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Current Prices of Building Materials in Nigeria (September 2021) By Dennis Isong

Current Prices of Building Materials in Nigeria (September 2021) By Dennis Isong

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 Honorable 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, the Federal Government 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 THE 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

ProductsDescriptionSeptember 2021
CEMENT  
Dangote 32.5 & 42.550kg(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
Elephant50kg 50kg(600 bags=1 trailer load)-3,700.00 2,200,000.00
Eagle50kg(1 bag) 50kg(600 bags=1 trailer load)3600.00 2,100,000.00
Bua50kg(1 bag) 50kg(600 bags=1 trailer load)3,650.00 2,150,000,00
Ibeto Regular50kg(1 bag) 50kg(600 bags=1 trailer load)3,600.00 2,100,000.00
Lafarge50kg(1 bag) 50kg (600 bags =A trailer load)3,450.00 2,070,000.00
Unicem50kg.(1 bag) 50kg(600 bags =A trailer load)3,800.00 2,300,000.00
GRANITE  
¾ inch, cargo20 tonnes(1 trip)   125,000.00 – 143,000.00
½ inch, cargo20 tonnes(1 trip)   122,00.00 – 145,000.00
¼ inch, cargo20 tonnes(1 trip)   120,000.00 – 135,000.00
Granite (Stone dust).  20 tonnes. (1 trip)   96,000.00 110,000.00
ProductDescription2021( Cost=N=)
Gravel(1-¼ inch)  7 tonnes (1 trip)  45,000.00 – 60,000.00
BUILDING SAND  
 Sharp sand20 tonnes(1 trip)60,000.00- 70,000.00
Soft sharp sand20 tonnes(1 trip)90,000.00 -100,000.00
sharp sand Filling20 tonnes (1 trip)52,500.00 -60,000.00
Quarry Dust Filling20 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 laterite10 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 soil10 tonnes(1 trip)  20 tonnes(1 trip) 10,000.00 18,000.00
Fairly clayish,yellowish-brown laterite10 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  moulded300.00 280.00
Blocks(hollow sandcrete, 150mm, 6-inches)Vibrated hand  moulded280.00 250.00
Blocks225-9”(laterite, choke bricks)Vibrated. Hand  Moulded  120.00 100.00
Blocks150mm-6”(solid sandcret)Vibrated. Hand  Moulded320.00 290.00
NAILS  
1’51 Bag8,500.00
2’1 Bag6,750.00
2 1/2’1 Bag6,200.00
3’1 Bag6,000.00
4’1 Bag6,700.00
Wall nails(2’)1 Packet1,050.00
Wall nails(3’)1 Packet1,000.00
Wall nails(4’)1 Packet1,100.00
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 type11,500.00
 A roll of FLEXIBLE type10,00.00
ROOFING SHEETS  
Stone-coated roofing sheet  
Shake designShake design.(0.55mm thick)3,250.00
Roman designRoman design. (0.55mm thick) 3,250.00
Classic designClassic design. (0.55mm thick) 3,050.00
Shingle designShingle design. ( 0.55mm thick)3,250,00
Fiber Britment roofing sheets  
 Swiss roofing sheet3,500.00
Aluminum sheets (for roofing)  
METCOPPO sheet 0.55mm thickness 0.45mm thick2,350.00 1,700.00
Long span sheet0.55 mm thick 0.45mm thick2,050.00 1,500.00
Step tile sheet0.55 mm thick 0.45mm thick2,300.00 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-glazed7,500.00
 600*600 mm Aluminum-covered7,500.00
 600×750 mm bronze-glazed4,250.00
Windows (sliding)600×600 mm Bronze-glazed7,250.00
 600×750 mm bronze-glazed7,500.00
 600×600 mm Aluminum-covered 4,250,00
Windows Louvre1500*1200mm window8,000.00
 750*750mm window1,800.00
 1800*1200mm window10,000.00
ProductsDescriptionCost
DOORS  
Nigerian DoorsChinese door, single (imported)15,000.00
 Double Door imported35,000.00
 Turkey double security door (imported)27,500.00
 Imported Security Double Door55,000.00
 Low—density Flush plywood5,500.00
 Flush plywood high-density10,000.00
 Security Single door (metal)22,500.00
 Security double door (meta)30,000.00
 Domestic Furniture Doors7,000.00
China Doors  
 Watson Times Chinese Door75,000.00
 Watson Times Chinese Door (4 & 5 Feet)67,500.00
 China Steel Doors59,500.00
 China Security Door125,000.00
Turkey Doors  
   Turkey Hardwood Door77,500.00
 Turkey Laminox Door105,000.00
 Turkey Door-in Door125,000.00
 Turkey Luxury Door325,000.00
 Turkey Coco Castello Door225,000.00
   
Security Doors  
Watson Time – Chinese Security Steel Door3 feet47,500.00
 4feet47,500.00
Turkish Classic Security Door:3 feet120,000.00
 4feet130,000.00
German Armord Security Door (Iron):  3 feet160,000.00
 4 feet200,000.00
Local Metal (Steel) Security Doors:3 feet27,500.00
 4 feet34,500.00
Turkish Luxury Security Doors:3 feet260,000.00
 4 feet280,500.00
German Copper Security Door:3 feet  57,500.00
 4 feet     70,000.00
ProductsDescriptionCost (=N=)
Burglary Proof1200*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  
Hardwoods3* 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
Softwood2 * 4* 12                800.00
 2 *3 * 12                525.00
 2*2                500.00
 1*2*12            1,600.00
Ply woods  
Afara Plywood1 sheet of ½-inch           3,250.00
 1 sheet of ¼-inch           2,150.00
 1 sheet of ¾-inch–            5,250.00
Obeche Plywood1 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 Plywood1 sheet of ½-inch           2,900.00
 1 sheet of ¾-inch           3,500.00
 1 sheet of ¼ -inch           2,650.00
Veneer Plywood1 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 price30 × 30 pack          1,350.00
 40 x 40 pack          1,575.00
Unpolished Porcelain40 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.

My Name is Dennis Isong and I am a Real Estate Professional. For Reading this article to this point, I have a GIFT for YOU. DOWNLOAD FOR FREE MY NEW BOOK TITLED:Bamboozled By Some Real Estate Companies “How Some Real Estate Companies Trick You Into Buying Low-Value and Over-Priced Estate And How You Can Flip The Table in Your Favour & Enjoy Risk Free Maximum Returns Anytime,Any day”

CLICK HERE TO DOWNLOAD HERE IT FOR FREE https://landproperty.ng/free

The information in this book will help you to pick the right kind of property and nobody can trick you to buy what you do not want. This book is very concise, it was done deliberately so you can pick it up and finish reading in few minutes.

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

My Name is Dennis Isong and I am a Real Estate Professional.

For Reading this article to this point, I have a GIFT for YOU.

DOWNLOAD FOR FREE MY NEW BOOK TITLED:Bamboozled By Some Real Estate Companies “How Some Real Estate Companies Trick You Into Buying Low-Value and Over-Priced Estate And How You Can Flip The Table in Your Favour & Enjoy Risk Free Maximum Returns Anytime,Any day”

CLICK HERE TO DOWNLOAD HERE IT FOR FREE
https://landproperty.ng/free

The information in this book will help you to pick the right kind of property and nobody can trick you to buy what you do not want. This book is very concise, it was done deliberately so you can pick it up and finish reading in few minutes.

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