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Cost of building a house in Ibadan - Akobo, Oyo (2026)

Construction costs for Ibadan - Akobo using current material prices (cement ₦12,800/bag, iron rods ₦800,000/tonne) and local labour rates.

5-bedroom duplex + BQ, standard finish

₦100,754,708

280 m² · ₦359,838/m² · includes fence, gate & contingency

Building costs in Ibadan - Akobo by house type

House type	Basic	Standard	Luxury
3-bedroom bungalow	₦39.0M	₦50.6M	₦84.1M
4-bedroom bungalow + BQ	₦59.8M	₦73.3M	₦118.2M
4-bedroom duplex + BQ	₦75.0M	₦92.0M	₦144.7M
5-bedroom duplex + BQ	₦81.6M	₦100.8M	₦158.6M
6-bedroom duplex + BQ	₦88.2M	₦109.3M	₦172.4M
block of 6 two-bedroom flats	₦129.7M	₦184.3M	₦337.7M

Developing in Ibadan - Akobo?

Model your estate — land purchase or JV with the landowner — with profit, IRR and a bank-ready report.

How much does it cost to build a 5-bedroom duplex in Ibadan - Akobo?

About ₦100.8M for a standard-finish 5-bedroom duplex with BQ (280 m²), including fence, gate and contingency.

How much does a 3-bedroom bungalow cost to build in Ibadan - Akobo?

About ₦50.6M with standard finishing.

What is the building cost per square metre in Ibadan - Akobo?

Around ₦359,838 per m² for a standard 5-bedroom duplex.

What do new houses sell for in Ibadan - Akobo?

About ₦825,000 per m², with gross rental yields around 4.2%.