Dangote Cement Reports ₦384.49bn Energy Costs in 2026

Nigeria's unreliable electricity supply imposes substantial costs on businesses, extending beyond monthly power bills. Companies spend billions on energy, with Dangote Cement reporting ₦384.49bn in fuel and power costs in H1 2026, a slight decrease from ₦387.19bn the previous year.

Their revenue increased to ₦2.51tn from ₦2.07tn, with fuel and power accounting for approximately 41.6 percent of production costs. BUA Cement's energy expenditure rose by 6.2 percent to ₦135.35bn, while revenue grew to ₦728.93bn.

Beta Glass reported ₦8.01bn in energy costs in Q1 2026, down from ₦8.45bn in Q1 2025, with a revenue decline to ₦37.54bn. UAC of Nigeria saw a 170 percent increase in electricity expenses to ₦9.17bn.

Small businesses, particularly in Ado-Ekiti, face monthly generator fuel costs of ₦30,000–₦90,000, compared to ₦5,000–₦10,000 for grid electricity. Current fuel prices exacerbate these challenges, with petrol costing around ₦1,350–₦1,450 per litre.