Current Cost Of Building Materials In Nigeria (Updated)
In Nigeria, the building and construction business plays a significant role in both infrastructure development and economic expansion. For both experienced builders and those starting a construction project for the first time, it is imperative to understand the current pricing of building supplies. Given the dynamic nature of the market, understanding the factors that impact these costs becomes crucial.
Nigerian infrastructure development and economic growth are significantly influenced by the building and construction industry. It’s critical to comprehend the current building supply pricing for novice and seasoned builders alike. Understanding the variables that affect these expenses becomes essential given how volatile the market is.
Due to the high cost of building supplies, many Nigerians are unable to build or purchase a home, which has slowed down the demand for housing. This has had a serious impact on Nigeria’s real estate industry, which is an essential part of the country’s economy.
The government has implemented several measures, such as decreasing import taxes on particular goods and boosting domestic manufacture, to address the exorbitant cost of building materials. To make building materials more accessible and affordable for Nigerians, however, more effort needs to be made.
Current Prices of Cement In Nigeria
For buildings to be constructed, cement is an essential ingredient. The following pricing ranges listed below correspond to a number of Nigerian cement brands:
- 50 kg of Dangote’s current cement price ranges from ₦3,500 to ₦4,500.
- 50 kg of Elephant’s current cement costs ₦4,200.
- 50 kg of Eagle cement costs ₦4,250.
- 50 kg of UNICEM’s current cement costs ₦4,200.
- 50 kg of Cellular Concrete cement costs ₦3,900.
- 50 kg of Ibeto cement costs ₦4,000.
- 50 kg of Ashaka cement costs ₦4,000.
- 50 kg of Wapco cement costs ₦4,400.
- 50 kg of Sokoto cement costs ₦4,050.
Current Prices Of Wires In Nigeria
Flexible binding wire bundles range in price from N5,300 to N6,000, while a 10 kg roll costs between N43,500 to N47,000.
whereas the cost of a bundle of solid binding wire ranges from N6,300 to N6,800, and a 10kg coil costs between N47,000 and N48,000.
Current Prices Of Tiles In Nigeria
Nigeria offers a wide range of floor and wall tiles, each with unique characteristics such as texture, size, quality, and design. The following are some instances of tiles that are commonly seen in the Nigerian market:
The current price of granite tiles in Nigeria
- 30 × 30 ranges from N6,300 to N7,500.
- 40 x 40 ranges from N6,400 to N6,800
- 30 x 60 ranges from N5,700 to N6,000.
- 60 × 60 ranges from N7,700 to N8,000.
Current price of vitrified tiles in Nigeria
300×300 pack costs N4000-5,000
450×450 pack costs N5,100-6500
Price of Polished Porcelain Price in Nigeria
- 40 x 40 costs N2,800 – N3,000
- 60 X 120 High Gloss Porcelain Slab Tiles current price costs from N4,000 – N5,500
- 300×600 Wall Porcelain Tiles cost N5,000 – N10,000
Prices Of Steel Rod In Nigeria
Steel rods are like the framework of any construction or structure. The current prices of steel rods in Nigeria are listed below:
- 1 piece of 8 mm steel rod costs between ₦700 – ₦850.
- 1 piece of 16 mm steel rod costs between ₦1,500 – ₦2,000.
- 120 pieces of 16 mm steel rod cost between ₦170,000 – ₦174,000.
- 1 piece of 12 mm steel rod costs between ₦1,100 – ₦1,500.
- 76 pieces of 12 mm steel rod cost between ₦165,000 – ₦170,000.
- A length of steel rod costs between ₦1,000 – ₦1,100.
- 42 pieces of 25 mm steel rod cost between ₦180,000 – ₦185,000.
- 1 piece of 25 mm steel rod ranged between ₦4,500 – ₦4,8000.
- 20 mm steel rod costs between ₦2,600 – ₦3,000 per piece.
- 74 pieces, or one ton, priced between ₦180,000 – ₦185,000.
- 85 pieces of 10 mm steel rod cost between ₦165,000 – ₦167,000.
- 282 pieces of 8 mm steel rod cost between ₦165,000 – ₦170,000.
- 20 m of 3.5 mm BRC Mesh costs between ₦14,000 – ₦15,000.
- 20 meters of 4.0 mm BRC Mesh cost between ₦17,000 – ₦18,000
- 4.0 mm, 25 m (BRC) costs between ₦25,000 – ₦27,000.
- Flexible binding wire rolls range in price from ₦5,000 – ₦5,500.
- 10 kg bundle of flexible binding wire costs between ₦45,000 – ₦48,000.
