Business
Current Prices of Building Materials in Nigeria (September 2021) By Dennis Isong
Current Prices of Building Materials in Nigeria (September 2021) By Dennis Isong
Building-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. Materials
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
| 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 |
| 4feet | 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 | |
| 1*2*12 | 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: [email protected] or Whatsapp/Call +2348164741041
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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