Rising Cement Prices Put More Pressure on Nigeria’s Housing Market

The rising cost of cement is creating another challenge for Nigeria’s construction and housing sectors.

Recent industry figures show that cement prices have increased significantly during 2026, adding to the cost of building homes and other infrastructure.

Nigeria’s three largest listed cement manufacturers recorded combined domestic revenue of about ₦3.2 trillion in the first half of 2026, according to an industry report.

While stronger construction activity has supported cement sales, the rising cost of the material is putting additional pressure on developers and individuals trying to build homes.

For many Nigerians, the problem goes beyond the price of cement. Steel, labour, transportation and other building materials have also become more expensive.

Housing developers warn that continued increases could make affordable housing even more difficult to achieve.

The situation has renewed calls for policies that will increase competition, improve local production and reduce the cost of construction materials.