There is a shortfall in the number of houses required to accommodate the teeming Nigerian Population even though the actual percentage figure needs a confirmation. However, the Federal Government through the Minister for Works and Housing, Mr. Babatunde Raji Fashola, has at least admitted that there is a shortfall when he unveiled plans currently ongoing with the Federal Ministry of Finance to address housing shortfall concerns.

The Nigerian Government, in its public pronouncements, has put the task of driving the construction industry with the private sector particularly in the housing sector. Furthermore, it has promised to support the industry with appropriate fiscal and monetary policies to drive down lending rates for all players in the industry.

The footprints of private sector in the real estate has seen a rapid increase in Nigeria since 2007 with the approval of several mass housing schemes, subsequently a lot of Nigerians especially those in paid employments entitled to a mortgage facility are involved in one housing project or the other.

This article is to put together to provide insight to house owners or potential house owners on the current prices of building materials in Nigeria to aid in financial planning.

Hike in price of building materials in Nigeria

Due to the persistent depreciation of the Naira, the cost of building materials has experienced a drastic hike between prices 2020 and 2021 especially for imported products. Other reasons that have led to the increase in cost include:

Rising inflation

High interest rate

Inefficient distribution network of materials

Poor road infrastructure for haulage

Ban on importation of cement

The table below gives cost comparison of various building materials in 2021 for selected brands as at September 2021

Products	Description	September 2021
CEMENT
Dangote 32.5 & 42.5	50kg (1 bag) 50kg (600 bags=1 trailer load)	3,800 2,250,000.00
Elephant Superset	50kg(1 bag) 50kg (600 bags=1 trailer load)	3,650,00 2,150,000,00
Elephant	50kg 50kg (600 bags=1 trailer load)-	3,700.00 2,200,000.00
Eagle	50kg (1 bag) 50kg (600 bags=1 trailer load)	3600.00 2,100,000.00
Bua	50kg (1 bag) 50kg (600 bags=1 trailer load)	3,650.00 2,150,000,00
Ibeto Regular	50kg (1 bag) 50kg (600 bags=1 trailer load)	3,600.00 2,100,000.00
Lafarge	50kg (1 bag) 50kg (600 bags =A trailer load)	3,450.00 2,070,000.00
Unicem	50kg (1 bag) 50kg (600 bags =A trailer load)	3,800.00 2,300,000.00
GRANITE
¾ inch, cargo	20 tonnes (1 trip)	125,000.00 - 143,000.00
½ inch, cargo	20 tonnes (1 trip)	122,00.00 - 145,000.00
¼ inch, cargo	20 tonnes (1 trip)	120,000.00 - 135,000.00
Granite (Stone dust).	20 tonnes (1 trip)	96,000.00 110,000.00
Product	Description	2021( Cost=N=)
Gravel(1-¼ inch)	7 tonnes (1 trip)	45,000.00 - 60,000.00
BUILDING SAND
Sharp sand	20 tonnes(1 trip)	60,000.00- 70,000.00
Soft sharp sand	20 tonnes(1 trip)	90,000.00 -100,000.00
sharp sand Filling	20 tonnes (1 trip)	52,500.00 -60,000.00
Quarry Dust Filling	20 tonnes (1 trip)	130,000.00 - 140,000.00
LATERITE SOIL
Highly clayish, red laterite soil.	10 tonnes (1 trip) 20 tonnes (1 trip)	14,000.00 22,000.00.
Highlyclayish, yellowish-brown laterite	10 tonnes (1 trip) 20 tonnes (1 trip)	12,000.00 20,000.00
Highly clayishdirty-white	10 tonnes (1 trip) 20 tonnes (1 trip)	10,000.00. 20,000.00
Fairly clayish, red soil	10 tonnes (1 trip) 20 tonnes (1 trip)	10,000.00 18,000.00
Fairly clayish, yellowish-brown laterite	10 tonnes (1 trip) 20 tonnes (1 trip)	10,000.00 18,000.00
Fairly clayish, dirty-white laterite	10 tonnes (1 trip) 20 tonnes (1 trip)	10,000.00 18,000.00
BLOCKS
Blocks225mm-9” (hollow sandcrete)	Vibrated. hand moulded	300.00 280.00
Blocks(hollow sandcrete, 150mm, 6-inches)	Vibrated hand moulded	280.00 250.00
Blocks225-9” (laterite, choke bricks)	Vibrated. Hand Moulded	120.00 100.00
Blocks150mm-6” (solid sandcret)	Vibrated. Hand Moulded	320.00 290.00
NAILS
1’5	1 Bag	8,500.00
2’	1 Bag	6,750.00
2 1/2’	1 Bag	6,200.00
3’	1 Bag	6,000.00
4’	1 Bag	6,700.00
Wall nails (2’)	1 Packet	1,050.00
Wall nails (3’)	1 Packet	1,000.00
Wall nails (4’)	1 Packet	1,100.00
STEEL RODS
	Local Rod 12mm (93 pieces)	405,000
	Local Rod 10mm (133 pieces)	410,000
	Local Rod 8mm (210 pieces)	440,000
	Local Rod 16mm (52 pieces)	405,000
	TMT tested standard iron rods 12mm (93 pieces)	420,000
	TMT tested standard iron rods 16mm (52 pieces)	420,000
	TMT tested standard iron rods 10mm (133 pieces)	420,000
	TMT tested standard iron rods 8mm. (210 pieces)	450,000
	TMT tested standard iron rods 20mm (33 pieces)	420,000
	TMT tested standard iron rods 25mm (21 pieces)	420,000
BRC MESH
	20m of 4.0mm.	17,500.00
	25m of 4.0mm.	26,000.00
	20m of 3.5mm.	14.500.00
BINDING WIRE
	A roll of STIFF type	11,500.00
	A roll of FLEXIBLE type	10,00.00
ROOFING SHEETS
Stone-coated roofing sheet
Shake design	Shake design (0.55mm thick)	3,250.00
Roman design	Roman design (0.55mm thick)	3,250.00
Classic design	Classic design (0.55mm thick)	3,050.00
Shingle design	Shingle design ( 0.55mm thick)	3,250,00
Fiber Britment roofing sheets
	Swiss roofing sheet	3,500.00
Aluminum sheets (for roofing)
METCOPPO sheet	0.55mm thickness 0.45mm thick	2,350.00 1,700.00
Long span sheet	0.55 mm thick 0.45mm thick	2,050.00 1,500.00
Step tile sheet	0.55 mm thick 0.45mm thick	2,300.00 1,600.00
WATER CLOSET SEATS
A & S		55,000.00
Nismad		62,500.00
Sweet home		62,500.00
Twyford		61,500.00
Virony		75,000.00
PRICE LIST OF WINDOWS
Windows (casement)	600*600mm Bronze-glazed	7,500.00
	600*600 mm Aluminum-covered	7,500.00
	600×750 mm bronze-glazed	4,250.00
Windows (sliding)	600×600 mm Bronze-glazed	7,250.00
	600×750 mm bronze-glazed	7,500.00
	600×600 mm Aluminum-covered	4,250,00
Windows Louvre	1500*1200mm window	8,000.00
	750*750mm window	1,800.00
	1800*1200mm window	10,000.00
Products	Description	Cost
DOORS
Nigerian Doors	Chinese door, single (imported)	15,000.00
	Double Door imported	35,000.00
	Turkey double security door (imported)	27,500.00
	Imported Security Double Door	55,000.00
	Low—density Flush plywood	5,500.00
	Flush plywood high-density	10,000.00
	Security Single door (metal)	22,500.00
	Security double door (meta)	30,000.00
	Domestic Furniture Doors	7,000.00
China Doors
	Watson Times Chinese Door	75,000.00
	Watson Times Chinese Door (4 & 5 Feet)	67,500.00
	China Steel Doors	59,500.00
	China Security Door	125,000.00
Turkey Doors
	Turkey Hardwood Door	77,500.00
	Turkey Laminox Door	105,000.00
	Turkey Door-in Door	125,000.00
	Turkey Luxury Door	325,000.00
	Turkey Coco Castello Door	225,000.00

