Why Are Construction Material Prices Skyrocketing in Nigeria?

Construction material costs have surged across Nigeria. Cement prices alone rose 367% from 2019 to 2026. Doors jumped 245% and iron rods climbed 137% in just one year. Sharp sand is up 25% and steel 20% over the past year. Should the government intervene to cap these prices? Or is this rise part of a wider global trend? Are you still pressing on with your building project, or are you waiting for costs to ease? Let’s hear your thoughts.

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