Dangote Cement, BUA spend N797 billion in energy cost

Dangote Cement and BUA Cement spent a combined N797.1 billion on energy in the first nine months of 2026, marking a 6.7% increase from the previous year. Dangote Cement's fuel and power costs rose by 2.0% to N580.5 billion, while BUA Cement's energy consumption increased by 21.5% to N216.6 billion. This combined energy bill is 6.7% higher than the N747.2 billion spent by the two companies in the same period last year.

Energy costs for cement manufacturers include fuel for kiln heating and electricity for machinery such as crushers, mills, and packing plants. Nigeria's cement producers often generate their own electricity through private power plants, which is not reflected in the national grid's unreliable supply. Both Dangote Cement and BUA Cement have roughly 585MW to 625MW of nameplate capacity in Nigeria, contributing to about 13% to 14% of the grid's available capacity.

The two companies have collectively earned over N4.86 trillion in revenue for the nine months, with Dangote Cement's revenue increasing by 19.6% to N3.77 trillion and BUA Cement's revenue climbing by 26.5% to N1.09 trillion.