{"id":6125,"date":"2023-10-17T13:53:32","date_gmt":"2023-10-17T13:53:32","guid":{"rendered":"https:\/\/sterlinghomesltd.com\/?p=6125"},"modified":"2023-11-03T13:54:13","modified_gmt":"2023-11-03T13:54:13","slug":"cost-of-building-materials-in-nigeria-in-2023-a-comprehensive-guide","status":"publish","type":"post","link":"https:\/\/sterlinghomesltd.com\/cost-of-building-materials-in-nigeria-in-2023-a-comprehensive-guide\/","title":{"rendered":"Cost of Building Materials in Nigeria in 2023: A Comprehensive Guide"},"content":{"rendered":"<p>For many years, the cost of building materials in Nigeria has been a source of concern due to its direct impact on housing affordability and accessibility for the average Nigerian. In recent years, the cost of building materials has surged, significantly affecting the real estate industry. Several factors, including inflation, foreign exchange rates, transportation costs, and government policies, contribute to the high costs. The COVID-19 pandemic has also disrupted global supply chains and caused raw material shortages, further driving up prices.*<\/p>\n<p>&nbsp;<\/p>\n<p>This increase in construction material prices has led to decreased demand for housing, as many Nigerians can no longer afford to build or purchase homes. This, in turn, has had a significant impact on the Nigerian real estate sector, which is a vital component of the economy. The government has taken certain initiatives to alleviate the high cost of building materials, such as reducing import levies on specific commodities and promoting local manufacturing. However, more efforts are needed to make building materials more affordable and accessible to Nigerians.<\/p>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-6127\" src=\"https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials-640x338.jpeg\" alt=\"\" width=\"640\" height=\"338\" srcset=\"https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials-640x338.jpeg 640w, https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials-768x406.jpeg 768w, https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials-320x169.jpeg 320w, https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials.jpeg 1080w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><b>Current Cost of Building Materials in Nigeria (2023)<\/b><\/p>\n<p>&nbsp;<\/p>\n<p>Prices of Wires:<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0\u00a0A bundle of flexible binding wire: N5,300 &#8211; N6,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a010kg roll of flexible binding wire: N43,500 &#8211; N47,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0A bundle of firm binding wire: N6,300 &#8211; N6,800<\/li>\n<li aria-level=\"1\">\u00a0\u00a010kg coil of firm binding wire: N47,000 &#8211; N48,000<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Latest Cement Prices<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0\u00a0Dangote cement (50kg-pack): N3,500 &#8211; N4,500<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Elephant cement (50kg-pack): N4,200<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Eagle cement (50kg-pack): N4,250<\/li>\n<li aria-level=\"1\">\u00a0\u00a0UNICEM cement (50kg-pack): N4,200<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Cellular Concrete cement (50kg-pack): N3,900<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Ibeto cement (50kg-pack): N4,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Ashaka cement (50kg-pack): N4,000<\/li>\n<li aria-level=\"1\">Wapco cement (50kg-pack): N4,400<\/li>\n<li aria-level=\"1\">Sokoto cement (50kg-pack): N4,050<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Current Price of Tiles (Per Square Meter)<\/p>\n<ul>\n<li aria-level=\"1\">Vitrified tiles\n<ul>\n<li aria-level=\"2\">300&#215;300 pack: N4,000 &#8211; N5,000<\/li>\n<li aria-level=\"2\">450&#215;450 pack: N5,100 &#8211; N6,500<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">Polished Porcelain\n<ul>\n<li aria-level=\"2\">40&#215;40: N2,800 &#8211; N3,000<\/li>\n<li aria-level=\"2\">60&#215;120 High Gloss Porcelain Slab Tiles: N4,000 &#8211; N5,500<\/li>\n<li aria-level=\"2\">300&#215;600 Wall Porcelain Tiles: N5,000 &#8211; N10,000<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">Granite