A recent report reveals that the cost of building materials in Nigeria has surged by over 100% in the past year, causing significant disruptions in the construction industry. This sharp rise in prices has posed major challenges for large-scale developers and homeowners alike. Several factors have contributed to this increase, including disruptions in the supply … Read more
The Federal Government plans to establish building materials manufacturing hubs in six geo-political zones, inviting investors to fund and manage the hubs EKO HOT BLOG reports that the Federal Government is set to establish building materials manufacturing hubs across the six geo-political zones, the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has announced. The … Read more
EKO HOT BLOG reports that amidst the skyrocketing prices of cement nationwide, the costs of iron rods, also known as reinforcements, have surged significantly, surpassing the increases seen in cement prices. This online media platform highlights the ongoing challenge faced by Nigerians in realizing the dream of owning affordable homes, as the exorbitant prices of key … Read more
Eko Hot Blog reports that Nigeria’s real estate and construction industry is facing severe headwinds as prices of key building materials have skyrocketed over the past months. A market survey by Sunday Tribune showed that the price of reinforcement steel bars jumped 100% from N500,000 per tonne in January to N1.2 million in February. EDITOR’S … Read more