I just got this update from my supplier . Let the Government do something about building materials prices. If not cost of house rent will be unbearable in coming years,l. Also people will be tempted to cut corners and it will lead to more building collapse.

We should put cement on export prohibition list and customs should instensify effort to ensure people do not succeed in exporting scrap iron as this is the raw material for making Nigerian iron rod. Also finished iron products (iron rod, beam and sheet) should be put in the export prohibition list so that the prices of these building materials will not be influenced by the exchange rate so much

I don't even know where we are going to sef

Cement ₦8000

Garri 2500

Since 1999 till today, price of commodities have never been stable. Enough of all these nonsense reporting. Na you wey chop belle full dey go price iron rod.

kcprince:
I just got this update from my supplier . Let the Government do something about building materials prices. If not cost of house rent will be unbearable in coming years,l. Also people will be tempted to cut corners and it will lead to more building collapse.

We should put cement on export prohibition list and customs should instensify effort to ensure people do not succeed in exporting scrap iron as this is the raw material for making Nigerian iron rod. Also finished iron products (iron rod, beam and sheet) should be put in the export prohibition list so that the prices of these building materials will not be influenced by the exchange rate so much

Which of the iron and how many tonnes?

Seunpapa65:
Garri 2500

They don't sell bowls anymore now..
People now sell in milk-tins

HenryTimes:
Since 1999 till today, price of commodities have never been stable. Enough of all these nonsense reporting. Na you wey chop belle full dey go price iron rod.

the point is it has never been this bad.

Why are you slow, can't you read the room

We keep talking about inflation, dollarization, importation and exportation when the real culprit is corruption.

The Buhari administration looted the country dry, embezzling billions of dollars and overprinting the naira to cover their tracks.

Other thieves in his government that stole in hundreds of billions of naira, used said naira to mop up the dollars on the market.

And let's not forget Dangote who used his influence to get dollars from the CBN at abominable cheap rates.

All these are the major factors why we are where we are today.

If Tinubu was serious, he would probe the immediate past government, but a bigger thief cannot probe a thief when he's only there to steal.

Gazelle gragra

Don't worry. Tinubu will bring it down to 10k.

thelegend1:


Which of the iron and how many tonnes?

Iron rod for building houses and price is for just 1 ton .

HenryTimes:
Since 1999 till today, price of commodities have never been stable. Enough of all these nonsense reporting. Na you wey chop belle full dey go price iron rod.

Keeping quiet or looking the other way doesn't solve the problem..I av never in my life see a country plunge into inflation at a rate so rapid even businesses can't survive cos they can't keep up. I remember buying dollars 520 up to 639 last year..today we are at 1497
Remember sending 25k to my mum in 2022 to buy a bag of rice today same bag goes for 77k.. over 300 percent increase..if my salary increased by 300 percent I won't even think of japaing cos I will be able to afford plane tickets to and fro for vacation anywhere in the world once or twice per year.

kcprince:


Iron rod for building houses and price is for just 1 ton .

I know it's for building.
Which size are you referring to 8mm, 10mm, 12mm, or 16mm?

HenryTimes:
Since 1999 till today, price of commodities have never been stable. Enough of all these nonsense reporting. Na you wey chop belle full dey go price iron rod.

It has never been this bad, 100% hike in price of commodities within 1 month is not normal at all.

kcprince:
I just got this update from my supplier . Let the Government do something about building materials prices. If not cost of house rent will be unbearable in coming years,l. Also people will be tempted to cut corners and it will lead to more building collapse.

We should put cement on export prohibition list and customs should instensify effort to ensure people do not succeed in exporting scrap iron as this is the raw material for making Nigerian iron rod. Also finished iron products (iron rod, beam and sheet) should be put in the export prohibition list so that the prices of these building materials will not be influenced by the exchange rate so much

I will be increasing the rent of my house in Lagos soon. 500k 3 bedrooms will now go for 800k. Who no like make he pack out.

thelegend1:


I know it's for building.
Which size are you referring to 8mm, 10mm, 12mm, or 16mm?

They are all same price per ton. The only difference is the number . For example 52 pcs of 16mm makes 1ton and 93pcs of 12 mm makes 1 ton . Hope it is clear?

kcprince:
I just got this update from my supplier . Let the Government do something about building materials prices. If not cost of house rent will be unbearable in coming years,l. Also people will be tempted to cut corners and it will lead to more building collapse.

We should put cement on export prohibition list and customs should instensify effort to ensure people do not succeed in exporting scrap iron as this is the raw material for making Nigerian iron rod. Also finished iron products (iron rod, beam and sheet) should be put in the export prohibition list so that the prices of these building materials will not be influenced by the exchange rate so much

What size of building rod is N1.2million? What size and what length?

HenryTimes:
Since 1999 till today, price of commodities have never been stable. Enough of all these nonsense reporting. Na you wey chop belle full dey go price iron rod.

Nawa ooo.

So na who chop belle full dey go price rice and garri for market too right cos I can remember the prices if this commodities too some months ago and now they have been increased by almost 200%...

It was 800,000 last week…
January 580, February 800 now 1,200,000

Is this news TRUE?

kcprince:

They are all same price per ton. The only difference is the number . For example 52 pcs of 16mm makes 1ton and 93pcs of 12 mm makes 1 ton . Hope it is clear?

You know your stuff. God will deliver us from these incompetent leaders.

APC supporter say make I tell you to make am in ya house. Them talk say e cheap that way.

You said it just right. You just poured out my mind.
Apart from rent going up and increase in poorly constructed buildings, we'll also experience alot more abandoned projects leading to lost of jobs. Something should be done to this immediately

kcprince:
I just got this update from my supplier . Let the Government do something about building materials prices. If not cost of house rent will be unbearable in coming years,l. Also people will be tempted to cut corners and it will lead to more building collapse.

We should put cement on export prohibition list and customs should instensify effort to ensure people do not succeed in exporting scrap iron as this is the raw material for making Nigerian iron rod. Also finished iron products (iron rod, beam and sheet) should be put in the export prohibition list so that the prices of these building materials will not be influenced by the exchange rate so much

As of today 23.2.24 is almost #1,300,000

kcprince:
I just got this update from my supplier . Let the Government do something about building materials prices. If not cost of house rent will be unbearable in coming years,l. Also people will be tempted to cut corners and it will lead to more building collapse.

We should put cement on export prohibition list and customs should instensify effort to ensure people do not succeed in exporting scrap iron as this is the raw material for making Nigerian iron rod. Also finished iron products (iron rod, beam and sheet) should be put in the export prohibition list so that the prices of these building materials will not be influenced by the exchange rate so much

The construction industry has been dealt a big blow.

I wonder how people will build houses now.


Decking a house will cost above 10 million now