Lead Capital just prepared a wonderful report on the Cement Industry in Nigeria. They provide an analysis of the industry explaining the challenges and opportunities within the industry. They author also provides recommendation on some of the stocks.

Here are some highlights:

1. There is the problem of demand vs supply inequality. Supply has not been able to meet the ever growing demand.
2. Local production has remained at 50% of installed capacity with an annual growth rate of 3%.
3. A major challenge facing the industry is the lack of sufficient funding to carry out operations on a large scale.
4. The industry has the potential to contribute to the larger economy as it can be a major employer of skilled and unskilled labour, a vehicle for foreign direct investments, and a tool for infrastructural development.
5. WAPCO has the largest market share with 55% of the market, Ashaka Cement with 31%, and CCNN and BCC with 14% of the market.
6. Nigeria’s cement consumption is one of the lowest in Africa.

Download the report here: [Download not found]