Friday, September 22, 2023

Video - Nigeria eyes local production of building materials

Rising inflation in Nigeria is reported to be pushing up the prices of building materials and housing. According to data from Nigeria's Bureau of Statistics, inflation jumped to an 18-year high of 25.8 percent in August which has seen building materials, mostly imported, become more expensive. Developers are calling on the government to address this problem, possibly by facilitating more local manufacturing of these inputs.


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