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, linking the company’s growth to the impact of the administration’s ongoing economic reforms.
Lafarge Africa, one of Nigeria’s leading cement and building solutions providers, reported a remarkable 70% increase in net sales, rising to ₦269 billion. Improved sales volumes and enhanced plant efficiency largely drove this.
Even more striking was the 153% surge in operating profit, reflecting strong topline growth and streamlined operations. Profit After Tax (PAT) for Q2 2025 stood at ₦84 billion—a 248% jump from the same period in 2024—bringing total PAT for H1 2025 to ₦133 billion.
A key factor behind the boost was the relative stability of the naira, which shielded the company from the foreign exchange losses it suffered last year.
Reacting to the news on X (formerly Twitter), Onanuga criticized opposition voices, saying:
“Those IDP politicians will never talk about this good news on the economy. They feed on misinformation and disinformation.”
He further claimed that the surge in the stock market reflects the profitability of listed companies, calling it proof of the positive effects of Tinubu’s reforms.
Onanuga’s remarks tie Lafarge’s financial rebound directly to the government’s policy agenda, suggesting the company’s success is both a result and a reflection of broader economic progress.
With Lafarge Africa serving as a bellwether for Nigeria’s construction sector, its strong performance signals a potential ripple effect across the broader economy.
