Prices of building materials have gone up by about 20 per cent in parts of Delta, the News Agency of Nigeria (NAN) reports.
A survey by the
state’s ministry of economic planning indicated that a bag of Elephant
and Dangote cement, which sold at N1,600 in Asaba, Ughelli, Warri, and
Sapele in December 2010, now cost N1,900.
The survey also
showed that a single bar of iron rod now sells for N1,850, up from
N1,600 it was sold in the cities in December 2010.
Some building
materials dealers who spoke to NAN attributed the increase in the
prices of the items to high cost of diesel as well as low exchange rate
of the naira against the dollar.
