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Cost Of Building Materials In Nigeria – NEWLY Updated PRICES !

Cost Of Building Materials In Nigeria – Newly Updated PRICES !

In Nigeria, approximately 1,000,000 buildings are being erected annually, and the price of constructing these buildings increases as the year progresses because of the thriving cost of building materials.

And these building materials can be naturally occurring or man-made.

Natural occurring building materials include: clay, sand, and woods.

The man-made building materials are often produced from these naturally occurring materials for instance building materials like cement comes from clay and sand, doors from woods.

Over time modernization has come in play and this has brought about the development of modern buildings requiring an excellent proportion of man-made materials to construct.

This article titled “the cost of building materials in Nigeria” is meant to point out the statistics, factors, and principles associated with the cost of building materials in order to help anyone looking for information on the cost of building materials in Nigeria.

Prospective landlords, structure builders and foreign residents who wish to construct a building in Nigeria can utilize this article to get data/information on how much it will cost to erect houses and structures in Nigeria.

The list below shows the cost of major building material in Nigeria.

 

  1. CEMENT

CEMENT REALESTATEKO.COM

When it involves building materials, cement is one of the foremost used substances. It is a fine-grained substance that possesses adhesive properties and may be used once mixed with water.

In Nigeria, the various brands of cement include: Dangote cement, Elephant cement, Eagle cement, Ashaka cement and so on. Out of which Dangote cement is that the most used.

Below are the costs of 1 bag(50 kg) cement in Nigeria according to their various brands:

  • 50 kg Of Dangote Cement- #2500 to #2800
  • 50 kg Of Eagle’s Cement- #2,550
  • 50 kg Of Cellular Concrete Cement- #,1800
  • 50 kg Of Elephant Cement- #2,500
  • 50 kg Of Ibeto Cement- #1,500
  • 50 kg Of Ashaka Cement- ₦1,550
  • 50 kg of Wapco Cement- #1,600
  • 50 kg Of Sokoto Cement- #1550

 

  1. STEEL IRON RODS.

IRON STEEL REALESTATEKO.COM

Steel rods are among the most common materials employed in the construction of buildings. They are used in holding a building together by giving it stiffness, hardness, and strength. They occur in different sizes and types, according to their function and the area of the building they are to support.

Steel rods are among the foremost common materials utilized in the construction of buildings. They are used in holding a building together by giving it stiffness, hardness, and strength. They occur in several sizes and kinds according to their sizes and the part of the building they’re to support.

Below are the current costs of steel rods sold in Nigeria:

  • 16 millimeter steel rod (1ton/ twenty pieces)– #170,000 — #174, 000
  • 12 millimeter steel rod(1 piece)– #1,100 –#1,500
  • 12 millimeter (1 ton/176 pieces)– #165,000 — #170,000
  • 10 millimeter steel rod(1 whole length)– #1,000 — #1,100
  • 10 millimeter steel rod(1 ton/185 pieces)- #165,000 — #167,000
  • 8 millimeter rod(1 piece) — #700 — #850
  • 8 millimeter steel rod(1 ton/282 pieces) — #165,000 — #170,000
  • 25 millimeter unit steel rods, (1 piece) — #4,500 — #4, 800
  • 1 ton (42 pieces) of twenty-five millimeters — #180,000 — $185,000
  • 20 millimeter unit steel rod(1 piece) — #2,600 — #3, 000
  • 1 ton (74 pieces) of twenty millimeter steel rods — #180,000 — #185,000
  • 16 millimeter steel rod(1 piece)– #1,500 — N2,000
  • A roll of versatile binding wire- #5000 to #5500
  • A roll of stiff binding wire- #6000 to #7000
  • 20 m of 4.0 millimeter RBC mesh- #17000 to 18000
  • 25 m of 4.0 millimeter RBC mesh- #25,000 to #27,000

 

  1. GRANITES

Granite images REALESTATEKO

Granite is often severe in look and it’s been discovered to be among the foremost building material in the market of stone over the world. It is utilized in building construction likewise within the construction of roads.

Below are the costs of granites according to their tons and size:

  • 30 tons lading of 3/4 inch. Granite costs- #120,000 to #130,000
  • 30 tons lading of one inch. Granite- #120,000 to #127,500
  • 30 heaps of 1/4 in. Granite- #105,000 to #112,500
  • 30 heaps of stone dirt Granite- #75,000 to #82,500
  • 7 heaps of 1-1/4 Gravel- #49,750 to #55,500

 

  1. SAND

SAND - REALESTATEKO.COM

Sand is among the obligatory and customary building materials. In the building of traditional/olden homes sand is being used and also in today’s world, one can’t talk about the development of modern buildings without sand being mentioned. It provides strength and stability to buildings and is commonly mixed with cement and water to produce building blocks.

