The Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria has reported that cement prices in Kenya, Tanzania, and Togo are lower than in Nigeria, despite Nigeria's significant production capacity and raw material endowment. The commission's findings were released in a report on August 19, 2026.
According to the FCCPC, a 50kg bag of cement in Togo, a country with no limestone deposits, sells for approximately $6.75 (about N9,180). This price is notably lower than the average price in Nigeria, where the commission's data indicates a 50kg bag sells for around N10,000 to N12,000 in different regions.
The FCCPC's report highlights a paradox: Nigeria, with abundant limestone and multiple cement plants, has higher prices than countries that import raw materials or have less production capacity. The commission said the price disparities raise questions about why Nigeria's significant production capacity and raw material endowment do not translate into lower consumer prices.
The commission has called for a review of market structures and potential anti-competitive practices that may be keeping prices artificially high. It also recommended increased transparency in pricing and urged the government to consider policies that would enhance competition in the cement sector.