Tiles:\n<ul>\n<li aria-level=\"2\">30&#215;30: N6,300 &#8211; N7,500<\/li>\n<li aria-level=\"2\">40&#215;40: N6,400 &#8211; N6,800<\/li>\n<li aria-level=\"2\">30&#215;60: N5,700 &#8211; N6,000<\/li>\n<li aria-level=\"2\">60&#215;60: N7,700 &#8211; N8,000<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Current Prices of Steel Rods:<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0\u00a08 mm steel rod: N700 &#8211; N850<\/li>\n<li aria-level=\"1\">\u00a0\u00a016 mm steel rod: N1,500 &#8211; N2,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a012 mm steel rod: N1,100 &#8211; N1,500<\/li>\n<li aria-level=\"1\">\u00a0\u00a010 mm steel rod: N1,000 &#8211; N1,100<\/li>\n<li aria-level=\"1\">\u00a0\u00a025 mm steel rod: N4,500 &#8211; N4,800<\/li>\n<li aria-level=\"1\">\u00a0\u00a0BRC Mesh (20 m of 3.5 mm): N14,000 &#8211; N15,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0BRC Mesh (20 m of 4.0 mm): N17,000 &#8211; N18,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0BRC Mesh (25 m of 4.0 mm): N25,000 &#8211; N27,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Roll of flexible Binding wire: N5,000 &#8211; N5,500<\/li>\n<li aria-level=\"1\">\u00a0\u00a010 kg bundle of flexible binding wire: N45,000 &#8211; N48,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Roll of stiff binding wire: N6,000 &#8211; N7,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a010 kg bundle of stiff binding wire: N47,000 &#8211; N50,000<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-6127\" src=\"https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials-640x338.jpeg\" alt=\"\" width=\"640\" height=\"338\" srcset=\"https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials-640x338.jpeg 640w, https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials-768x406.jpeg 768w, https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials-320x169.jpeg 320w, https:\/\/sterlinghomesltd.com\/wp-content\/uploads\/2023\/11\/Building-Materials.jpeg 1080w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Current Prices of Concretes:<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0\u00a01-1\/4 inch Gravel (7 tons&#8217; cargo): N33,000 &#8211; N37,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Granite stone dust (20 tons&#8217; cargo): N50,000 &#8211; N55,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0\u00be-inch Granite (20 tons&#8217; cargo): N80,000 &#8211; N90,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a01-inch Granite (20 tons&#8217; cargo): N85,000 &#8211; N90,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0\u00bc-inch Granite (20 tons&#8217; cargo): N70,000 &#8211; N75,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0\u00bd-inch Granite (20 tons&#8217; cargo): N80,000 &#8211; N90,000<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Prices of Building Blocks:<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0\u00a09&#8243; blocks: N230 &#8211; N270<\/li>\n<li aria-level=\"1\">\u00a0\u00a06&#8243; vibrated blocks: N270 &#8211; N350<\/li>\n<li aria-level=\"1\">\u00a0\u00a09&#8243; hand mold blocks: N270 &#8211; N330<\/li>\n<li aria-level=\"1\">\u00a0\u00a06&#8243; hand mold blocks: N270 &#8211; N300<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Current Prices of Sand:<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0Sharp coarse sand (1 tipper &#8211; 20 tons): N42,000 &#8211; N45,000<\/li>\n<li aria-level=\"1\">\u00a0Sharp coarse sand (1 tipper &#8211; 20 tons, not very silty): N30,000 &#8211; N33,000<\/li>\n<li aria-level=\"1\">\u00a0Sharp coarse sand (1 tipper &#8211; 20 tons, average silt): N40,000 &#8211; N45,000<\/li>\n<li aria-level=\"1\">\u00a0Very smooth\/plaster sand (7 tons): N25,000 &#8211; N28,000<\/li>\n<li aria-level=\"1\">\u00a0Fairly smooth sand (7 tons): N18,000 &#8211; N20,000<\/li>\n<li aria-level=\"1\">\u00a0Sticky smooth sand (7 tons): N25,000 &#8211; N28,000<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Latest Prices of Laterite:<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0\u00a0Very clayey yellow-brown Laterite (10 tons): N10,000 &#8211; N12,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Very clayey red Laterite (10 tons): N10,000 &#8211; N15,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Very