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

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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: Dennis@Landproperty.ng or Whatsapp/Call +2348164741041

 

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GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions

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*GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions*

By Osho Oluwatosin

The internet has literally been on ‘fire’ since Friday following the arrest of self-acclaimed Nigerian activist, Martins Vincent, also known as Very Dark Man. He was reportedly picked up by the Economic and Financial Crimes Commission (EFCC) for reasons yet unknown.

While it’s not the first time VeryDarkMan or any prominent Nigerian would be arrested by the EFCC — a government agency not under the authority of any private organization — it seems some Nigerians are passionately trying to push a narrative that his arrest was orchestrated by one of Nigeria’s biggest financial institutions, Guaranty Trust Holding Company (GTCO).

Although this narrative isn’t far-fetched — VDM had criticized the bank due to ‘mysterious’ deductions from his mother’s bank account for unjustifiable reasons. He approached the bank’s branch in Abuja to make an official complaint and, afterwards, he was picked up by the EFCC. But what many Nigerians have failed to realize is GTCO may not even be involved in his arrest.

VeryDarkMan was seen in the bank, quite alright, but in a CCTV released by the bank, he was seen moving out of the bank when he finished. He even had a celebrity moment with some of his followers who took pictures with him before he was arrested. So I’m wondering, what has GTB got to do with his arrest? That someone got knocked down by a vehicle after leaving church, does it mean the church orchestrated the accident? That someone got attacked after leaving a lecture room, does it mean the lecturer orchestrated it? That someone even got attacked in a courtroom, does it mean the judge orchestrated it? Absolutely not.

Although it would have been better if the EFCC had come out to clear the air regarding the reason for VDM’s arrest, because in the absence of information, rumours are bound to thrive. In fact, the commission should have actually released a statement regarding these rumours, not to vindicate GTB, but to keep Nigerians informed.

Let’s even think about it logically: what can warrant GTCO to order VDM’s arrest by the EFCC? Did he defraud GTCO? Did he steal from a GTB customer? Did he launder money through a GTB account? These are questions that should be asked before passing judgments. But Nigerians are always emotional when it comes to issues like this, and that’s why people who are culpable in serious crimes get away with anything as long as they get involved in charity or activism.

GTCO has been a very friendly organization, and in 2024 alone, the bank paid a record dividend of N8 per share. The bank is happy, shareholders are happy, customers are happy — who is Very Dark Man?

Osho Oluwatosin is a Nigerian journalist and writes from Lagos.

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

In February of this year, I needed to open a new bank account for salary purposes, as required by the management of the new company I had just joined.

I considered First Bank, Access Bank, and Sterling Bank. After some thought, I chose Sterling Bank—not because I found them superior—but because I believed they had fewer customers, which I hoped would save me from long queues and unnecessary delays.

I visited the Sterling Bank branch at Akowonjo to open the account. Unfortunately, the staff member who attended to me didn’t inspire confidence. She appeared distracted—smiling at her phone, clearly engrossed in a private chat—far from the level of professionalism one would expect in a bank setting. I had a feeling this would lead to problems down the line.

 

When my first salary was paid into the account, my suspicion was confirmed. Sterling Bank restricted access to my funds—I couldn’t transfer money or make withdrawals at the counter. I visited their Fatai Atere branch at Ladipo, Mushin to complain, where I was informed that the account opened for me was a “Kaikai” account—a type I had never heard of. Apparently, this account type is meant for individuals who lack the required documents during account creation. But I had submitted all necessary documents, so why was such an account opened for me?

Can We Have More Bankers Like Victoria Mulero? An epitome of 'omoluabi'

At the Fatai Atere branch, I was attended to by a remarkable banker named Victoria Mulero. She requested my NIN, which I didn’t have on me at the time. Rather than send me back home, she asked if I had a digital copy. I did, and she graciously gave me her email address so I could forward it to her. With that, she resolved the issue promptly and professionally.

However, the following month, in March, the same restriction happened again. I returned to the Fatai Atere branch, and once again, Victoria Mulero handled my complaint with efficiency and kindness, resolving it without delay.

I hoped the matter was finally settled, but when my April salary arrived, the restriction was imposed yet again. This time, I was beyond frustrated and ready to replace Sterling Bank as my salary account. Still, I visited the Fatai Atere branch one last time. Once more, Victoria Mulero resolved the issue with grace and determination.