SHARP SAND(HIGH SILTY)

  • 20 tons(1 trip)- #42,000 to #45,000

SHARP SAND(MODERATELY SILTY)

  • 20 tons(1 trip)- #35,000 to 40,000

SHARP SAND(FAIRLY SILTY)

  • 20 tons(1 trip)- #33,000 to 35,000

SMOOTH SAND(VERY CLEAN)

  • 7 tons(1 trip)- #10,000 to #22,000

 

  1. LATERITE

REALESTATEKO.COM LATERITE

These are gravel-like soil that ranges from red yellowish-brown and dull white/grey in colouration.

Their price ranges in Nigeria are as follows:

LATERITE(HIGHLY CLAYEY, RED)

  • 10 tons(1 trip)- #10,000 to #15,000

LATERITE(HIGHLY CLAYEY, YELLOWISH-BROWN)

  • 10 tonne(1 trip)- #10,000 to #12,000

LATERITE(HIGHLY CLAYEY, GREY)

  • 10 tonne(1 trip)- #10,000 to #12,000

LATERITE(FAIRLY CLAYEY, RED)

  • 10 tons(1 trip)- #10,000 to #12,000

LATERITE(FAIRLY CLAYEY, YELLOWISH-BROWN)

  • 10 tons(1 trip)- #10,000 to #12,000

LATERITE(FAIRLY CLAYEY, DIRTY-WHITE)

  • 10 tons(1 trip)- #10,000 to #12,000

 

  1. BLOCKS

cost of blocks in Nigeria

Blocks can either be created by building constructors in the course of building creation utilizing concrete, water, and sand or purchased from the building material market.

It is the essential and primary material out there when it comes to building materials. Without the utilization of blocks, a building can’t stand.

Block gives a building structure it’s shape and firmness.

Here are the kinds of blocks and the prices they are being sold for in Nigeria:

HOLLOW CONCRETE BLOCKS:

  • 6 Inches Vibrated #150 to #180
  • 6 Inches Handmade #120 to #150
  • 9 Inches Vibrated #130 to #180
  • 9 Inches Hand made #130 to #150

SOLID CONCRETE BLOCKS

  • 6 Inches Vibrated #160 to #210
  • 6 Inches Hand made #130 to #170
  • 5 Inches Vibrated #120 to #150
  • 5 Inches hand made #100 to #150

 

  1. DOORS

REALESTATEKO.COM DOORS

Doors are used to beautify houses, they also serve as a source of security and privacy. They are used in demarcating the different sections of a building. The prices of doors vary according to the types.

Here are the costs of doors being sold in Nigeria:

 

FLUSH plyboard

  • Low-density door– #5,000 to #6,000
  • High-density door — #9,000 — #11, 000

METAL SECURITY

  • Single door- #20,000 to #25,000
  • Double door- #25,000 to #35,000

IMPORTED DOORS

  • Imported single door (from China) — #12,000 to #18,000
  • Imported double door (from China) — #30,000 — N40,000
  • Imported door (from Turkey)- #25,000 to #30,000
  • Imported security double door- #50,000 to #60,000
  1. PAINT

cost of paint in nigeria

Paints are used to beautify buildings. It is a liquid that is used to add colour to the surface of a structure when applied. It serves as a source of protection to all sorts of building structures, as it protects buildings from the adverse effects of water and sun.

In Nigeria, there are many types of building paints, out of which three are well known; Dulux, Berger, and Meyer with Dulux paint being the most used in Nigeria.

Below is a list showing the various brands of paints and their prices in Nigeria. All the prices are for 20litres paint.

DULUX PAINT

  • White paint- #18,550
  • Colored paint- #16,700

BERGER PAINT

  • White Paint- #17,900
  • Colored Paint- #16,400

MEYER PAINT

  • White paint- #13,654
  • Colores paint- #13,500

EAGLE PAINT

  • White paint- #7,000
  • Colored paint- #6,500

PRESIDENT PAINT

  • White paint- #6,500
  • Colored paint- # 5,000

SACLUX PAINT

  • White Paint- #3,000
  • Colored Paint- #5,000

SANDTEX PAINT

  • Colored paint- #14,000
  • White paint- #9,000

SILKA PAINT

  • Colored Paint- #12,000
  • White Paint #7,000

IMPORTANT FACTORS AFFECTING THE COST OF BUILDING MATERIALS IN NIGERIA

The cost of building materials is affected by a variety of factors and it is noteworthy to look into these factors.