- Stiff binding wire costs between ₦6,000 – ₦7,000 per roll.
- 10 kg of stiff-binding wire bundle costs between ₦47,000 – ₦50,000.
The Current Price Of Concrete In Nigeria
Granite is a widely used building material in construction. The current costs for 20 tons of granite in different sizes are as follows:
- 7 tons of 1-1/4 inch gravel freight ranged from ₦33,000 – ₦37,000.
- 20 tons of granite stone dust cost between ₦50,000 – ₦55,000.
- 20-ton shipment of ¾-inch granite costs between ₦80,000 – ₦90,000.
- 20 tons of 1-inch granite shipping costs between ₦85,000 – ₦90,000.
- 20-ton shipment of ¼-inch granite costs between ₦70,000 – ₦75,000.
- 20-ton shipment of ½-inch granite costs between ₦80,000 – ₦90,000.
The Current Price Of Sands In Nigeria
The following below are the current price ranges of sharp and smooth sand in Nigeria
- One truckload of 20 tons of Sharp coarse sand costs between ₦42,000 – ₦45,000.
- one tipper of 20 tons of sharp coarse sand costs between ₦30,000 – ₦33,000
- 20 tons of Sharp coarse sand with an average silt content cost between ₦40,000 – ₦45,000 for one tipper.
- 7 tons of extremely smooth/plaster sand is between ₦25,000 – ₦28,000.
- 7 seven tons of reasonably smooth sand is between ₦18,000 – ₦20,000.
- 7 tons of sticky smooth sand is between ₦25,000 – ₦28,000.
The Current Price Of Building Blocks In Nigeria
Every building or other structure is built on blocks. Making bricks is better than buying them. You must first ascertain the cost of labor in order to calculate the cost of molding blocks. The costs of a few blocks in Nigeria are as follows:
- The price range for 9″ blocks is ₦230 – ₦270.
- The price range for 6″ vibrating blocks is ₦270 – ₦350.
- The price range for 9″ hand mold blocks is ₦270 – ₦330.
- The price of 6″ hand mold blocks ranges from ₦270 – ₦300.
The Current Price of Laterite in Nigeria
Similar to brick, laterite is a red building material made of iron and aluminum. The costs associated with this building material are as follows:
- 10 tons of extremely yellow-brown clayey price range for laterite is between ₦10,000 – ₦12,000.
- 10 tons of very clayey red range for laterite is between ₦10,000 – ₦15,000.
- 10 tons of very clayey grayish laterite price range for laterite is between ₦10,000 – ₦12,000
- 10 tons of slightly brownish yellow clayey laterite price range for laterite is between ₦10,000 – ₦12,000
- 10 tons of clay-like red price range for laterite is between ₦10,000 – ₦12,000
- 7 tons of sand crete and broken bricks price range costs between ₦17,000 – ₦18,000
- 10 tons of not very clayey whitish laterite costs between ₦10,000 – ₦12,000
- Ten tons of black soil filling sand price range from ₦9,000 – ₦11,000.
- Ten metric tons of bubbles filling material price ranges from ₦12,000 – ₦14,000.
- Ten tons of absorbent filling sand price range from ₦20,000 – ₦22,000
- 15 tons of large Boulder ranges from ₦70,000 – ₦175,000.
- 15 tons of small Boulder ranges from ₦45,000 – ₦50,000.
The Current Price Of Roofing Sheets In Nigeria
The following lists the pricing of aluminum roofing sheets in Nigeria:
- 0.45 Aluminum roofing sheets range from ₦1,550 – ₦1,700.
- 0.70 Aluminum roofing sheet ranges from ₦2,400 – ₦2,600.
- 0.90 Aluminum roofing sheets range from ₦2,700 – ₦3100.
- 0.55 Aluminum roofing sheets range from ₦1,900 – ₦2,200.
