How Much Are Building Materials In Nigeria?: Prices Of Wood, Nails, Sand & Tiles In 2023

One of the businesses whose products always add more money to the market is the real estate business. Developing real estate requires the use of building materials, and in Nigeria today, you can never be too sure about the prices of most building materials.

Vendors are constantly increasing their prices, and sometimes, you might end up overpaying for an item because you didn’t know the price before entering the market. Building a house becomes a challenge because you are always meeting new market prices, which affects your budget, especially if you’re building with a mortgage.

You don’t have to be completely in the dark about the prices of these building materials in Nigeria. Here are some of the major building materials you need while developing a property and their prices to keep in mind before entering the market.

Updated Prices Of Building Materials In Nigeria

If you are looking at the current prices of some building materials like nails, wood, sand, and tiles, then keep reading to find out more about their current prices today.

Current Prices Of Building Nails In Nigeria

Nail Sizes	Current Nigerian Price
1 pack of 3-inch concrete nails	800-1,200
1 pack of 2-inch concrete nails	900-1,200
1 pack of 4-inch concrete nails	1,000-1,200
1 bag of 2-inch nails	5,300 – 6,000
1 bag of 3-inch nails	5,800 – 6,000
1 bag of 2 ½ -inch nails	6,000 – 6,200
1 bag of 4-inch nails	6,200 – 6,500
I bag of 1-inch nail	6,000 – 6,500

Current Prices Of Building Wood In Nigeria

Wood Type & Size	Current Nigerian Price
Afara ¼ -inch Plywood	2,000 – 2,400
Afara ½ -inch Plywood	2,800 – 3,400
Afara ¾ -inch Plywood	4,900 – 5,700
Obeche ¼ -inch Plywood	1,500 – 1,900
Obeche ½ -inch Plywood	2,200 – 3,700
Obeche ¾ -inch Plywood	4,000 – 4,600
Msgs ¼ -inch Plywood	1,600 – 2,000
Msgs ¾ -inch Plywood	7,600 – 8,200
Resin Coated ¼ -inch Plywood	2,900 – 2,900
Veneer ¼ -inch Plywood	2,100 – 2,700
Veneer ½ -inch Plywood	2,600 – 3,100
Veneer ¾ -inch Plywood	3,400 – 4,200
2x3x4 Softwood	100 – 200
2x3x12 Softwood	200 – 250
1x2x12 Softwood	400 – 500
2×2 Hardwood	100 – 200
2×3 Hardwood	180 – 250
2×4 Hardwood	300 – 400
2×5 Hardwood	400 – 550
2×6 Hardwood	500 – 600
3×4 Hardwood	550 – 650

Current Price Of Building Sand In Nigeria

Sand Type	Current Price
20 tons of relatively smooth sand	90,000 – 100,000
20 tons of plaster sand	90,000 – 100,000
20 tons of Laterite	48,000 – 50,000
20 tons of Sharp sand	52,000 – 60,000
20 tons of Granite	180,000 – 200,000
20 tons of Sharp Filling Sand	52,000 – 60,000

Current Price Of Granite Tiles In Nigeria

Granite Tiles	Current Nigerian Price
30 x 30	6,300 – 7,500
40 x 40	6,400 – 6,800
30 x 60	5,700 – 6,000
60 x 60	7,700 – 8,000

Current Price Of Vitrified Price In Nigeria

Vitrified Tiles	Current Nigerian Price
300 x 300 pack	4,000 – 5,400
450 x 450 pack	5,100 – 6,500

Current Polished Porcelain Tile Price In Nigeria

Porcelain Tile	Current Nigerian Price
40 x 40	2,800 – 3,000
60 x 120 High Gloss Porcelain Slab Tiles	4,000 – 5,500
300 x 600 Wall Porcelain Tiles	5,000 – 10,000

Current Unpolished Porcelain Price In Nigeria

Unpolished Porcelain Tile	Current Nigerian Price
40 x 40	2,700 – 5,500
30 x 60	8,400 – 15,850

Current Ceramic Tiles Price In Nigeria

Ceramic Tile	Current Nigerian Price
60 x 60 pack	3,300 – 5,500
60 x 120 pack	8,400 – 15, 850

Factors Influencing The Cost Of Building Materials In Nigeria

There are several factors that influence the cost of building materials in Nigeria. Here are some of the most significant factors:

1. Exchange rates: Nigeria is an import-dependent country, and most building materials are imported. Therefore, the exchange rate of the Nigerian Naira against other currencies like the US Dollar, Euro, or British Pound Sterling can significantly impact the cost of building materials.
2. Inflation: Inflation is another significant factor that affects the cost of building materials. When the cost of goods and services increases due to inflation, the prices of building materials will also increase.
3. Transportation costs: Transportation costs are also a significant factor that influences the cost of building materials. If the cost of transportation increases, it will affect the cost of building materials.
4. Availability of materials: The availability of building materials can also impact their cost. When there is a shortage of materials, their prices will increase due to high demand.
5. Tax policies: Government policies on taxes can also affect the cost of building materials. When the government imposes high taxes on imported building materials, their prices will increase.
6. Technology: Advancements in technology can affect the cost of building materials. For example, the use of new technology in manufacturing can reduce production costs and, in turn, lower the cost of building materials.
7. Energy costs: The cost of energy can also impact the cost of building materials. When the cost of energy, such as electricity or fuel, increases, it can increase the production costs of building materials and result in higher prices.
8. Government regulations: Government regulations can also affect the cost of building materials. For example, environmental regulations may require the use of more expensive but environmentally-friendly building materials, which can increase their cost.

The cost of building materials in Nigeria is influenced by various factors, including exchange rates, inflation, transportation costs, availability of materials, tax policies, technology, energy costs, and government regulations.