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
*PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status
To prevent any misunderstanding regarding our affiliation with the United Nations, we hereby provide a formal clarification on the status and identity of the United International Peace and Governance Council (UNIPGC), formerly known as IPGC.
UNIPGC is an independent Civil Society Organization and Non-Governmental Organization with continental chapters registered in the United States, Germany, Canada, and several countries across Africa. The organization is committed to promoting the values and principles of the United Nations, particularly in advancing Sustainable Development Goal 16 (Peace, Justice, and Strong Institutions), as well as advocating for good governance globally.
In furtherance of its mandate, UNIPGC has established partnerships with reputable diplomatic civil society organizations, including the United Nations Association of Nigeria and the United Nations Association of Ghana. These collaborations are aimed at strengthening its engagement with initiatives aligned with United Nations ideals.
Additionally, UNIPGC has entered into diplomatic relations with the International Organization for Economic Development (IOED), an Intergovernmental Organization (IGO), to enhance its capacity for international cooperation and diplomatic engagement.
We wish to clearly state that UNIPGC is **not** an entity, agency, or organ of the United Nations.
Members of the public and media practitioners are respectfully advised to refer to the organization by its full and correct name: **United International Peace and Governance Council (UNIPGC)**, and not as the United Nations.
Thank you.
Business
Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour
Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour
Laffmattazz, one of Nigeria’s foremost comedy and live entertainment brands, is pleased to announce its official partnership with First Bank of Nigeria Limited for the highly anticipated Laffmattazz 2026 International Tour, themed “Next Chapter: A New Season of Laughter.”
Now in its 15th year, Laffmattazz—the brainchild of renowned Nigerian comedian Gbenga Adeyinka (Gbenga Adeyinka 1st)—has evolved into a cultural phenomenon, celebrated for its seamless fusion of comedy, music, and live stage performances.
The 2026 tour, which kicked off on Easter Sunday, April 5th, 2026 at the Jogor Centre, Ibadan, marks a significant milestone in the brand’s journey. Building on over a decade of success across Nigeria, this year’s edition signals a bold expansion into the international market, with a multi-city run in Canada, alongside major stops in Akure, Abeokuta, and Lagos.
This strategic partnership with First Bank of Nigeria Limited underscores a shared commitment to excellence and innovation. It is also aligned with FirstBank’s First@Arts initiative—a significant and ongoing program dedicated to supporting the creative arts, entertainment, and cultural sectors. Through this initiative, FirstBank provides financing, advisory services, and actively fosters a sustainable value chain for artists and creative entrepreneurs, while supporting key industry platforms such as the Nigerian Entertainment Conference.
Speaking on the collaboration, the Laffmattazz team stated:
“We are delighted to welcome First Bank of Nigeria Limited as a strategic partner for the Laffmattazz 2026 International Tour. As we mark 15 remarkable years of Laffmattazz, this partnership reinforces our vision to take premium Nigerian entertainment beyond borders, while delivering even bigger, better, and more memorable experiences for our audiences.”
As a key partner, First Bank will enrich the tour through innovative customer engagement initiatives, experiential activations, and exclusive fan experiences across all tour locations.
With its distinctive blend of humor, culture, and live entertainment, the Laffmattazz 2026 Tour is poised to connect audiences across cities and continents, bringing laughter to thousands of fans worldwide.
⸻
About Laffmattazz
Laffmattazz is a premier Nigerian comedy and entertainment brand, now in its 15th year, renowned for its vibrant live shows and nationwide tours. Founded by Gbenga Adeyinka 1st, the brand continues to deliver high-quality experiences that celebrate creativity, culture, and laughter.
About First Bank of Nigeria Limited
First Bank of Nigeria Limited is Nigeria’s oldest financial institution, widely respected for its legacy of trust, innovation, and customer-centric financial solutions that support economic growth and development. Through its First@Arts initiative, the Bank continues to play a pivotal role in empowering the creative industry and driving sustainable growth across the sector.