Some factors that influence the cost of building materials in Nigeria are: Location, Inflation/Recession, Cost of production, Power of demand & supply, Transportation, Brand, Wholesaler/Retailer factor.

LOCATION

This is a major factor that influences the price of building materials. Products are known to be sold at a higher rate in some locations in Nigeria than others. A trip of smooth white sand in Delta state costs #9000 to #10,000 and this can be linked to the fact that Delta state is a river line area and the accessibility to smooth sand is easy plus the number of persons in sand retailing business is much compared to other locations.

 

In Northern Nigeria smooth white sand is also being sold in such price range as Delta state, since the population of people acquiring modern buildings is few and products in the north are generally known to be cheaper than other areas subsequently prices of building materials here are also low.

And in the southwestern part of Nigerian, white smooth sand is being sold between the range of #10,000 to #14,000 in States like Ogun and Ekiti. But in Lagos state, the same smooth white sand sells at a rate of #20,000 to #22,0000 and up to #27,000 in some areas of Lagos due to the fact that Lagos is the most populated state in Nigeria.

INFLATION/RECESSION

Inflation is the steady rise of goods, products, and services. When the price of goods in the country gets high, it is only normal that building material will increase as well.

Recession, on the other hand, is a general slowdown in the overall economic activity and is registered as a drop in GDP. In 2014, before Nigeria has it’s 2016 to 2017 recession, $1 was to equivalent #180 but after the recession, $1 became equivalent to #350-#370

To buy an imported building material of $100, a Nigerian would spend #18,000 in 2014 but right now in 2020 such building material will cost #35,000 or more.

COST OF PRODUCTION

This focuses on how much it costs to provide the labor/manpower employed during production.

The monetary cost use for producing these raw materials variably affects the price.

For example: In the production of cement, primary materials of sand, clay, and water are required and an increase in these primary materials consequently affects the cost of cement. Also in the production of doors, there is a need for primary materials (steel and woods) and likewise, the production of building blocks employs the utilization of cement as a primary material raw material. And the cost of getting these raw materials affects the subsequent price of building raw materials.

POWER OF DEMAND AND SUPPLY

This is a major factor that doesn’t only affect building materials but all products.

During festive seasons acquiring building materials is more expensive because producers, wholesalers, and retailers all wants to make huge profit for the celebration of the festive season and it’s also a common norm in Nigeria that building raw materials usually skyrocketed during this period.

Also in locations like Lagos and Abuja building materials are more expensive because the demand for them in such locations is high as everyone wants to own a house. As housing is a good investment, a standard flat in Lagos costs #750,000 to #1,000,000 naira per annual whereas, in locations like Benin, Warri, and Aba, a standard flat goes for #250,000 to #300,000.

TRANSPORTATION

This talks about the amount it cost to transport goods to the site of construction. Building construction sites close to the raw materials industry /depot require fewer expenses to one with a great distance between the construction site and raw materials industry/depot.

Foreign raw materials are more expensive because of the high amount it requires to get them into the country (the shipping fee paid).

BRANDS

Some brands of building materials have been known to be better than others. The most used cement in Nigeria is Dangote cement and despite its high rate people keep patronizing it more than other brands of cement because it has been proven to be better and durable than others. For this same reason, the likes of Dulux, Meyer and Berger paint are more patronize than other paint brands in Nigeria.

WHOLESALERS/RETAILERS FACTOR

Due to the greed of making more profits some wholesalers and retailers market their products at a fairly high rate different from the normal market price. This is why it’s advisable for any builder/building constructor to have an idea of the various prices of building raw materials before going to the market for purchase.

 

IN CONCLUSION

Nigeria is located in the Western part of Africa and is the most populated country in Africa with a total population of roughly 195 million residents and every year, it is said that the country’s population increases by the addition of 5million individuals

With the growing increment of Nigeria’s population, there’s a continuing need for good housing and with the advent of modern buildings, man-made raw materials are utilized to construct these buildings and these materials have their numerous costs and usually, as the year progresses so does the cost of building materials increase likewise the necessity for it.

The cost of building materials in Nigeria however, is not fixed but this article has been able to show the possible prices of building materials in the year 2020. By discussing the unending need of building raw materials, prices, and factors associated with their varying costs.

Builders/building contractor can be able to draw out a plan on how they can utilize their funds and get their desired building materials at a fair cost.

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