Building Materials Prices in Nigeria (October 2026)
Average Lagos market prices, updated October 2026. Prices in other states adjust for transport and availability.
| Material | Price | This month |
|---|---|---|
| Cement (50kg) | ₦12,800 / bag | ▲ +4.9% |
| Iron rods (12mm) | ₦800,000 / tonne | 0.0% |
| 9" Sandcrete block | ₦900 / block | ▲ +2.3% |
| 6" Sandcrete block | ₦750 / block | ▲ +2.7% |
| Sharp sand | ₦13,000 / tonne | 0.0% |
| Granite (¾") | ₦20,000 / tonne | 0.0% |
| Laterite filling | ₦7,500 / m³ | ▲ +2.7% |
| Aluminium longspan (0.55mm) | ₦7,800 / m² | 0.0% |
| Stone-coated roofing | ₦10,500 / m² | 0.0% |
| Floor tiles (60×60) | ₦6,500 / m² | 0.0% |
| Emulsion paint (20L) | ₦70,000 / bucket | 0.0% |
How prices have moved since 2020
| Year | Cost of a house that costs ₦100M today |
|---|---|
| 2020 | ₦34M |
| 2021 | ₦40M |
| 2022 | ₦48M |
| 2023 | ₦60M |
| 2024 | ₦82M |
| 2025 | ₦95M |
| 2026 | ₦100M |
Prices change monthly
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