Presidency Applauds Lafarge Africa’s Staggering ₦133bn Q2 Profit, Hails Boost to Economy

The Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has praised Lafarge Africa Plc for its impressive financial results in the first half of 2025, describing the performance as clear evidence of the positive impact of ongoing economic reforms.....KINDLY READ THE FULL STORY HERE▶

Lafarge Africa, a major player in the cement and building solutions industry, posted strong growth across all key indicators in H1 2025. Net sales rose by 70% to ₦269 billion, driven by higher sales volumes, improved plant stability, and greater operational efficiency.

The company’s operating profit also jumped by 153%, supported by solid topline growth and cost‑saving measures. In the second quarter alone, Lafarge Africa recorded a Profit After Tax (PAT) of ₦84 billion, a 248% increase over the same period last year. Its PAT for the first half of 2025 stood at ₦133 billion.

A major driver of this surge was the relative stability of the naira, which eased the heavy foreign‑exchange losses that had previously weighed on the company.

Reacting to the results on X (formerly Twitter) on Tuesday, Onanuga said:

“Those IDP politicians will never talk about this good news on the economy. They feed on misinformation and disinformation.

But they need to understand that the surge in the stock market is driven by the rising profitability of many listed companies, proof that the economy has improved significantly under President Tinubu’s reforms.”

Onanuga’s remarks connect Lafarge Africa’s stellar earnings to the success of the administration’s policies, highlighting the company’s performance as both a signal of a healthier construction sector and a key contributor to the buoyant Nigerian stock market.

Industry watchers say that the strong results of a heavyweight like Lafarge Africa often serve as a bellwether for the broader economy.