Facts, Figures & Frameworks – What Every Nigerian at Home and Abroad Must Know
📅 Webinar Recap: July 26, 2025
With inflation, fluctuating exchange rates, and skyrocketing building material prices, knowing the real cost of building in Nigeria today is more important than ever. That’s why Mega Labourers Services hosted a live Zoom webinar on Saturday, July 26, 2025, to uncover the truth behind the numbers.
Attendees walked away with clear insights, actionable frameworks, and budgeting blueprints to avoid costly surprises when starting their dream home or investment projects—especially for Nigerians in the diaspora.
Let’s break it all down…
READ MORE: How Nigerian Homeowners Are Slashing Electricity Bills by 70% with Solar Power
📊 Building in 2025: What It Really Costs
- 🧱 Building Materials Have Doubled (or More)
- Cement: ₦10,000 – ₦10,500 per 50kg bag
- Iron rods (12mm): ₦1.05 – ₦1.15 million/ton
- Sharp sand: ₦50,000+ per 10-ton tipper
- Granite: ₦60,000+ per 10-ton tipper
- 📐 Cost per Square Meter (2025 Estimates)
- Low to Mid-range Homes: ₦30,000–₦50,000/m²
- Luxury Residential: ₦65,000–₦120,000/m²
- Commercial Projects: ₦80,000–₦150,000/m²
- Example: A 5-bedroom duplex (approx. 250 m²) may cost ₦32 million – ₦45 million, excluding land.
- 👷 Labour + Professional Fees
- Labour costs are increasing due to high demand and urban migration.
- Architectural, structural, and MEP design fees range from 3–10% of project cost.
- Budget for site supervision, logistics, transportation, and fuel—these hidden costs add up.
🧭 The Framework You Need to Plan Wisely
For Nigerians living abroad, knowing the real cost of building in Nigeria today is more important than ever. So, during the webinar, our construction experts shared this 7-step framework for planning and budgeting in 2025:
- Project Brief – Define the size, use, and budget range.
- Site Evaluation – Know your soil, location, accessibility, and regulatory needs.
- BoQ (Bill of Quantities) – Build a verified breakdown from foundation to finish.
- Material Cost Forecasting – Factor in inflation and purchasing strategy.
- Labour Planning – Choose between daily workers vs. contract teams.
- Time & Phase Budgeting – Break project into milestones (foundation, roofing, finishes).
- Contingency – Always add 15–20% for unforeseen price changes or design revisions.
✅ Pro Tip from the Webinar: Planning in phases is better than starting all at once without enough funds. A phased BoQ ensures you don’t abandon the project midway.
🌍 For Nigerians in the Diaspora: Here’s What You Must Know
We understand how hard it is to build back home when you’re abroad. Many fall victim to costly mistakes, unverified contractors, and budget overruns. That’s why Mega Labourers Services was created.
🛠️ How Mega Labourers Services Makes Building Easy for You
Whether you’re in the UK, US, Canada, UAE, or Europe, we give you peace of mind and real-time oversight through the following:
✅ Accurate Project Costing
– Get your BoQ prepared and priced according to current 2025 market conditions.
✅ Material Procurement & Delivery
– We source your materials at local market prices—no markup games.
– Trusted partnerships with Nigerian cement factories and rebar suppliers.
✅ On-Site Supervision & Progress Updates
– Weekly photos, videos, and supervisor reports—delivered to your phone or email.
✅ Transparent Labour Contracts
– No middleman fraud. All contracts, timelines, and costs are documented and signed.
✅ Local Government Compliance
– We help secure approvals, soil tests, inspections, and NIA/COREN-certified designs.
IN OTHER NEWS: Building Information Modelling: Key to Solving Nigeria’s Construction Crisis
🔔 Don’t Let the Numbers Scare You—Let the Facts Prepare You
Indeed, for Nigerians living abroad, knowing the real cost of building in Nigeria today is more important than ever. We have seen these Nigerians spend twice as much as they should—simply because they didn’t have the right team on ground.
📈 Inflation is high.
📉 The naira is unpredictable.
📦 Materials are limited.
🛑 But with the right plan, your building project can succeed—on budget and on time.
📣Let’s Begin Your Project, The Right Way
🧾 Step 1: Request your free preliminary BoQ (no commitment)
📐 Step 2: Share your location, land, or proposed project idea
🛠️ Step 3: We’ll handle costing, planning, design, logistics, and delivery
👉 Get in touch with Mega Labourers Services Limited to day to get started. Nigerians living abroad can safely invest in real estate back home when they know all the facts, figures and framework of building in Nigeria!
Email: info@megalabourers.com
Website: www.megalabourers.com
Head Office: 9, Moses Adebajo Street, Ojodu, Lagos, Nigeria
Port Harcourt Office: 12, Ebony Road [E-Plaza], Orazi Town, Port Harcourt, Nigeria
Canada Office: 102-30 El-Tassi Drive, Winnipeg MB, R3W 0NB, Canada
USA Office: 8500 Frederickburgs Lane, Houston, TX 77083, USA
Phone
Lagos: +234 707 491 3626, +234 707 491 3638
Port Harcourt: +234 707 491 3641, +234 707 491 3639
Canada: +1 (833) 323-4927
USA: +1 832 847 5261
LinkedIn: @megalabourers_official
Facebook: @megalabourers
Instagram: @megalabourers
💡 Final Word
The webinar may be over, but the journey to build your dream home or property in Nigeria is just beginning. Don’t walk that path alone.
Let Mega Labourers Services handle the ground game while you focus on the bigger picture—your legacy.