, rising cement prices have slowed some construction activity. Developers cite high energy costs, transportation challenges, and foreign exchange volatility as key factors affecting affordability. According to the Cement Manufacturers Association of Nigeria (CMAN), the average cement price in 2025 rose by 8% compared to the previous year, influencing project timelines and housing costs.

Experts stress that stabilising cement prices is essential for delivering affordable housing and sustaining employment in construction-related sectors. “Cement is more than a product; it is the backbone of infrastructure development and economic expansion,” says real estate analyst Ngozi Eze.