This write-up is a tribute to Victoria Mulero of Sterling Bank, Fatai Atere branch. She is a rare gem—respectful, diligent, and genuinely customer-focused. She went above and beyond, following up with the Akowonjo branch through calls and emails until the matter was fully resolved. She handled every situation with patience and empathy, treating the job as if the bank belonged to her family.

To be honest, I’ve had unpleasant experiences with many bankers, especially female staff. Too often, they carry personal frustrations into the banking hall and take it out on customers. But Victoria is different. She exemplifies what true customer service should be.

We may not all be the same, but treating people with respect and kindness is a skill that can be learned—and Victoria clearly has. Let’s celebrate her for being a model professional and a beacon of hope in an industry that too often lacks empathy.

Without any fear of contradiction, I say boldly that Victoria Mulero is a good ambassador of Sterling Bank and her parents too deserve encomium for raising a well trained daughter and impacting an attitude of ‘ omoluabi’ in her. We need more of Victoria Mulero in our banking industry.

Seun Jacob Ogunbiyi
Known as Olùkọ́, the therapeutic writer and Lagos based journalist

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Air Peace Airlines’ failure to adhere to scheduled departure times results in prolonged delays …causing undue hardship for Nigerians on board

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Air Peace Airlines' failure to adhere to scheduled departure times results in prolonged delays ...causing undue hardship for Nigerians on board ~Oluwaseun Fabiyi

Air Peace Airlines’ failure to adhere to scheduled departure times results in prolonged delays
…causing undue hardship for Nigerians on board

~Oluwaseun Fabiyi

Traveling is undoubtedly the most effective form of education, enabling individuals to observe human quirks from diverse perspectives

On Saturday, 3rd May 2025, an Air Peace Airlines flight from Akure Airport was delayed, causing undue inconvenience to a Nigerian traveller and a prominent Nigerian man of God, an unfortunate incident that befell the nation’s citizens

Does Nigerian law consider it a criminal offense for travelers to book flights with Air Peace, a leading Nigerian airline, instead of other airlines that fail to depart on schedule, such as remaining at 10am instead of departing at 10am? Certainly, some Nigerian citizens may opt to travel with airlines like Arik, Aero, Dana, rather than Air Peace.

Air Peace Airlines' failure to adhere to scheduled departure times results in prolonged delays
...causing undue hardship for Nigerians on board
~Oluwaseun Fabiyi

It is evident that many Nigerians actually believe Air Peace airline came to rescue Nigerians from the subpar fly-and-die experience of other airlines, such as Dana, which is why many have fallen in love with Air Peace Airlines’ domestic operations

 

Air Peace Airlines’ decision to reschedule a 12:00 flight from Akure in Ondo State to 3:00 on Saturday, 3rd May 2025, has been met with disappointment from some affected Nigerian passengers, who deem this change unreasonable and unjustified.

Nigeria is hindered by self-imposed challenges that impede our collective advancement. I remain optimistic that future leadership will emerge, focusing on nuanced details that cumulatively enhance the lives of citizens, including access to housing, affordable food, petrol, quality healthcare, and a decent standard of living. The fact that we produce rice, only to have its price inflated by some, thereby rendering it unaffordable, is a pressing concern

It is baffling to me why some people or airlines deliberately provide poor services, causing undue hardship for their passengers, without taking the courtesy to apologize

How can passengers ensure they arrive at Akure Airport by 10 a.m. to catch a 12 p.m. flight from Akure to Lagos and complete check-in as usual

Only for them to fall victim to an extremely harrowing experience. The first indication was the outrage of a passenger at the Nigeria Air Peace counters. He yelled at the ticketing officials that his time had been wasted by three hours and demanded to be refunded his money, as his business was equally affected.

The scene was remarkably congested, and indeed there was an exceedingly large number of passengers traveling to Lagos on this particular Air Peace flight.Which none of them can comprehend what could cause a delay from 12 O’clock to 3:15 pm, without considering individuals with an assignment or occasion in Lagos, is so crazy and devastating.

*How Passengers suffer through endless delays waiting for Air Peace aircraft.*

Accordingly, they embarked on an extended wait after Air Peace notified them that the flight had been postponed by an hour. Ultimately, the delay proved to be three hours, with the flight arriving at 3:30 pm, followed by the commencement of boarding procedures

On a final note the Nigerian aviation industry, including airlines, can certainly improve their treatment of fellow Nigerians

Onboard passengers display concern and raise eyebrows.

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