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Building Materials Prices Rise In Enugu

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There are indications that the prices of some building materials are on the increase in Enugu, South East Nigeria The Tide can confirm.
Our correspondent reports that the recorded increases were due to hike in road transportation fare and the attendant bad roads.
The Tide’s investigation revealed that there was an increase of between 10 per cent and 15 per cent in the cost of most of the building materials.
Mr Magnus Uguru, who deals on iron rods at the Kenyatta Market, lamented that the deplorable condition of roads particularly in the South East zone contributed to the hike in price.
According to him, it takes vehicles longer hours on the roads to deliver goods from Kano, Benue, Aba, and Port Harcourt to Enugu due to the bad roads.
Uguru also said that the Federal Government’s ban on the importation of some of the products into the country influenced their local production which had not made things cheaper.
He said that the insecurity being witnessed at the Northern part of the country was also a problem as many lorry drivers dreaded going there for fear of being attacked.
Mr Obiorah Atansi, another dealer on iron rods at the Kenyatta market said that the rainy season was always their dry season in sales as they recorded very low  patronage during the season.
Atansi said that 16mm length of rod had recorded slight increase to N3,750 as against N3,350 they sold late last year, while 12mm was now sold for N2,300 as against N2,000 in the same period last year.
Others that recorded slight increases according to him, are 10mm which is sold for N1,500 as against N1,250 and 8mm now sells for N950 as against N850.
A cement dealer, Mr Chigozie Ugwu, said Burham brand of cement which cost N2,400 before, now sells for N2,550, adding that the same increase was also applicable to Dangote cement which is more popular in Nigerian markets.
“Dangote was sold for N2,350 about six months ago but now sells for N2500 and N2,550 depending on where you buy the product from.
“Unicem Cement which people refer to as very essential was sold six months ago at the rate of N2,700 but now sells at the rate of N2,850.
“A bag of Ibeto Cement which is more popular in southern part of the country was sold  at N2,500 before, but now costs N2,650, while Bua Cement which they refer to as foreign product but now sells for N2650 as against N2,550 it sold six months ago.
Mr Job Uwakwe, another dealer at the Nike Timber Market, Abakpa Nike, confirmed that the prices were the same at the market.
Uwakwe, however, appealed to the government to complete the roads in the zone to reduce the price of the products.
A building contractor, Mr Joel Anikwe, lamented that the cost of building materials was very high in the market adding that an average man cannot build a house of his own with the present cost of building materials.
The contractor appealed to governments at all levels to look into the cost of building materials to enable a common man to provide shelter for his family.

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Housing/Property

Edo Moves To Provide Land For Oil Palm Investors

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Edo State Governor, Mr Godwin Obaseki, says the state government has concluded plans to open up about 100, 000 hectares of new land for oil palm investors in the state.
Obaseki made this known during the 2019 Alaghodaro Youth Summit held in Benin to mark his third year in office.
He said: “From next month, we will make available 100,000 hectares of new land for oil palm production to investors.
“Indonesia earns more from oil palm production than crude oil. We are going to make Edo the palm oil hub of Nigeria.
“If we are to be able to cultivate 100,000 hectares of oil palm, we will need a minimum of two or three people to cultivate one hectare of oil palm.
“We will have created about 300,000 jobs from oil palm production alone.”
The governor said that his administration was mapping out the state’s economy and looking at the future through its 30-year development plan to know what to spend money on.
“Our Ossiomo independent power supply would soon be available in the state.
“I cannot guarantee that you will have it in your homes, but I can assure you that you will have it to power the street lights, production centres, offices and business centres in the state.”
Obaseki disclosed that he had created 157,000 jobs in the last three years.
According to him, 45,000 jobs were created through job tracking for organisations, 23,000 through Edo Innovation Programme, 1,300 through food and agriculture, and 16,000 through Edo Production Centre.
The governor added that 12,000 other jobs were created through the National Social Investment Programme, 10,000 through the ministry of wealth creation, and 32,000 from indirect jobs.

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Housing/Property

Climate Change: Experts Demand More Green Buildings

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A lecturer in the Department of Quantity Surveying, Federal University of Technology Akure (FUTA), Mrs Olubunmi Ade-Ojo, has called on government at all levels to be proactive about advocacy for green building, as part of measures to control climate change.
Ade-Ojo made this call on the sidelines of the commemoration of the 2019 70th anniversary of the Nigerian Institute of Town Planners in Akure, yesterday.
She observed that people often believed that the maintenance of a green building was expensive and risky due to infestation of reptiles.
The lecturer explained that the land on which people built their houses and used for other activities was gradually reducing on a daily basis.
She, therefore, called on government to formulate policies that would prevent wastage in the society.
Ade-Ojo, also, admonished policy makers across the country to know the importance of the roles of town planners in Nigeria.
He implored state governments across the country,  to embark on a massive campaign to sensitise the people on the need to always consult the Ministry of Physical Planing before erecting building structures.
Also, the Chairman, Nigerian Institute of Town Planner, Ondo State chapter, Mr Omole Kayode, stressed the need for people to recognise the importance of tree planting in their environment, which, he said, could prevent untimely death in the society.
He observed that the environment was now being compressed due to increase in population and buildings among other things.
Omole stressed that the occasion was to educate the public on the danger of climate change and how to proffer lasting solution to it.

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Housing/Property

College Begins Construction Of N310m Auditorium

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The College of Insurance and Financial Management (CIFM), Lagos-Ibadan Expressway yesterday held the Sod Turning Ceremony of its proposed N310 million auditorium to boost infrastructure development.
President, Chartered Insurance Institute of Nigeria (CIIN), Mr Eddie Efekoha, at the ceremony, handed over the project to Acropolis Contractors for completion within the next 12 months.
Efekoha said that the institute would continue to invest in manpower development which is its core mandate to upgrade insurance practice and industry in Nigeria to meet up with global standard.
He urged the contractors to cooperate with the college during the course of the construction, to ensure timely completion of the project.
In his address, Chairman , Governing Council, CIFM, Mr Muftau Oyegunle, said that the college had continued to make tremendous progress in terms of infrastructure development.
“Academically, we are forging ahead, and in terms of infrastructural development, we have continued to make progress,” he said.
Oyegunle commended the CIIN President for carrying out the project during his tenure and also investing in the college.
Rector, CIFM, Mrs Yeside Oyetayo, told newsmen on the sideline of the event that the college was depending on a grant from the National Insurance Commission (NAICOM) and support from other sponsors to fund the project.
Oyetayo said that the 1,650-capacity auditorium was expected to be delivered in the next 12 months.
“The estimate amount for the project is about N310 million with consultancy fee and we expect that it will be delivered in 12 months.
“For now, we are relying on NAICOM grant to fund the project, while expecting that other sponsors would also come up to assist,” she said.
CIFM is a full-fledged college set up by CIIN to undertake its training function.
The College provides in-depth training in insurance, financial management, marketing and other related fields.

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