Le président A pioneer of the Guild for the Prevention of Building Collapse and former president of the Nigerian Institute of Builders, Kunle Awobodu speaks in an interview about rising prices of building materials and the elusiveness of home ownership in the country

Rising prices for building materials cooled the enthusiasm of potential homeowners. According to Kunle Awobodu, it has become difficult to prepare an estimate or budget that can be supported by a realistic project duration. At the beginning of November 2024, the price soared to 1,350,000 N. However, a similar 16mm TMT rebar produced by another manufacturer sold at 1,100,000 N per ton, although with a slightly reduced size/diameter and lower tensile strength, as revealed by laboratory tests, he said

Projects may be abandoned in limited funding situations where fluctuations due to inflation cannot be taken into account. He believes the main building materials, such as steel rebar, cement, cement, sand, granite, and wood, are manufactured or purchased locally.