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Building Materials Record Price Increase In Delta

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Prices of some essential building materials have increased in the last two months in Delta, our correspondent  reports.

Our investigation revealed that items affected in the price increase included iron rod, sharp sand, granites and cement blocks.

The survey showed that a single bar of iron rod which was sold for N1800 in Asaba, Ughelli, Warri, Sapele and Issele-Uku in March, now sells for N2000.

Similarly, a tipper load of granite stone sold for N49,000 in the cities between March and April, has gone up to N50,000 while a load of sharp sand rose to N15,000 from its former price of N14,000.

During the period, price of a six-inch block rose from N120 to N125 in the area.

Some dealers in building materials who spoke to our correspondent, attributed the minimal increase in the prices of the items to high cost of transportation occasioned by the January increase in petrol price.

Mr John Adebayo of Adebayo Concrete Industry, Asaba, decried the increase in prices of the building materials, noting that “at this period of the year, the prices of building materials usually drop because of the rainy season.”

According to him, the increase in the price of building materials has not only reduced the number of our customers, it has also discouraged the few persons who are still managing to continue with their building projects.

Similarly, a market survey report by Delta Ministry of Economic Planning made available to us confirmed the increase in the prices of the materials, including cement.

According to the survey, a bag of Elephant and Dangote brands which were sold for N2,100 in Asaba, Agbor, Sapele and Warri in March, has increased to N2,200, while a bag of Ibeto cement went up to N2, 150 from N2,050.

Confirming the new price of cement, a dealer, Mr Ignatus Okeke, said: “the cost price of cement from our major suppliers has increased in the last few weeks and there is no way we can sell at the same cost we are buying from them.

“And, apart from the increase in the cost price, cost of transportation has also increased and both added to the increase at our level.’’

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Housing/Property

Construction Safety: Builders  Seek New Procurement Standards 

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With the conclusion of its annual conference, the Nigerian Institute of Builders (NIOB) has sought for new procurement standards.
The conference which held in Port Harcourt focused on: Health, Safety, Enforcement and Professionalism for Sustainable Development” with experts in the built industry proffering solutions to the challenges facing the sector.
President of the NIOB, Kenneth Nduka while discussing the focus of the conference stressed that the enforcement of procurement laws will help infuse security and safety standards.
In an era where quacks have infiltrated the built sector, Nduka opined that procurement will check the problem of corruption , compromise of standards and the use of sub- standard products for construction.
“For us, safety and security should be a way of life fo every builder. We must embrace it as a routine”, Nduka said.
While speaking on the topic: Appraisal  of Health, Safety Practices of Small and Medium Construction Sites”, Dr. Muyiwa Abubakar, a lecturer in Building Department, Abubakar Tafawa Balewa University disclosed that 60 percent of fatalities in construction sites come from buildings.
Abubakar stated that safety is pertinent so as to meet target time since construction is characterised  with risks and hazards.
The lecturer harped on safety management practices that would be driven by training , competence and enforcement.
On his part, Dr Chris Igwe suggested that quality must not be compromised to ensure safety.
For him, enforcement of standards leads to adoption of safety and security at construction sites.

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Housing/Property

‘Industrialisation, Key To Achieving Local Content In Housing’

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A member of Real Estate Developers Association of Nigeria (REDAN), Mr Benson Ngbede, says industrialisation is key to achieving local content inputs in providing affordable housing for citizens.
Ngbede told newsmen recently in Abuja that building houses would be cheaper when the country is able to develop its industries and locally produce materials that were currently imported.
“Most resources required to build houses are locally available in their raw state. Establishing industries that will turn these raw materials into finished products for builders will ensure affordable houses for citizens.
“Government needs to put in place what is needed for developers to provide houses at relatively affordable prices; that entails availability of land and infrastructure.
“We also need to look inward. We need to develop our industries. We need to be more industrialised to help us develop local content. “If we can do that, one bedroom house can go for 1million naira, 2 bedroom for about 1.5 million, while a 3 bedroom house can be sold for N3 million, since the materials are sourced at home
“To achieve this, institutions like NIBRRI must be properly funded and supported to carry out researches that will help develop materials needed to build houses.
“We have a place like Ajaokuta which can supply iron to the entire African continent, but it is lying there idle nd not working, forcing us to import metals from other places in the world, and at a high cost,” Ngbede lamented.
He also urged government to provide infrastructure, drainage, roads and other facilities necessary for real estate developers so as to ensure a consequence reduction in the cost of houses.

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Housing/Property

Housing Deficit: NGO To Invest $180m In Five Years

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Shelter Afrique, an NGO, is to invest 180 million dollars in five years toward addressing Nigeria’s housing deficit, Mr Andrew Chimphondah, its Managing Director, said yesterday in Abuja.
Chimphondah said that the investment period would span from 2019 to 2024.
He said that Nigeria was a strategic market for Shelter Afrique, adding that the outfit’s shareholders included 44 African countries and two financial institutions.
According to him, Shelter Afrique provides loans, grants and credits for the development of the environment and the provision of houses for Africans.
Chimphondah said that Nigeria had 70 to 20 million estimated housing  shortage.
“We are looking at the demand and supply side of housing. For the supply side, we will enter into Public-Private-Partnership with government with government providing land and subsidised infrastructure.
“Our organisation will provide the funding and expertise to carry out the project.
“We will commit and dedicate all the expertise to ensure that quality houses are delivered; we will also ensure that the houses are energy efficient, environmental friendly and comfortable,” he added.
Chimphondah said that most financial institutions had often complained of funding, but assured Nigerians that the NGO would fashion out a way to reduce the cost of the houses.

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