Cost and Budget Breakdown for Building a High-Rise in Nigeria in 2025

Cost and Budget Breakdown for Building a High-Rise in Nigeria in 2025

As Nigeria continues to experience rapid urbanization, the demand for high-rise buildings in major cities like Lagos, Abuja, and Port Harcourt is increasing. Understanding the cost of building a high-rise in Nigeria for 2025 is essential for developers, investors, and anyone considering such an ambitious construction project. This article will provide an overall estimated budget, the factors that influence construction costs, and the permits required for high-rise projects in Nigeria.

Total Estimated Cost of Building a High-rise in Nigeria

As of 2025, the overall cost for constructing a high-rise building in Nigeria is estimated to range between ₦7 billion and ₦25 billion. The cost varies based on location, building complexity, design, and the quality of materials used.

  • Basic High-Rise Construction: For a standard building without luxury features, the cost is generally closer to ₦7 billion to ₦15 billion.
  • Premium Construction: High-rise buildings with luxury features, state-of-the-art amenities, and advanced technology could cost anywhere from ₦18 billion to ₦25 billion.

Estimated Budget Breakdown for High-Rise Construction in Nigeria (2025)

Building a high-rise in Nigeria in 2025 can be a substantial investment. Below is the estimated cost breakdown, excluding land acquisition:

1. Design and Planning

  • Architectural and Engineering Fees: Typically range from 3% to 7% of the total construction cost.
  • For a high-rise project, this would be a significant portion, depending on the complexity of the building’s design. Working with an experienced architectural firm is key to getting the design right while maintaining budget control.

2. Materials

  • Structural Materials: The cost of materials such as concrete, steel, and glass plays a vital role in the overall construction cost. For instance, the price of steel and other metals has increased significantly due to global supply chain disruptions.
  • In 2025, steel is expected to cost around ₦1.5 million per ton, up from ₦310,000 per ton just a few years ago.
  • High-rise buildings require large quantities of these materials, which will significantly impact the total cost.

3. Labor

  • Skilled and Unskilled Labor: Labor costs have increased dramatically due to a rise in demand and inflation. Daily charges for skilled laborers have nearly doubled in some cases.
  • These costs will depend on the location of the project and the complexity of the design. Skilled labor for high-rise projects is crucial to ensure safety and quality.

4. Foundation and Excavation

  • Excavation and Foundation Works: Given Nigeria’s diverse soil types and urban landscapes, excavation and foundation works can account for a large portion of the budget. In areas with challenging soil, foundation costs are higher due to the need for additional reinforcement.

5. Utilities and Technology

  • Electrical, Plumbing, and HVAC Systems: The installation of these systems is essential for modern high-rise buildings, driving up the cost. A high-rise will also require advanced security systems, elevators, and backup power systems, all of which add to the cost.

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6. Permits and Compliance

  • Obtaining the necessary permits and ensuring compliance with local regulations are essential steps in the construction process. Below are the key permits required for high-rise construction in Nigeria:

Factors Affecting High-Rise Construction Costs in 2025

Several factors can influence the final cost of building a high-rise in Nigeria:

  1. Location: Projects in Lagos and Abuja are generally more expensive due to high demand for land and resources, while cities like Port Harcourt may offer more affordable construction options.
  2. Design Complexity: Complex architectural designs and high-end finishes will significantly increase the overall cost.
  3. Labor and Material Costs: Prices for materials such as steel, concrete, and glass fluctuate, and labor costs can vary based on location and demand.
  4. Inflation and Economic Factors: Nigeria’s economic environment can affect costs, with inflation impacting material prices and exchange rate volatility affecting imported materials.

How to Manage and Optimize Construction Costs

Managing high-rise construction costs requires careful planning and strategic decision-making. Here are some tips:

  • Work with Experienced Contractors: Select a reputable construction firm that specializes in high-rise projects. Their expertise will help you stay within budget and ensure quality.
  • Choose Cost-Effective Materials: Opt for materials that meet your project’s requirements but won’t unnecessarily inflate the budget. Talk to your contractor for recommendations on cost-effective yet durable materials.
  • Plan for Long-Term Maintenance: High-rise buildings require ongoing maintenance, so it’s important to factor in costs for energy efficiency, sustainability, and building upkeep.

Partner with The Building Practice Ltd

The above estimates are based on current trends and may vary depending on specific project requirements and unforeseen circumstances. Are you planning to build a high-rise in Nigeria? The Building Practice Ltd is here to help. We are experts in high-rise construction, committed to delivering exceptional projects on time and within budget.

Contact us today for a consultation, and let’s make your vision a reality.


Frequently Asked Questions (FAQs) About High-rise Buildings

What is the cost of building a high-rise in Lagos?

The average cost of building a high-rise in Lagos ranges from ₦7 billion to ₦25 billion depending on the size, complexity, and materials used.

How can I reduce the cost of building a high-rise in Nigeria?

To reduce costs, consider simplifying the design, using cost-effective materials, and hiring a reliable contractor with experience in managing high-rise projects efficiently.

What are the hidden costs in high-rise construction?

Hidden costs may include legal fees, unforeseen design changes, project delays, and unexpected price increases in raw materials.

How long does it take to build a high-rise in Nigeria?

The construction of a high-rise building typically takes between 18 to 36 months, depending on the scale and complexity of the project.

Can I build a high-rise in cities like Abuja or Port Harcourt?

Yes, high-rise buildings are being developed in cities like Abuja and Port Harcourt. However, construction costs may be lower in these cities compared to Lagos due to less demand for land and resources.

What is the high-rise construction cost per square foot in Nigeria?

The construction cost per square foot for high-rise buildings in Nigeria ranges from ₦50,000 to ₦80,000 depending on the complexity of the design, materials used, and location. For basic structures, the cost is closer to the lower end, while premium buildings with advanced features can cost more.

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