Business
MREIF is Better: FirstBank’s Mortgage Loan Is the Game-Changer for Home Ownership in Nigeria
MREIF is Better: FirstBank’s Mortgage Loan Is the Game-Changer for Home Ownership in Nigeria
Anyone who has tried to get a loan to buy a house in Nigeria knows the drill: endless forms, property valuation, and eventual down payment of a minimum 25% or more on the property. Sometimes, interest rates could go as high as 30% per annum, while the typical loan limit is N50 million.
Now, FirstBank is making homeownership more attractive.
FirstBank, in partnership with the Ministry of Finance Incorporated (MOFI), has introduced the MREIF Home Loan. MREIF loan is a game-changer, offering a single-digit interest rate of 9.75% per annum, with a loan amount of up to ₦100 million and a repayment period of up to 20 years. This is perfect for salaried individuals, including Nigerians in the diaspora, looking to purchase homes in approved locations.
The MREIF loan stands out with its lower interest rate, higher loan amount, and flexible equity contribution as low as 10%. This makes it an attractive option for those seeking affordable homeownership.
You are one quick decision away from being a landlord.
If you’ve been waiting for the right time to buy a home, FirstBank’s MREIF Home Loan is the smartest route to owning property in Nigeria today. Visit the FirstBank website https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ to get started.
- Çelebi Aviation Enters Kenyan Market, Accelerating Strategic Growth Across Africa April 24, 2026
- Algeria eliminates trachoma as a public health problem April 23, 2026
- Various Activities by Diaspora Eritrean Communities April 23, 2026
- Uganda: Parliament Passes Reforms to Professionalise Teaching Sector April 23, 2026
- Sierra Leone Signs Offshore Petroleum License with Marginal Energy April 23, 2026
- New strategic partnership in the Arab States region to enhance access to green finance for small and medium-sized enterprises April 23, 2026
- STUDIOCANAL announces The Road Home, a distinctly South African story, to be filmed in Cape Town April 23, 2026
- Africa Finance Corporation (AFC) Establishes Nairobi Office, Targeting Additional US$2 Billion in Regional Investments and Financial Services Solutions April 23, 2026
- Sonangol’s Kátia Epalanga to Lead Muhatu as Angola Prioritizes Inclusive Growth April 23, 2026
- Africa Strengthens Foundations to Lead Its Own Financing as Domestic Pools Surpass External Flows, Africa Finance Corporation (AFC) Report Shows April 23, 2026
- Çelebi Aviation Enters Kenyan Market, Accelerating Strategic Growth Across Africa April 24, 2026
- Algeria eliminates trachoma as a public health problem April 23, 2026
- Various Activities by Diaspora Eritrean Communities April 23, 2026
- Uganda: Parliament Passes Reforms to Professionalise Teaching Sector April 23, 2026
- Sierra Leone Signs Offshore Petroleum License with Marginal Energy April 23, 2026
- New strategic partnership in the Arab States region to enhance access to green finance for small and medium-sized enterprises April 23, 2026
- STUDIOCANAL announces The Road Home, a distinctly South African story, to be filmed in Cape Town April 23, 2026
-
news4 months agoWHO REALLY OWNS MONIEPOINT? The $290 Million Deal That Sold Nigeria’s Top Fintech to Foreign Interests
-
celebrity radar - gossips3 months agoDr. Chris Okafor Returns with Power and Fire of the Spirit -Mounts Grace Nation Altar with Fresh Anointing and Restoration Grace on February 1, 2026
-
celebrity radar - gossips6 months agoEnd of an Era: Nigeria Mourns Evangelist Dr. Uma Ukpai, 80
-
celebrity radar - gossips4 months agoProphet Kingsley Aitafo Releases 2026 Prophecy: ‘Nigeria Will Rise, but the World Must Prepare for Turbulence’