**Nigeria's Cement Giants Smile to the Bank as Housing Crisis Deepens** With Nigeria and other Sub-Saharan African countries facing an unprecedented housing and infrastructure deficit, the country's three major cement manufacturers have reaped a massive N6.55 trillion in revenue for the year 2025. This staggering figure represents a remarkable 27 per cent increase from the N5.15 trillion recorded in 2024. The three cement giants, Dangote Cement Plc, Lafarge Africa Plc, and BUA Cement Plc, have been the major beneficiaries of the federal government's massive investment in road expansion and other infrastructure projects across the country. Their impressive revenue growth has also had a positive impact on their profit and dividend payout to shareholders. Africa's housing deficit is a dire issue, with estimates suggesting that the continent will need at least 51 million housing units to bridge the gap. By 2030, this deficit is expected to balloon to 130 million housing units. Meanwhile, the cement companies are enjoying a boom, with Dangote Cement leading the pack with a revenue of N4.31 trillion, representing a 20.28 per cent increase over the previous year. BUA Cement and Lafarge Africa also performed impressively, with revenue of N1.18 trillion and N1.07 trillion respectively, marking significant increases of 35 per cent and 53.04 per cent over 2024. Their profit before tax also skyrocketed, with Dangote Cement leading the charge with N1.5 trillion, representing a 109 per cent increase from the previous year. The growth in revenue is attributed to the expansion and hike in cement products, particularly in Nigeria. Despite predictions of a slowdown in Nigerian demand, the cement companies have continued to thrive. The global cement market is also expected to experience a surge in demand, driven by robust government spending and a recovery in housing demand. As the housing crisis deepens in Nigeria, the cement companies are making hay while the sun shines. However, it remains to be seen how the government will address the housing deficit and ensure that the benefits of the cement boom are shared equitably among all stakeholders.