The revenue generated from the sales of cement in Nigeria skyrocketed in 2021 with big industry players including Dangote Cement, BUA Cement and Lafarge making huge improvements in revenue.

The huge sales in 2021 saw these three companies grow their revenues by over N1.93 trillion, according to their audited financial records.

The amount generated in 2021 is a 31.2% increase when compared to N1.47 trillion generated in 2020.

Dangote Cement, the biggest among all the industries accounted for over 71% of all the revenue made in the cement industry, raking in a whooping N1.38 trillion out of the total N1.93 trillion jointly made by the three companies.

Babatunde Tiamiyu

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