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Cost of building a 4-bedroom bungalow + BQ in Ibeju-Lekki (2026)

Estimated for Ibeju-Lekki, Lagos (152 m² floor area) using current material prices and local labour rates.

Standard finish
₦78,572,482
Basic ₦64.3M · Luxury ₦126.2M · ₦516,924/m² · without BQ ₦61.6M
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Cost breakdown

ElementShareCost
Foundation10.3%₦8,093,926
Structure15.5%₦12,171,071
Finishes22.0%₦17,247,401
Services11.8%₦9,240,488
External Works29.1%₦22,880,818
Prelims & Contingency11.4%₦8,938,778
Total100%₦78,572,482

Materials you'll need

MaterialApprox. quantityCost at today's prices
Cement (50kg bags)647 bags₦8,279,040
Sandcrete blocks (6" & 9")6,336 blocks₦5,702,022
Iron rods2.0 tonnes₦1,592,000
Sharp sand114 tonnes₦1,476,670
Granite85 tonnes₦1,701,000

Construction timeline (6 months)

PhaseMonthsCost
Site preparation1–1₦1.4M
Foundation1–2₦8.1M
Structure2–3₦7.0M
Roofing3–4₦5.2M
Services 1st fix4–4₦4.2M
Plastering & screeding4–5₦3.4M
Interior finishes5–6₦13.8M
Services 2nd fix6–6₦5.1M
External works5–6₦22.9M
Snagging & handover6–6₦7.6M
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Compare with nearby areas

Lekki₦82.5M standardIkoyi₦86.3M standardVictoria Island₦86.4M standardAjah₦80.0M standardEpe₦76.6M standardIkeja₦79.4M standard

Frequently asked questions

How much does it cost to build a 4-bedroom bungalow + BQ in Ibeju-Lekki?

About ₦78.6M with standard finishing, ₦64.3M basic and ₦126.2M luxury (2026 prices).

How long does it take to build a 4-bedroom bungalow?

About 6 months with steady funding.

How many bags of cement does a 4-bedroom bungalow need?

Roughly 647 bags of 50kg cement.

Read more: 4-bedroom bungalow costs across Nigeria · 12 ways to reduce building cost

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