₦airaland Forum

In Nigeria, the cost of building materials has been a challenge for years, as it directly impacts the average Nigerian’s ability to afford and access decent housing. Material costs have risen significantly in recent years, creating a ripple effect in the real estate sector.

Inflation, foreign exchange rates, transportation expenses, and government policies are major contributors to the high cost of building materials in Nigeria. Additionally, the COVID-19 pandemic severely disrupted global supply chains, resulting in a shortage of raw materials that has yet to fully recover.

This rise in construction material costs has slowed housing demand, as many Nigerians cannot afford to build or buy homes. It has also significantly affected the real estate industry, a key pillar of Nigeria’s economy.

To address these challenges, measures like reducing import levies on certain materials and promoting local manufacturing have been introduced. However, more effort is needed to make building materials both affordable and accessible to the Nigerian populace. Assessing the current cost of these materials and exploring feasible cost-reduction strategies is crucial. This analysis will support real estate stakeholders, policymakers, and government authorities in making informed decisions and implementing effective solutions to tackle this issue.

Current Cost of Building Materials in Nigeria (2024)
Prices of Wires in Nigeria
A bundle of flexible binding wire costs around N5,300-6,000, whereas a 10kg roll costs around N43,500-47,000.

A bundle of firm binding wire, on the other hand, costs between N6,300 and N6,800, with a 10kg coil costing between N47,000 and N48,000.

Latest Cement Prices in Nigeria (2024)
Cement is a vital component in the construction of constructions. The following are the price ranges for several cement brands in Nigeria:
50kg-pack of Dangote cement cost ₦3,500 to ₦4,500
50kg-pack of Elephant cement cost ₦4,200
50kg-pack of Eagle cement costs ₦4,250
50kg-pack of UNICEM cement costs ₦4,200
50kg-pack of Cellular Concrete cement cost ₦3,900
50kg-pack of Ibeto cement costs ₦4,000
50kg-pack of Ashaka cement cost ₦4,000
50kg-pack of Wapco cement cost ₦4,400
50kg-pack of Sokoto cement costs ₦4,050.

Current Price of Tiles in Nigeria (Per Square Meter)
There is a large variety of floor and wall tiles available in Nigeria, each with its own texture, size, quality, and design. Here are some examples of tiles typically available in the Nigerian market:
Vitrified tiles price in Nigeria
300×300 pack cost N4000-5,000
450×450 pack cost N5,100-6500
Polished Porcelain Price in Nigeria
40 x 40 cost N2,800 – N3,000
60 X 120 High Gloss Porcelain Slab Tiles cost N4,000 – N5,500
300×600 Wall Porcelain Tiles cost N5,000 – N10,000
Granite Tiles Price in Nigeria (Per Square Meter)
30 x 30 cost M6,300 – N7,500
40 x 40 cost N6,400 – N6,800
30 x 60 cost N5,700 – N6,000
60 x 60 cost N7,700 – N8,000

Current Prices of Steel Rods in Nigeria (2024)
Steel rods are similar to the skeleton of any structure or building. The following is a list of current steel rod prices in Nigeria:
1 piece of 8 mm steel rod costs ₦700 to ₦850
1 piece of 16 mm steel rod cost ₦1,500 to ₦2,000
120 pieces (1 ton) of 16 mm steel rod cost ₦170,000 to ₦174, 000
1 piece of 12 mm steel rod cost ₦1,100 to ₦1,500
176 pieces (1 ton) of 12 mm steel rod cost ₦165,000 to ₦170,000
1 length of 10 mm steel rod cost ₦1,000 to ₦1,100
1 piece of 25 mm steel rod cost ₦4,500 to ₦4, 8000
42 pieces (1 ton) of 25 mm steel rod cost ₦180,000 to ₦185,000
1 piece of 20 mm steel rod cost ₦2,600 to ₦3, 000
74 pieces (1 ton) of 20 mm steel rod cost ₦180,000 to ₦185,000
185 pieces (1 ton) of 10 mm steel rod costs ₦165,000 to ₦167,000
282 pieces (1 ton) of 8 mm steel rod costs ₦165,000 to ₦170,000
BRC Mesh (20 m of 3.5 mm) costs ₦14,000 to ₦15,000
BRC Mesh (20 m of 4.0 mm) cost ₦17,000 to ₦18,000
BRC Mesh (25 m of 4.0 mm) cost ₦25,000 to ₦27,000
A roll of flexible Binding wire cost ₦5,000 to ₦5,500
10 kg bundle of flexible binding wire cost ₦45,000 to ₦48,000
1 roll of stiff binding wire costs ₦6,000 to ₦7,000
10 kg bundle of stiff binding wire cost ₦47,000 to ₦50, 000

Current Prices of Concretes in Nigeria (2024)
Granite is a popular building material for casting buildings. The following are the current pricing for 20 tonnes of granite in various sizes:
7 tons’ cargo of 1-1/4 inch Gravel cost ₦33,000 to ₦37,000
20 tons’ cargo of Granite stone dust cost ₦50,000 to ₦55,000
20 tons’ cargo of ¾-inch Granite costs ₦80,000 to ₦90,000
20 tons’ cargo of 1-inch Granite cost ₦85,000 to ₦90, 000
20 tons’ cargo of ¼-inch Granite costs ₦70,000 to ₦75,000
20 tons’ cargo of ½-inch Granite costs ₦80,000 to ₦90,000

Prices of Building Blocks in Nigeria (2024)
Blocks are the foundation of every building or structure. It is preferable to make bricks rather than purchase them. To determine the cost of moulding blocks, you must first determine the cost of labour. The following are the prices of several blocks in Nigeria:
9” blocks costs between ₦230 to ₦270
6” vibrated blocks cost between ₦270 to ₦350
9” hand mold blocks cost between ₦270 to ₦330
6” hand mold blocks cost between ₦270 to ₦300

Current Prices of Sand in Nigeria (2024)
Below is the price list of sharp and smooth sands in Nigeria:
20 tons of Sharp coarse sand (1 tipper) costs between ₦42,000 to ₦45,000
1 tipper of 20 tons of Sharp coarse sand that is not very silty costs between ₦30,000 to ₦33, 000
1 tipper of 20 tons of Sharp coarse sand with average silt costs between ₦40,000 to ₦45,000
7 tons of very smooth/plaster sand costs between ₦25,000 to ₦28,000
7 tons of fairly smooth sand costs between ₦18,000 to ₦20,000
7 tons of sticky smooth sand costs between ₦25,000 to ₦28,000.

