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Construction Materials Price Increases Over Selected Periods - Properties - Nairaland

Nairaland ForumNairaland GeneralPropertiesConstruction Materials Price Increases Over Selected Periods (7916 Views)

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Construction Materials Price Increases Over Selected Periods by DrMB(op): 8:06pm On Mar 27
At this rate, do you think we need more government regulation on building material prices, or is this just the new global reality?
Let’s discuss in the comments. Are you still building, or are you waiting for prices to "crash"? 👇

Construction materials price increases over selected periods

1. Cement (2019-2026): +367%

2. ⁠Doors (2023-2024): +245%

3. ⁠Iron rods (2023-2024): +137%

4. ⁠Sharp sand (Q1 2025-Q1 2026): +25%

5. ⁠Steel (Q1 2025-Q1 2026): +20%



Source


Price of 50kg bag of cement in Nigeria (2019-2026)
Pre-2020: N2,500-N3,000

2021: N3,300-N3,500

2022: N5,500-N8,000

Feb 2024: N10,000-N14,000

Q4 2025: N10,000-N10,500

Jan 2026: N10,000-N10,500

Mar 2026: N11,500-N15,000

The price of a 50kg bag of cement has increased up to 367% in 7 years


<Propcomms Africa, TheCableIndex>
#TheCableIndex
Source

Re: Construction Materials Price Increases Over Selected Periods by RollinTNDA: 1:32pm On Mar 30
Landlord wey build house when cement was 1500 will come and be increasing rent.

Baba you built house during Jonathan era

Why you come dey tell me price of rod had increased.

No be the same rod you buy during Jonathan time for very cheap price??

These landlord/landladies are demonic
Re: Construction Materials Price Increases Over Selected Periods by Idontknowyou: 1:32pm On Mar 30
And some people still wanna support these men who recycle their promises from the late 1970 till today to rule us
Re: Construction Materials Price Increases Over Selected Periods by SteveDesmond: 1:33pm On Mar 30
Wahala de o... May God be with us.
Re: Construction Materials Price Increases Over Selected Periods by MrJames007: 1:34pm On Mar 30
Hmmmmmmmmmmmmmmmmmmm
Re: Construction Materials Price Increases Over Selected Periods by lastmessenger: 1:34pm On Mar 30
And people still want APC to continue?
Re: Construction Materials Price Increases Over Selected Periods by RollinTNDA:
Nigerians all need to kneel down and beg Goodluck Jonathan for forgiveness

Re: Construction Materials Price Increases Over Selected Periods by DONOCSO(m): 1:36pm On Mar 30
Government-regulated prices do not hold water. Look at the case of petrol "subsidy" for an idea of how it will play out.

We need the people in government to be responsible and do what is right, not fix prices.
Re: Construction Materials Price Increases Over Selected Periods by gboyetade: 1:40pm On Mar 30
God help those who are yet to own a house
Re: Construction Materials Price Increases Over Selected Periods by Ibehchizzy: 1:40pm On Mar 30
RollinTNDA:
Landlord wey build house when cement was 1500 will come and be increasing rent.

Baba you built house during Jonathan era

Why you come dey tell me price of rod had increased.

No be the same rod you buy during Jonathan time for very cheap price??

These landlord/landladies are demonic
them go tell you cost of living has gone up
Re: Construction Materials Price Increases Over Selected Periods by amaridigital(m): 1:42pm On Mar 30
DrMB:
At this rate, do you think we need more government regulation on building material prices, or is this just the new global reality?
Let’s discuss in the comments. Are you still building, or are you waiting for prices to "crash"? 👇




Source
A bag of cement sold for #38 naira in 1990 was being sold for #1850 during Jonathan's regime.
It means that the price of one kg of cement during Jonathan's regime could buy 48 bags of cement in 1990. That means the price of only 10 bags of cement during Jonathan's era would be enough to buy 480 bags which would complete a 3 bedroom flat in 1990.
Does that mean that every Nigerian owned a house in 1990?
We have more beautiful Mansions now than we have when cement was #10 per bag.
Pray make you no follow them to this come world just to look then die for nothing only criticize Government upon Government.
If cement dey sell for #50 tomorrow no be everybody go build.
Re: Construction Materials Price Increases Over Selected Periods by Emusan(m): 1:43pm On Mar 30
RollinTNDA:
Landlord wey build house when cement was 1500 will come and be increasing rent.

Baba you built house during Jonathan era

Why you come dey tell me price of rod had increased.

No be the same rod you buy during Jonathan time for very cheap price??

These landlord/landladies are demonic
And the Landlord is still buying things in the market where the price of goods are the same with when the price of cement is ₦1,500
Re: Construction Materials Price Increases Over Selected Periods by Bennycollins: 1:51pm On Mar 30
RollinTNDA:
Landlord wey build house when cement was 1500 will come and be increasing rent.

Baba you built house during Jonathan era

Why you come dey tell me price of rod had increased.

No be the same rod you buy during Jonathan time for very cheap price??

These landlord/landladies are demonic
Oh you want the rent to remain what it was when cement was 1500 huh?
Re: Construction Materials Price Increases Over Selected Periods by SeverusSnape(m): 1:51pm On Mar 30
RollinTNDA:
Nigerians all need to kneel down and beg Goodluck Jonathan for forgiveness
No o
It's the useless ones amongst us that need to beg the man, Someone like me supported him with my whole heart.
Re: Construction Materials Price Increases Over Selected Periods by qtx(m): 1:52pm On Mar 30
amaridigital:
A bag of cement sold for #38 naira in 1990 was being sold for #1850 during Jonathan's regime.
It means that the price of one kg of cement during Jonathan's regime could be 48 bags of cement in 1990. That means the price of only 10 bags of cement during Jonathan's era would be enough to buy 480 bags which would complete a 3 bedroom flat in 1990.
Does that mean that every Nigerian owned a house in 1990?
We have more beautiful Mansions now than we have when cement was #10 per bag.
Pray make you no follow them to this come world just to look then die for nothing only criticize Government upon Government.
If cement dey sell for #50 tomorrow no be everybody go build.
Na this kind of people de hide get things from government. If not why would you suggest people should not complain when price of things go up outrageously? Isn't it the fault of government due to their wrong policies? What will I even say when there were some people who were protesting in favour of abacha's continuity. Is it yours that will be different?
Re: Construction Materials Price Increases Over Selected Periods by tctrills: 1:52pm On Mar 30
RollinTNDA:
Landlord wey build house when cement was 1500 will come and be increasing rent.