The Current Price Of Woods In Nigeria
Wood types, sizes, and prize
- Afara ¼-inch Plywood costs N2, 000 to N2,400
- Afara ½-inch Plywood costs N2,800 to N3,400
- Afara ¾-inch Plywood costs N4,900 to N5,700
- Obeche ¼-inch Plywood costs N1,500 to N1,900
- Obeche ½-inch Plywood costs N2,200 to N3,700
- Obeche ¾-inch Plywood costs N4,000 to N4,600
- Msgs ¼-inch Plywood costs N1, 600 to N2, 000
- Msgs ¾-inch Plywood costs N7, 600 to N8,200
- Resin Coated ¼-inch costs Plywood N2,400 to N2,900
- Resin Coated½-inch Plywood costs N2,900 to N3,200
- Resin Coated ¾-inch Plywood costs N3,200 to N3,600
- Veneer ¼-inch Plywood costs N2,100 to N2,700
- Veneer ½-inch Plywood costs N2,600 to N3,100
- Veneer ¾-inch Plywood costs N3,400 to N4,200
- 2×3×4 Softwood costs N100 to N200
- 2×3×12 Softwood costs N200 to N250
- 1×2×12 Softwood costs N400 to N500
- 2×2 Hardwood costs N100 to N200
- 2×3 Hardwood costs N180 to N250
- 2×4 Hardwood costs N300 to N400
- 2×5 Hardwood costs N400 to N550
- 2×6 Hardwood costs N500 to N600
- 3×4 Hardwood costs N550 to N650
The Current Price Of Window In Nigeria
Windows come in a variety of styles, including fixed, sliding, casement, and louvered windows. The following are their various lists and prices:
- 600×600 mm Aluminum-covered costs from ₦4,000 – 5,500
- 600×600 mm Bronze-glazed costs from ₦7,000 – 8,000
- 600×750 mm bronze-glazed costs from ₦7,000 – 8,000.
- 750×750 mm louvre window costs ₦1,800
- 1500×1200 mm louvre window costs ₦8,000
- 1800×1200 mm louvre window costs ₦10,000.
- 600×600 mm Aluminum-covered costs ₦3,500 – 5,000
- 600×600 mm Bronze-glazed costs ₦6,500 – 8,000
- 600×750 mm bronze-glazed costs ₦7,000 – 8,000
- 600×600 mm Aluminum-covered costs from N7,000 – N8,000
- 600×600 mm Bronze-glazed costs from ₦7,000 – 8,000
- 600×750 mm bronze-glazed costs from ₦9,000 – 10,500.
Current Prices Of Doors In Nigeria
- Domestic furniture doors cost from N5,500 to N8,200
- Flush plywood (low-density) door costs from N6,000 to 88,000
- Flush plywood (high-density) door costs from N8,500 to N12,00
- Chinese (Single) door costs from N10,000 to N20,000
- Chinese (Double) doors cost from N20,000 to N38,000
- Turkey door costs N22,000 to N33,000
- Imported Security (double) door cost N27,000 to N38,000
- Metal Security (Single) door costs N19,000 to N26,000
- Metal Security (Double) door costs N45,000 to N65,000
Current Prices Of Nails In Nigeria
- 1 pack of 3-inch concrete nails costs from N800 to N1,200
- 1 pack of 2-inch concrete nails costs from N900 to N1,200
- 1 pack of 4-inch concrete nails costs N1,000 to N1,200
- 1 bag of 2-inch nails cost N5,300 to N6,000
- 1 bag of 3-inch nails cost N5,800 to N6,000
- 1 bag of 2 ½-inch nails cost N6,000 to N6,200
- 1 bag of 1-inch nails costs N6,000 to N6,500
- 1 bag of 4-inch nails costs N6,200 to N6,500
That provides a comprehensive overview of Nigeria’s current building material prices. There might be a few little variations between what is made on the actual market, though.
These materials’ prices vary because of specific characteristics including brand, location and timing of purchase, exchange rate for imported components, and other related elements that affect the cost of the product.
Factors Affecting Nigeria’s Cost Of Building Materials
In Nigeria, a number of factors affect how much building materials cost. The following are the elements affecting the cost of building materials in Nigeria.
Foreign exchane rate: Since Nigeria imports a lot of building supplies, the exchange rate has a big impact on how much they cost. Changes in exchange rates can have a significant effect on the price of building supplies, leading to price increases or cuts.
Inflation: One major factor affecting the price of building supplies in Nigeria is inflation. The cost of building materials will increase in tandem with the overall level of prices for goods and services, leading to higher construction costs.
Transportation expenses: Building supplies need to be transported from the manufacturing or importation location to the construction site. Building material costs can be significantly impacted by transportation-related expenses, including fuel prices, infrastructure, and security.
Government policies: The price of building materials can be significantly impacted by governmental regulations such as taxes, tariffs, and restrictions. Policies that promote local manufacturing or lower taxes, on the other hand, can lower costs. For example, high taxes or tariffs on imported building materials can increase the cost of construction.
In conclusion, the price of building materials in Nigeria right now is a dynamic and complex part of the building process. Builders can effectively handle the issues by adopting strategic approaches and recognizing the aspects that influence costs. A proactive attitude, inventiveness, and flexibility are essential for ensuring construction projects are both successful and economical.