Building Cost is on a Sharp Rise.

[Tobcom]

In less than one month,
Cement moved to 11,500
Sand moved to 200,000
6-inch block moved to 850 per one.

Project managers are now looking like thieves when they drop a quotation.
House rents are now becoming unaffordable.

Housing problem is becoming a menace and the number one culprit is the government.

If your parents have a house in town, don't leave your father's house, in fact, marry there. And when they are dead, abeg fight for property.

 

[Benjamin E Housel]

In less than one month,
Cement moved to 11,500
Sand moved to 200,000
6-inch block moved to 850 per one.

Project managers are now looking like thieves when they drop a quotation.
House rents are now becoming unaffordable.

Housing problem is becoming a menace and the number one culprit is the government.

If your parents have a house in town, don't leave your father's house, in fact, marry there. And when they are dead, abeg fight for property.

You have touched on a very real and painful truth.

When the cost of basic building materials like cement, sand, blocks jumps so sharply in a short period, it’s not just a construction issue; it’s a systemic economic problem.

Every spike feeds directly into housing costs, making rentals and new construction increasingly unaffordable.

 

[Benjamin E Housel]

In less than one month,
Cement moved to 11,500
Sand moved to 200,000
6-inch block moved to 850 per one.

Project managers are now looking like thieves when they drop a quotation.
House rents are now becoming unaffordable.

Housing problem is becoming a menace and the number one culprit is the government.

If your parents have a house in town, don't leave your father's house, in fact, marry there. And when they are dead, abeg fight for property.

From a financial perspective, this is a classic inflation ripple effect: input costs rise, developers pass the cost onto buyers or renters, and soon housing becomes out of reach for average earners.

Project managers aren’t “thieves”, they are simply pricing for survival in an environment where costs are volatile.

 

[Benjamin E Housel]

In less than one month,
Cement moved to 11,500
Sand moved to 200,000
6-inch block moved to 850 per one.

Project managers are now looking like thieves when they drop a quotation.
House rents are now becoming unaffordable.

Housing problem is becoming a menace and the number one culprit is the government.

If your parents have a house in town, don't leave your father's house, in fact, marry there. And when they are dead, abeg fight for property.

The government’s role, or lack thereof, in providing affordable housing and stabilizing infrastructure costs is central.

Without interventions such as housing policies, subsidies, or urban planning, this trend is unlikely to reverse.

 

[DinoOmoAle]

In less than one month,
Cement moved to 11,500
Sand moved to 200,000
6-inch block moved to 850 per one.

Project managers are now looking like thieves when they drop a quotation.
House rents are now becoming unaffordable.

Housing problem is becoming a menace and the number one culprit is the government.

If your parents have a house in town, don't leave your father's house, in fact, marry there. And when they are dead, abeg fight for property.

they need tofix this thing sha, cos this means rent goes up and many other things, bad for the economy. They need other bring people from other contries like Niger, Chad so they can build for cheap.

 

[Vicole]

In less than one month,
Cement moved to 11,500
Sand moved to 200,000
6-inch block moved to 850 per one.

Project managers are now looking like thieves when they drop a quotation.
House rents are now becoming unaffordable.

Housing problem is becoming a menace and the number one culprit is the government.

If your parents have a house in town, don't leave your father's house, in fact, marry there. And when they are dead, abeg fight for property.

Exactly. The rapid rise in building materials and rents is making housing unaffordable for many. Government policies—or the lack of effective intervention—play a big role. Holding onto family property is increasingly becoming a crucial safety net.

 

[Vicole]

You have touched on a very real and painful truth.

When the cost of basic building materials like cement, sand, blocks jumps so sharply in a short period, it’s not just a construction issue; it’s a systemic economic problem.

Every spike feeds directly into housing costs, making rentals and new construction increasingly unaffordable.

True. When prices for things like cement, sand, and blocks jump so fast, it hits everyone. Rents go up and building a house becomes harder for ordinary people.

 

[Vicole]

From a financial perspective, this is a classic inflation ripple effect: input costs rise, developers pass the cost onto buyers or renters, and soon housing becomes out of reach for average earners.

Project managers aren’t “thieves”, they are simply pricing for survival in an environment where costs are volatile.

Exactly. When building costs rise, developers just pass it on, and housing gets expensive fast. Project managers aren’t being greedy—they’re just trying to stay afloat in a tough market.

 

[Vicole]

The government’s role, or lack thereof, in providing affordable housing and stabilizing infrastructure costs is central.

Without interventions such as housing policies, subsidies, or urban planning, this trend is unlikely to reverse.

Exactly. The government needs to step in with policies, subsidies, or planning. Without that, housing will just keep getting more expensive.

 

[Vicole]

they need tofix this thing sha, cos this means rent goes up and many other things, bad for the economy. They need other bring people from other contries like Niger, Chad so they can build for cheap.

True. They really need to fix this—rising rents hurt everyone and slow the economy. Bringing in skilled workers from neighboring countries could help lower construction costs.