Cement Price Spike Threatens Nigeria’s Housing Pipeline
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Nigeria’s housing affordability challenge could worsen as cement prices surge to record levels. Developers warn that rising construction costs are already delaying projects and pushing homeownership further out of reach.
Nigeria’s real estate developers are warning that soaring cement prices could significantly slow housing delivery and deepen the country’s affordability crisis. According to the Real Estate Developers Association of Nigeria (REDAN), the cost of a 50kg bag of cement has climbed from about N7,500 in late 2025 to as much as N15,000 in some parts of the country.
The increase is placing additional pressure on developers already dealing with inflation, currency volatility, and rising operating expenses. Because cement represents a major component of construction costs, the price surge is driving up the cost of both residential and commercial projects, potentially delaying new developments and increasing home prices. Industry leaders are now calling for government intervention to stabilise building material costs and protect housing supply.
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