Security Doors
Watson Time – Chinese Security Steel Door	3 feet	47,500.00
	4feet	47,500.00
Turkish Classic Security Door:	3 feet	120,000.00
	4 feet	130,000.00
German Armord Security Door (Iron):	3 feet	160,000.00
	4 feet	200,000.00
Local Metal (Steel) Security Doors:	3 feet	27,500.00
	4 feet	34,500.00
Turkish Luxury Security Doors:	3 feet	260,000.00
	4 feet	280,500.00
German Copper Security Door:	3 feet	57,500.00
	4 feet	70,000.00
Products	Description	Cost (=N=)
Burglary Proof	1200*1200mm. burglar- proof (wrought iron)	9,500.00
	1500*1200mm burglar-proof (wrought iron)	11,000.00
	900*2100mm burglar-proof (wrought iron)	13,500.00
	750×750mm burglar-proof (wrought iron)	2,100.00
	900×1200mm burglar- proof (wrought iron)	5.750.00
Wood
Hardwoods	3* 4	1,400.00
	2 * 2	525.00
	2 * 3	655.00
	2 * 4	900.00
	2 * 5	450.00
	2 * 6	1,725.00
Softwood	2 * 4* 12	800.00
	2 3 12	525.00
	2*2	500.00
	1212	1,600.00
Ply woods
Afara Plywood	1 sheet of ½-inch	3,250.00
	1 sheet of ¼-inch	2,150.00
	1 sheet of ¾-inch–	5,250.00
Obeche Plywood	1 sheet of ½-inch	3,000.00
	1 sheet of ¼-inc	1,725.00
	1 sheet of ¾-inch	4,250.00
Resin Coated Plywood	1 sheet of ½-inch	2,900.00
	1 sheet of ¾-inch	3,500.00
	1 sheet of ¼ -inch	2,650.00
Veneer Plywood	1 sheet of ½-inch	2,750.00
	1 full sheet of ¼-inch	2,850.00
	1 sheet of ¾-inch	3,750.00
	1 sheet of ¼-inch mg’s Plywood	1,800.00
	1 sheet of 3/4-inch Plywood (marine)	9,000.00
Floor Tiles
Tiles (vitrified)	30*30 pack	1,250.00
	40*40 pack	1,350.00
	30×30 pack	1,525.00
Ceramic tiles price	30 × 30 pack	1,350.00
	40 x 40 pack	1,575.00
Unpolished Porcelain	40 x 40 pack	2,750.00
	30 x 60 pack	3,375.00

Conclusion

Having a prior knowledge of cost of building materials will help when interacting with engineers, architects, professional builders, artisans and suppliers. We do hope that you did find this article useful.

•Dennis Isong helps individuals invest right in Real Estate. For questions on this article or enquiring about Real Estate Email: Dennis@Landproperty.ng or Whatsapp/Call +2348164741041

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