Latest Prices of Laterite in Nigeria (2024)
Laterite is an iron and aluminum-based building material that is red in colour, similar to brick. The following are the pricing for this building material:
10 tons of very clayey yellow-brown Laterite costs between ₦10,000 to ₦12, 000
10 tons of very clayey red Laterite costs between ₦10,000 to ₦15,000
10 tons of very clayey grayish Laterite costs between ₦10,000 to ₦12,000
10 tons of not very clayey brownish yellow Laterite costs between ₦10,000 to ₦12,000
10 tons of not very clayey red Laterite costs between ₦10,000 to ₦12,000
7 tonnes of Broken blocks and sand Crete costs between ₦17,000 to ₦18,000
10 tonnes of not very clayey whitish Laterite costs between ₦10,000 to ₦12,000
10 tonnes of black soil Filling sand costs between ₦9,000 to ₦11,000
10 tonnes of bubbles Filling material costs between ₦12,000 to ₦14,000
10 tonnes of absorbent Filling sand costs between ₦20,000 to ₦22,000
15 tons of large Boulder costs between ₦70,000 to ₦175,000
15 tons of small Boulder costs between ₦45,000 to ₦50,000

Latest Prices of Roofing Sheets in Nigeria (2024)
Aluminum roofing sheets prices in Nigeria are highlighted below:
0.45 Aluminum roofing sheets cost between ₦1,550 to ₦1,700
0.70 Aluminum roofing sheet costs between ₦2,400 to ₦2,600
0.90 Aluminum roofing sheets cost between ₦2,700 to ₦3100
0.55 Aluminum roofing sheet cost between ₦1,900 to ₦2,200

Latest Prices of Windows in Nigeria (2024)
There are many types of windows ranging from sliding, casement, fixed, louvers windows, etc. Their prices are listed below:
Louvre Windows
750×750 mm louvre window cost ₦1,800
1500×1200 mm louvre window cost ₦8,000
1800×1200 mm louvre window cost ₦10,000.
Sliding Windows
600×600 mm Aluminum-covered cost between ₦4,000 to 5,500
600×600 mm Bronze-glazed cost between ₦7,000 to 8,000
600×750 mm bronze-glazed cost between ₦7,000 to 8,000.
Casement Windows
600×600 mm Aluminum-covered cost between N7,000 to N8,000
600×600 mm Bronze-glazed cost between ₦7,000 to 8,000
600×750 mm bronze-glazed cost between ₦9,000 to 10,500.
Fixed Windows
600×600 mm Aluminum-covered cost between ₦3,500 to 5,000
600×600 mm Bronze-glazed cost between ₦6,500 to 8,000
600×750 mm bronze-glazed costs between ₦7,000 to 8,000

Wood Prices in Nigeria
Wood Type & Size Price (NGN)
Afara ¼-inch Plywood N2, 000- N2,400
Afara ½-inch Plywood N2,800 – N3,400
Afara ¾-inch Plywood N4,900 – N5,700
Obeche ¼-inch Plywood N1,500 – N1,900
Obeche ½-inch Plywood N2,200 – N3,700
Obeche ¾-inch Plywood N4,000 – N4,600
Msgs ¼-inch Plywood N1, 600 – N2, 000
Msgs ¾-inch Plywood N7, 600 – N8,200
Resin Coated ¼-inch Plywood N2,400 – N2,900
Resin Coated½-inch Plywood N2,900 – N3,200
Resin Coated ¾-inch Plywood N3,200 – N3,600
Veneer ¼-inch Plywood N2,100 – N2,700
Veneer ½-inch Plywood N2,600 – N3,100
Veneer ¾-inch Plywood N3,400 – N4,200
2×3×4 Softwood N100 –N200
2×3×12 Softwood N200 – N250
1×2×12 Softwood N400 – N500
2×2 Hardwood N100 – N200
2×3 Hardwood N180 – N250
2×4 Hardwood N300 – N400
2×5 Hardwood N400 – N550
2×6 Hardwood N500 – N600
3×4 Hardwood N550 – N650

Different Door Prices in Nigeria
Door Types and Prices
Domestic furniture doors N5,500 – N8,200
Flush plywood (low-density) door N6,000 – 88,000
Flush plywood (high-density)door N8,500 – N12,00
Chinese (Single) door N10,000 – N20,000
Chinese (Double) door N20,000 – N38,000
Turkey door N22,000 – N33,000
Imported Security (double) door N27,000 – N38,000
Metal Security (Single) door N19,000 – N26,000
Metal Security (Double) door N45,000 – N65,000

Prices of Nails in Nigeria

https://prestigepaint.com.ng/cost-of-building-materials-in-nigeria-2024-updated/
Mynd44
Seun

You are just doing copy and paste. Cement is 8500 . Better check well

lordm:
You are just doing copy and paste. Cement is 8500 . Better check well

Immediately l read that part , l went to check the date the post was posted and l was like am l living under the rock that l don't know that the price of cement has drop drastically

I stopped reading at cement is 3500
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