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Rising Cost Of Cement: We Can’t Own Houses Again - Nigerians Cry Out - Properties (4) - Nairaland

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Re: Rising Cost Of Cement: We Can’t Own Houses Again - Nigerians Cry Out by AlphaSoul: 8:06pm On Mar 09
Macphenson:
This is a a serious issue. I am an Engineer and majorly into building construction. A lot of my projects are already suspended.

Everything now is terribly expensive. I wonder why nobody is talking about iron rods.
Yesterday I bought a ton of 16mm iron at #1,150, 000 ( localoo not even imported), iron I bought around december at #625, 000. I bought six tons instead of the ten tons I needed for the project.

Marine board is now #23000 for one, what used to be #11, 0000.

30 tons of granite is almost heading to #700, 000.

The last time I went to mushin to buy HDF wood for kitchen cabinet and wardrobe, I went round for about two hours pricing. The prices were ridiculously high that I just entered my car and went home.

I wonder why people are even talking about cement which is the least of the headache while not mentioning iron, granite, marine board etc. This is terribly terrible. About six of my projects have been suspended already and the remaining others are going to be suspended.

Even my clients abroad that I build for, when they change their hard currency and use it to buy materials, they are also feeling the heat of the terrible economy.
Re: Rising Cost Of Cement: We Can’t Own Houses Again - Nigerians Cry Out by Gboss247(m): 8:39pm On Mar 09
flokii:
FG should open.borders, let people start importing cement.

Most peole have abandoned their building projects because of unreasonable price hike from so called cement mamufacturers.. Cememt that the major raw materials are available in Nigeria.
Open borders and imports after devaluing your currency when currency devaluation goes with exportation, what kind of economics did you study in school?
Re: Rising Cost Of Cement: We Can’t Own Houses Again - Nigerians Cry Out by Gboss247(m): 8:46pm On Mar 09
sukar886:
I blame FG for this, they should open border for cement to enter, then you will see dangote and others reducing there prices
FG devalued the naira by printing trillions which lead to higher prices of cement and other commodities and then, opening border to devalue the naira by importing cement is now the solution to high prices of cement abi? Who taught you such economics?
Re: Rising Cost Of Cement: We Can’t Own Houses Again - Nigerians Cry Out by jesmond3945: 10:32pm On Mar 09
axglide:


People that had old stock and maybe bought at 4,400 also jerked up their prices to 11k - 12k; people whose conscience has been seared with a hot iron.

Only if people follow Christ Jesus will the world be a better place.
if you were a bizman would you sell less and shortchange yourself. The economy is harsh and everyone is being cautious.
Re: Rising Cost Of Cement: We Can’t Own Houses Again - Nigerians Cry Out by UncutSk(m): 11:03pm On Mar 09
EnglishUsa:
People don't know or understand what our economy is up to this time... What tinubu did was to make our economy more less of importation and he made it more attractive for exportation, people should find a mins to export and you will earn and live big in Nigeria and also build your own house... Know regime has been better in Nigeria and the next president may be the worst so let's forget about this government of a thing and find a way for ourselves
mugu
Re: Rising Cost Of Cement: We Can’t Own Houses Again - Nigerians Cry Out by Dwaizman(m): 10:57am On Mar 10
Macphenson:
This is a a serious issue. I am an Engineer and majorly into building construction. A lot of my projects are already suspended.

Everything now is terribly expensive. I wonder why nobody is talking about iron rods.
Yesterday I bought a ton of 16mm iron at #1,150, 000 ( localoo not even imported), iron I bought around december at #625, 000. I bought six tons instead of the ten tons I needed for the project.

Marine board is now #23000 for one, what used to be #11, 0000.

30 tons of granite is almost heading to #700, 000.

The last time I went to mushin to buy HDF wood for kitchen cabinet and wardrobe, I went round for about two hours pricing. The prices were ridiculously high that I just entered my car and went home.

I wonder why people are even talking about cement which is the least of the headache while not mentioning iron, granite, marine board etc. This is terribly terrible. About six of my projects have been suspended already and the remaining others are going to be suspended.

Even my clients abroad that I build for, when they change their hard currency and use it to buy materials, they are also feeling the heat of the terrible economy.

My oga I b engineer too I dey Lagos. Show me way now senior man.
Re: Rising Cost Of Cement: We Can’t Own Houses Again - Nigerians Cry Out by klid: 1:59pm On Mar 10
People are still building.

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