21 June 2010

Nigeria: Prices of Building Materials Stable in Delta

The price of building materials in major cities in Delta have remained stable since the beginning of the second quarter of this year.

A bundle of 20 sheets of corrugated iron, which dropped from about N12,000 to N10,700 in April has remained unchanged in Asaba, Sapele, Oleh and other towns.

Similarly, the price of a sheet of 1.2 mx2m of Asbestos (ceiling), and that of an iron rod in Warri, Asaba, Agbor and Ughelli, have remained stable at N700 and N2,200 respectively.

A survey conducted by NAN showed that a bag of cement, which fell from about N2,000 to N1,750 in Asaba, Sapele, Warri and Ughelli in April and May, still sells at that rate.

NAN also reports that one pair of aluminium blades for window has been selling at N500 in Asaba, Warri and Ughelli in the past two months.

Some of the building material dealers, who spoke to NAN, attributed the price stability to the rainy season and the global economic recession.


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