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What is Building Materials Price Fluctuation in Nigeria about?

This article examines the influence of building materials price fluctuations on the cost of building products in Nigeria. The study finds that economic factors like inflation, demand and supply forces, and exchange rates are significant drivers of price volatility. Difficulty in forecasting and planning and project cost overruns are common effects. Price indices show an average 11.02% increase in building material costs and 8.73% increase in house rents annually over the past decade. Increases in material c

Author

Agwu Obinna

Language

EN