A Study On The Trends In Building Cost In Nigeria

A Study On The Trends In Building Cost In Nigeria

Chapter One

Preface

The dictionary description of trends simply means “ to move or extend in a specific direction ”( Long Man Family Dictionary) also trends simply means “ a general direction in which a situation is changing or developing ”( Advance Learner’s Dictionary).

Leaning on, this description of “ trends ” therefore the subject matter “ trends in erecting cost in Nigeria ” can be described as a way to move or extend in a specific direction of erecting cost in Nigeria.

This trend in erecting cost is associated with the cost of erecting a structure which includes the physical medication and experimental cost.

The construction assiduity is veritably vital to the socio- profitable development of a nation, this is because the affordability or else of construction affect the confidence of the citizen in their actuality in any nation.

One of the first and utmost abecedarian aspect of mortal requirements is sanctum, thus, it come necessary that the cost of constructing a given structure design should be within the reach of the average citizens,(Dr.A.R Oladele 2007).

Over the times, the discovery of oil painting in Nigeria alongside with adding population led to the increase in the demand for structure in Nigeria.

Also the unscheduled changes of government in Nigeria lead to the expression of policics from one government to the other which occasionally don’t favour the construction assiduity.

These trends in erecting cost are caused by the following factors which include

system of construction

Limited number of manufacturers of structure accoutrements

Employment of foreign deportees

proliferation of stipend

Import tariff

Energy failure

Bribery and corruption

Alternate league of foreign exchange

These reasons mentioned over are making a tremendous donation to the adding structure cost which in turn posing a implicit blockage to the chance of the lower privileged bones to enjoy a house or structure and also went further to make it delicate for them to pay rent charged by the letter on a house.

thus, this design is aimed at pressing colorful factors that impact these trends in erecting cost in Nigeria. And to come up with possible result to dock these treads through oral interview and questionnaires with parties involved also to mokes the changes within the period of ten times( 10 times)( 2000- 2010).

Statement Of The Problems

One of the challenges faced by the construction assiduity in Nigeria is the change of the prices of structure accoutrements which lead to upward and downcast movement of erecting cost in Nigeria.

utmost average Nigeria citizens are of low income thereby making it delicate for them to enjoy a structure if these trends aren’t duly study to plan ahead of time for a given design.

Points And Objects Of The Study

Aim The end of this study is to pierce the trends in erecting cost in Nigeria from( 2000- 2010).

Objects

This design has the following objects

To identify the behavioural pattern of erecting cost within a given period of time.

To determine the goods of these trends as it affect the society

To identify the causes of trends and how it can be controlled in the society.

To make probable recommendations on where applicable.

Significant Of The Study

To ascertain possible ways of using cost comparison of different cost of structure design in Nigeria.

Compass And Lamination

This thesis is to examine a general tendency on how cost of erecting changes in respects to time and in relation to plant, labour and accoutrements .

The study is limited to the comparison of the cost of a two bedroom bungalow over a period of ten times( 10 yrs) through updating of some major structure element attained from bill of amounts from tender rates in relation to the trends from( 2000 – 2010) using the cost indicator system of analysis.

Methodology

The system espoused for this thesis includes oral interviews, questionnaires and case study of two( 2) bedroom bungalow.