Baba you built house during Jonathan era

Why you come dey tell me price of rod had increased.

No be the same rod you buy during Jonathan time for very cheap price??

These landlord/landladies are demonic
He needs to increase it oh because he is not buying rice, beans and eggs at the Jonathan price. Even your landlord needs to provide for his family.
Re: Construction Materials Price Increases Over Selected Periods by funsho75(m): 1:55pm On Mar 30
RollinTNDA:
Nigerians all need to kneel down and beg Goodluck Jonathan for forgiveness
As if he was better, life was way more better ur previous administration... Should we beg Obasanjo, Abacha etc...
Re: Construction Materials Price Increases Over Selected Periods by Okoyeeboz: 1:55pm On Mar 30
The more Dangote penetrates the market, the higher the price of the commodity.

Leave cement, check sugar too.
Re: Construction Materials Price Increases Over Selected Periods by tctrills: 1:55pm On Mar 30
amaridigital:
A bag of cement sold for #38 naira in 1990 was being sold for #1850 during Jonathan's regime.
It means that the price of one kg of cement during Jonathan's regime could buy 48 bags of cement in 1990. That means the price of only 10 bags of cement during Jonathan's era would be enough to buy 480 bags which would complete a 3 bedroom flat in 1990.
Does that mean that every Nigerian owned a house in 1990?
We have more beautiful Mansions now than we have when cement was #10 per bag.
Pray make you no follow them to this come world just to look then die for nothing only criticize Government upon Government.
If cement dey sell for #50 tomorrow no be everybody go build.
You think prayers will fix this mess? So maybe we should blame God not government. I hear you
Re: Construction Materials Price Increases Over Selected Periods by funsho75(m): 1:56pm On Mar 30
lastmessenger:
And people still want APC to continue?
Lol...
90% of people in APC are from PDP

And if we bring another party, those guys will still move

We need to start thinking beyond parties
Re: Construction Materials Price Increases Over Selected Periods by mukthar2000(m): 1:56pm On Mar 30
For that 2020 I bought it #2500, when the price increase to #3000 baba my contractor said I should by it for that #3000, I said no till the price return back to that #2500 that I we not buy, not knowing that I we still buy it #10500 . grin



God Mercy on Niger ooo
Re: Construction Materials Price Increases Over Selected Periods by owobokiri(m): 1:57pm On Mar 30
Tinubu and Dangote have finished Nigeria kpatakpataa..
Re: Construction Materials Price Increases Over Selected Periods by GboyegaD(m): 1:58pm On Mar 30
RollinTNDA:
Landlord wey build house when cement was 1500 will come and be increasing rent.

Baba you built house during Jonathan era

Why you come dey tell me price of rod had increased.

No be the same rod you buy during Jonathan time for very cheap price??

These landlord/landladies are demonic
Are they charged the old price for the maintenance? Rather than focus on the government who is the cause of your pain you are blaming a fellow who is in pains with you. Isn't this witchcraft.
Re: Construction Materials Price Increases Over Selected Periods by DuttyChuks: 1:58pm On Mar 30
RollinTNDA:
Landlord wey build house when cement was 1500 will come and be increasing rent.

Baba you built house during Jonathan era

Why you come dey tell me price of rod had increased.

No be the same rod you buy during Jonathan time for very cheap price??

These landlord/landladies are demonic
If you don't like it, strive to build your own. No hate!
Re: Construction Materials Price Increases Over Selected Periods by Akwamkpuruamu: 1:59pm On Mar 30
RollinTNDA:
Landlord wey build house when cement was 1500 will come and be increasing rent.

Baba you built house during Jonathan era

Why you come dey tell me price of rod had increased.

No be the same rod you buy during Jonathan time for very cheap price??




These landlord/landladies are demonic
The rent he receives now, can it foot the same bills he was paying for, when he built the house?
Re: Construction Materials Price Increases Over Selected Periods by RollinTNDA: 2:00pm On Mar 30
What has price of rod have to do with a house you built with cheap rodshuh?
tctrills:
He needs to increase it oh because he is not buying rice, beans and eggs at the Jonathan price. Even your landlord needs to provide for his family.
Re: Construction Materials Price Increases Over Selected Periods by anonimi: 2:01pm On Mar 30
RollinTNDA:
Landlord wey build house when cement was 1500 will come and be increasing rent.

Baba you built house during Jonathan era

Why you come dey tell me price of rod had increased.

No be the same rod you buy during Jonathan time for very cheap price??

These landlord/landladies are demonic
Are you not the demonic one who wants to reap what you didn’t sow?

Is petrol, school fees, food prices etc at the same level that they were before we swapped PDP widespread prosperity for APC extreme poverty shege, which city boy fraudulently sold as positive change 11 years ago huh
Re: Construction Materials Price Increases Over Selected Periods by tctrills: 2:01pm On Mar 30
RollinTNDA:
What has price of rod have to do with a house you built with cheap rodshuh?
Wouldn't he feed his family? If prices of food goes up, I need to increase house rent to afford food.
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