Tag
BUILDING MATERIALS
The Federal Government has unveiled plans to establish building manufacturing hubs in Nigeria's six geopolitical zones to produce essential building materials, reduce import costs, create jobs, and boost economic growth.
While housing development projects are ongoing across the country, there is hardly any arguable pullaway from the housing development pace of previous administrations
Nigeria's housing deficit currently stands at 28 million units, according to data from the Federal Mortgage Bank of Nigeria (FMBN). According to the Central Bank of Nigeria, it will take an investment of about $46.7 billion over 20 years to meet the country's housing demand.
Estate developers are increasingly facing challenges in meeting their project delivery timelines due to surging exchange rates.
Builders may consider substandard materials as cost of building materials rises over 20% in 6 months
The costs of steel, tiles, doors, and Plaster of Paris (PoP) cement, among others, have risen by over...
The price of building materials in the market experienced a rise of over 60% in the last one year.