Some projects that were once abandoned due to the hike in the cement price a few months ago have now began to get attention of their owners, as work has gradually resumed at some of the sites, following reduction in price and availability of cement.

The Tide had observed that some building projects were put on hold as a result of skyrocketed price of cement which shifted from N1,600 to N2,400 per bag between January and early part of May this year, but the gradual reduction in cement price has brought a charge, as work has resumed at these project sites.

Some developers The Tide cornered were of the view that the high cost of materials, particularly cement slowed down the pace of their project work.

A former councilor in Obio/Akpor Council fondly known as “Fabulous” said that he laid foundation for his building project when the price of cement was N1,650 in January this year, but that things changed dramatically when cement price rose to N2,500 between February and March.

He said that work had to be put on hold when he could no longer cope with the high cost of cement, but that he was relieved when price ‘reduced to N1,900 which has enabled him to resume work.

When The Tide visited some previously abandoned sites, it was discovered that work has resumed as workers were busy once more.

Some have also claimed that the fast approaching raining season, coupled with the reduction in cement prices has gingered developers back to site again.

It would be recalled that cement manufacturers in their recent meeting with president Goodluck Jonathan agreed to bring down cement price.

Corlins Walter