clayey grayish Laterite (10 tons): N10,000 &#8211; N12,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Not very clayey brownish yellow Laterite (10 tons): N10,000 &#8211; N12,000<\/li>\n<li aria-level=\"1\">\u00a0\u00a0Not very clayey red Laterite (10 tons): N10,000 &#8211; N12,000<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Latest Prices of Roofing Sheets:<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0\u00a00.45 Aluminum roofing sheets: N1,550 &#8211; N1,700<\/li>\n<li aria-level=\"1\">\u00a0\u00a00.70 Aluminum roofing sheet: N2,400 &#8211; N2,600<\/li>\n<li aria-level=\"1\">\u00a0\u00a00.90 Aluminum roofing sheets: N2,700 &#8211; N3,100<\/li>\n<li aria-level=\"1\">\u00a0\u00a00.55 Aluminum roofing sheet: N1,900 &#8211; N2,200<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Latest Prices of Windows:<\/p>\n<ul>\n<li aria-level=\"1\">Louvre Windows:\n<ul>\n<li aria-level=\"2\">750&#215;750 mm: N1,800<\/li>\n<li aria-level=\"2\">1500&#215;1200 mm: N8,000<\/li>\n<li aria-level=\"2\">1800&#215;1200 mm: N10,000<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0Sliding Windows:\n<ul>\n<li aria-level=\"2\">600&#215;600 mm Aluminum-covered: N4,000 &#8211; N5,500<\/li>\n<li aria-level=\"2\">600&#215;600 mm Bronze-glazed: N7,000 &#8211; N8,000<\/li>\n<li aria-level=\"2\">600&#215;750 mm bronze-glazed: N7,000 &#8211; N8,000<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0Casement Windows\n<ul>\n<li aria-level=\"2\">600&#215;600 mm Aluminum-covered: N7,000 &#8211; N8,000<\/li>\n<li aria-level=\"2\">600&#215;600 mm Bronze-glazed: N7,000 &#8211; N8,000<\/li>\n<li aria-level=\"2\">600&#215;750 mm bronze-glazed: N9,000 &#8211; N10,500<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">\u00a0\u00a0Fixed Windows\n<ul>\n<li aria-level=\"2\">600&#215;600 mm Aluminum-covered: N3,500 &#8211; N5,000<\/li>\n<li aria-level=\"2\">600&#215;600 mm Bronze-glazed: N6,500 &#8211; N8,000<\/li>\n<li aria-level=\"2\">600&#215;750 mm bronze-glazed: N7,000 &#8211; N8,000<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">Wood Prices:\n<ul>\n<li aria-level=\"2\">Afara Plywood (per sheet):\n<ul>\n<li aria-level=\"3\">\u00bc-inch: N2,000 &#8211; N2,400<\/li>\n<li aria-level=\"3\">\u00bd-inch: N2,800 &#8211; N3,400<\/li>\n<li aria-level=\"3\">\u00be-inch: N4,900 &#8211; N5,700<\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"2\">Obeche Plywood (per sheet):\n<ul>\n<li aria-level=\"3\">\u00bc-inch: N1,500 &#8211; N1,900<\/li>\n<li aria-level=\"3\">\u00bd-inch: N2,200 &#8211; N3,700<\/li>\n<li aria-level=\"3\">\u00be-inch: N4,000 &#8211; N4,600<\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"2\">Msgs Plywood (per sheet):\n<ul>\n<li aria-level=\"3\">\u00bc-inch: N1,600 &#8211; N2,000<\/li>\n<li aria-level=\"3\">\u00be-inch: N7,600 &#8211; N8,200<\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"2\">Resin Coated Plywood (per sheet):\n<ul>\n<li aria-level=\"3\">\u00bc-inch: N2,400 &#8211; N2,900<\/li>\n<li aria-level=\"3\">\u00bd-inch: N2,900 &#8211; N3,200<\/li>\n<li aria-level=\"3\">\u00be-inch: N3,200 &#8211; N3,600<\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"2\">Veneer Plywood (per sheet):*\n<ul>\n<li aria-level=\"3\">\u00bc-inch: N2,100 &#8211; N2,700<\/li>\n<li aria-level=\"3\">\u00bd-inch: N2,600 &#8211; N3,100<\/li>\n<li aria-level=\"3\">\u00be-inch: N3,400 &#8211; N4,200<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">Different Door Prices:\n<ul>\n<li aria-level=\"2\">\u00a0\u00a0Domestic furniture doors: N5,500 &#8211; N8,200<\/li>\n<li aria-level=\"2\">\u00a0\u00a0Flush plywood (low-density) door: N6,000 &#8211; N8,000<\/li>\n<li aria-level=\"2\">\u00a0\u00a0Flush plywood (high-density) door: N8,500 &#8211; N12,000<\/li>\n<li aria-level=\"2\">\u00a0\u00a0Chinese (Single) door: N10,000 &#8211; N20,000<\/li>\n<li aria-level=\"2\">\u00a0\u00a0Chinese (Double) door: N20,000 &#8211; N38,000<\/li>\n<li aria-level=\"2\">\u00a0\u00a0Turkey door: N22,000 &#8211; N33,000<\/li>\n<li aria-level=\"2\">\u00a0\u00a0Imported Security (double) door: N27,000 &#8211; N38,000<\/li>\n<li aria-level=\"2\">\u00a0\u00a0Metal Security (Single) door: N19,000 &#8211; N26,000<\/li>\n<li aria-level=\"2\">\u00a0\u00a0Metal Security (Double) door: N45,000 &#8211; N65,000<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">Prices of Nails:\n<ul>\n<li aria-level=\"2\">\u00a0\u00a01 pack of 3-inch concrete nails: N800 &#8211; N1,200<\/li>\n<li aria-level=\"2\">\u00a0\u00a01 pack of 2-inch concrete nails: N900 &#8211; N1,200<\/li>\n<li aria-level=\"2\">\u00a0\u00a01 pack of 4-inch concrete nails: N1,000 &#8211; N1,200<\/li>\n<li aria-level=\"2\">\u00a0\u00a01 bag of 2-inch nails: N5,300 &#8211; N6,000<\/li>\n<li aria-level=\"2\">\u00a0\u00a01 bag of 3-inch nails: N5,800 &#8211; N6,000<\/li>\n<li aria-level=\"2\">\u00a0\u00a01 bag of 2 \u00bd-inch nails: N6,000 &#8211; N6,200<\/li>\n<li aria-level=\"2\">\u00a0\u00a01 bag of 1-inch nails: N6,000 &#8211; N6,500<\/li>\n<li aria-level=\"2\">\u00a0\u00a01 bag of 4-inch nails: N6,200 &#8211; N6,500<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h6><b>Factors Influencing the Cost of Building Materials in Nigeria<\/b><\/h6>\n<p>Several factors influence the cost of building materials in Nigeria:<\/p>\n<ol>\n<li aria-level=\"1\">Foreign exchange rate: As many building materials in Nigeria are imported, their prices are highly influenced by the exchange rate, leading to price fluctuations.<\/li>\n<li aria-level=\"1\">Inflation: Inflation significantly affects the cost of building supplies, as rising general price levels increase construction costs.<\/li>\n<li aria-level=\"1\">Transportation costs: The transportation of materials from manufacturing or importation points to construction sites can impact costs due to factors like fuel prices and transportation infrastructure.<\/li>\n<li aria-level=\"1\">Availability and demand: The supply and demand for building materials can affect their cost. High demand and restricted supply can lead to price increases.<\/li>\n<li aria-level=\"1\">Government policies: Government policies, including taxes, tariffs, and import restrictions, can substantially affect building material prices. High taxes on imports can increase construction costs, while policies promoting local production can lower prices.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h6><b>Conclusion<\/b><\/h6>\n<p>Now equipped with knowledge about the cost of building materials in Nigeria and the factors influencing these prices, you can make more informed decisions when planning your construction projects. Keep in mind that prices may vary due to factors like currency exchange rates, location, and market conditions, so it&#8217;s essential to stay updated on current pricing in your specific area. The Nigerian market offers a wide range of building materials, making it possible to find suitable options throughout the country. This knowledge will help you bring your dream structure to life while managing your budget effectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For many years, the cost of building materials in Nigeria has been a source of concern due to its direct impact on housing affordability and accessibility for the average Nigerian. In recent years, the cost of building materials has surged, significantly affecting the real estate industry. Several factors, including inflation, foreign exchange rates, transportation costs,&#8230;<\/p>\n","protected":false},"author":3,"featured_media":6127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[209,208,210],"class_list":["post-6125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction","tag-building","tag-building-materials","tag-building-materials-in-nigeria"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/posts\/6125"}],"collection":[{"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/comments?post=6125"}],"version-history":[{"count":1,"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/posts\/6125\/revisions"}],"predecessor-version":[{"id":6128,"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/posts\/6125\/revisions\/6128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/media\/6127"}],"wp:attachment":[{"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/media?parent=6125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/categories?post=6125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sterlinghomesltd.com\/wp-json\/wp\/v2\/tags?post=6125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}