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How much does it cost to build a house in Nigeria?

Building a house is very expensive in Nigeria. A three-bedroom house, for example, will cost about US$50,000, compared to US$36,000 in South Africa and US$26,000 in India, according to Finance Minister Ngozi Okonjo-Iweala.

Accordingly, how much does it cost to build a house Nigeria?

Building a house is very expensive in Nigeria. A three-bedroom house, for example, will cost about US$50,000, compared to US$36,000 in South Africa and US$26,000 in India, according to Finance Minister Ngozi Okonjo-Iweala.

Subsequently, question is, how much does it cost to build 4 bedroom house in Nigeria? Estimare depending on location and all of above: N10M ( US$30,000) in typical rural area in Nigeria to say N40M (cost of land and building) in places like Magodo, Ikeja GRA, Lekki Phase 2 etc. All in Lagos.

Also asked, how much does it cost to build a 3 bedroom flat in Nigeria?

Honestly, you can build a 3 bedroom bungalow for as much as N50,000,000, or as low as N5,000,000. Sometimes the estimate even goes below the latter. This cost is affected by a number of factors ranging from: Location of the property.

How much does it cost to build a 2 bedroom house in Nigeria?

To build 2 Bedroom flat in Nigeria, you will need the following items: 2,000 x 6” of hollow blocks (130/block) - N260,000. 110 cement packs (2750) - N302,500. 15 tons of granite (42,000) - N126,000.

Similar Question and The Answer

How much is a lot of money in Nigeria?

The average Nigerian family income is about 75,000 according to a research as far back as 2011. Then the value of the Naira against the dollar was a lot better than now, when the exchange rate was roughly $1 to 150 Naira, compared to todays $1 to 350 Naira.

How much will it cost to build a 4 bedroom duplex in Nigeria?

Estimated Total Cost for this stage = NGN 5,350,000. As you can see from the calculations, we arrived at a total cost of building a 4 bedroom duplex which is a little above NGN 10,000,000. This involves just the construction of the 4 bedroom duplex in Nigeria.

How much will it cost to build a 5 bedroom duplex in Nigeria?

From my experiences of building 5 bedroom duplexes in the past, total cost should be hovering around 15–18million for a medium taste finishing. Total cost depends largely on some factor. soil condition- This determines the type of foundation that will be used. Building a foundation in a swamp costs more.

How many blocks does it take to build a 3 bedroom house?

Building a 3-bedroom flat is a very nice thing… While an average 2-bedroom flat will require about 2,200 blocks for construction, an average 3-bedroom flat will require about 2650 blocks.

How much is a bag of cement in Nigeria?

How much is a bag of cement in Nigeria? As of present, the retail price of cement in Nigeria is ₦2,550 — ₦2,800 per bag, depending on brand, location, and other factors. And the wholesale price (600 bags) is ₦1,470,000 to ₦1,510,000, depending on the manufacturer.

What is the cost to build a 3 bedroom house?

Cost to build a 3 bedroom house. Building a house doesn't really equate with an average figure. The variables are so wide that it could start as low as $120,000 and just keep going until you say stop based on the size, quality of your building materials and finishes. But the average would be $160,000-$195,000.

How much does it cost to build a small 3 bedroom house?

The average cost of building a 3-bedroom house is between $248,000 and $310,000, while the cost to build a 4-bedroom house about $388,000 to $465,000, and the cost to build a small 2-bed home is about $93,000 to $155,000. Here are the average costs to build a single-family home by square footage.

How much can I spend to build a house?

The average cost to build a house in 2017 was $428,000. That estimate is based on a 2,800 square-foot, single-family house—which makes the cost to build a house about $153 per square foot. That's the technical answer. But before you rush off to the bank, hang on!

How much will it cost to build a 3 bedroom bungalow?

Total cost of Finishing For 3 bedroom Bungalow = 1.4 Million Naira. Adding Up all cost, we can see that the cost of building a 3 bedroom bungalow is 4 Million Naira.

How many bags of cement can build 3 bedroom flat in Nigeria?

The amount of cement used in total for an average 3 bed-roomed residential house of 100m2 in plinth area is 958 bags at a cost of INR 3,85,000 basing on a price of INR 400 per 50kg bag. You Can buy Cement online at Lowest Cost at eConstructionMart.

How many bags of cement can plaster a room in Nigeria?

6 bags

What is the cost of building a bungalow in Nigeria?

The cost of getting a building plan for a bungalow ranges between ₦50,000 and ₦300,000 depending on factors such as the location, the professionals, etc.

How many bags of cement do I need for a 2 bedroom house?

40 bags

How much is sharp sand in Nigeria?

Western Nigeria E say sharp sand for some parts of Lagos dey cost about 28, 000 naira or more depending on di location, dis amount na almost times two of price of sharp sand for eastern Nigeria.

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