TOP 3 CEMENT COMPANIES IN NIGERIA
Cement is one of the most important building materials in Nigeria. It is used to construct everything from homes to roads and hospitals. The industry is growing rapidly and there is a huge demand for cement. This is why it is important to choose the right cement company. In this post, we will discuss the top three cement companies in Nigeria. We will also provide you with a summary of their operations and how they can help you achieve your construction goals.
Over the years, cement industries in Nigeria have massively grown moving from import dependency to an export center.
Presently in West Africa, Nigeria is the largest producer of cement with about 12 registered cement companies in the country.
The cement companies in Nigeria have positively impacted the economy of the country and also to the economy of West Africa at large.
The presence of raw materials for cement production in Nigeria is also an added advantage to companies that produce cement in the country.
In this article we shall take a look at some of the top cement companies in Nigeria.
Why are cement companies in Nigeria important?
The cement companies in Nigeria are very important because they play a vital role in the construction industry. Cement companies in Nigeria produce and market cement products that are used in the construction of buildings, roads, ports, and other infrastructure projects. They also provide cement for the repair and maintenance of roads and bridges. Furthermore, the cement companies in Nigeria supply aggregates, Ready Mixed Concrete (RMC), construction sand, and other construction materials to the construction.
What are the challenges of working for a cement company in Nigeria?
Working for a cement company in Nigeria can be a rewarding experience, but it also comes with a number of challenges. Here are three of the most common ones:
1. Infrastructure problems: Many cement companies in Nigeria do not have the necessary infrastructure to support their business. This can include a lack of storage facilities, plants, and other necessary equipment. This can lead to shortages of raw materials, which in turn can lead to delays in the delivery of products to customers.
2. High cost of production: Producing cement in Nigeria is expensive, and this is especially true for smaller companies. This is because of the high cost of raw materials and the need to pay high wages to skilled workers.
3. Corruption: There is a high level of corruption in Nigeria, and this can have a negative impact on the cement industry. This includes bribery of government officials, extortion by business owners, and the theft of raw materials.
By understanding these three common challenges, cement companies can better prepare themselves for the challenges that lay ahead.
How to become a CEO for a cement company in Nigeria?
Becoming a CEO for a cement company in Nigeria can be a very lucrative opportunity. However, it is not an easy task. You will need to have a great business plan, be able to execute it well, and have the right skills.
The first thing you will need to do is have a great business plan. You need to know exactly how much cement you will need to produce each year, what your marketing and sales tactics will be, and what your costs will be. You will also need to decide which markets you want to focus on.
Next, you will need to be able to execute your plan well. You will need to be able to manage your finances well, have a good marketing team, and be able to keep your employees happy. You will also need to be able to handle customer complaints and keep your products on schedule.
Finally, you will need to have the skills necessary to be a successful CEO for a cement company in Nigeria. You will need to be able to lead a team, have good communication skills, and be able to handle difficult situations.
CEMENT COMPANIES IN NIGERIA
- Dangote Cement Plc
Dangote cement Plc was founded in 1992 by Aliko Dangote. It’s headquarter is located in Lagos Nigeria.
The company is a sub-saharan African company with a production capacity of over 48 million tonnes yearly. It is the largest producer of cement in Nigeria and also in West Africa.
Dangote company was founded in Obajana, Kogi state and was formerly called Obajana cement Plc until July 2010 when it was changed to dangote cement Plc.
Between 2007 and 2012, the chairman and owner of the company, Alhaji Aliko Dangote, has invested over US$ 6.5 billion into the company.
The company established a cement plant worth about $1 billion in 2012, in Ibese, Ogun state.
It was installed by the Chinese construction and engineering firm Sinoma, and it is one of the largest non-oil investments in Nigeria
The cement plant that was established there has the capacity of producing 6 million metric tonnes of cement yearly, raising the company’s total production by 40 percent as at that time.
The company also has some plants in Gboko, Benue state, which has a capacity of 4 million tonnes per year, another plant in Senegal, Tanzania and Ethiopia.
- BUA Group
BUA group is another multi-purpose firm in Nigeria with a strong capability in the production of cement. Among the many things they are known for such as sugar, real estate and others, cement production is one of the main ventures of the firm.
BUA group was founded by Abdulsamad Rabiu, a Nigerian business active in sugar refining, real estate, agriculture, and cement production.
BUA group has three major cement plants which are located in the northern and southern part of Nigeria which has the capacity to produce several grades of cement that are needed in the local and international markets
The company is the second largest producer of cement in the north western part of Nigeria and is committed in expanding its marks within and outside the shores of Nigeria.
BUA Group consolidated all of its cement operations in 2020 and listed BUA Cement Plc on the Nigerian Stock Exchange with a total combined installed capacity of 8 million mtpa and a market capitalization of US$3.3bn.
- Lafarge Africa Plc
Lafarge Africa Plc is one of the leading cement companies in Nigeria. It is a member of the Holcim group and produces varieties of construction solutions such as concrete, aggregates, mortar and cement that are designed to meet housing and construction needs.
It was formally established in 1959 as a joint venture between the United Africa company of Nigeria, Blue Circle and the Western regional government in Nigeria but began operation in 1961.
The firm has several plants across the country, which includes cement plants in Ewekoro and Sagamu, South-West, Nigeria, in Mfamosing in the South and Ashaka in the North-East of Nigeria
Lafarge Africa Plc presently has an installed cement production capacity of 10.5MTPA.
Dangote Cement is regarded by many cement users as the best cement in Nigeria.
However, it is not to rule out the fact that all other cement companies are too notch too.
The cement industry in Nigeria is thriving both locally and internationally with over 6 billion revenue in H1 2022 from N146. 02 billion recorded in H1 2021 and millions of metric tonnes of cement being exported to other countries annually.
The dominance of the cement industry in Nigeria is not just only yielding more revenues for the country but is also paving ways for small and medium scale businesses in Nigeria to grow.
We hope you enjoyed our article on the top 3 cement companies in Nigeria. We know that cement is a key ingredient in many people’s lives, and we wanted to help you learn about the best companies to choose from. We are confident that you will find one of these companies to be a great fit for your needs. Thank you for reading, and we hope that you have a great day!