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As Nigeria grapples with the ongoing economic downturn, the effects are reverberating across various aspects of daily life, including the housing sector, where rising cement prices are reshaping building practices.
Traditionally reliant on cement for construction, Nigerians are now exploring alternative options as the price of cement reaches unprecedented highs. The days of easily erecting structures, even for small-scale projects, are fading as the cost of building materials skyrockets.
The exorbitant cost of cement is not only impacting individual homeowners but also affecting rental prices, with landlords compelled to adjust rates to cover increased construction expenses.
In response to the cement price surge, many are turning to container housing, a concept that has gained traction due to its affordability and adaptability. Folawe Adeniran, an auto dealer in Benin, opted for container construction after encountering inflated quotes for traditional building materials. Despite initial skepticism, Adeniran found container housing to be cost-effective and efficient, offering relief from the heat and reducing construction expenses significantly.
Similarly, Mr. Friday Badmus, a trader, embraced container housing when faced with an exorbitant rent increase. Rather than borrowing or compromising his family’s financial stability, Badmus and his wife pooled their resources to build a container apartment on their land, providing a practical and budget-friendly housing solution.
Containers, once primarily used for transportation, are now being repurposed into comfortable living spaces, thanks to advancements in technology and production methods. Construction engineer Blessing George highlights the affordability of container housing, citing costs ranging from N100,000 to N150,000 per square meter, depending on specifications and finishes.
The versatility and cost-effectiveness of container housing have made it an attractive option for both commercial and residential purposes, particularly as the high price of cement drives individuals to seek alternative building methods.
Market surveys indicate that the price of cement has surged, reaching as high as N11,300 per bag in some states, compared to N5,500 in January 2024. This drastic increase has prompted a shift in construction practices, with container housing emerging as a viable solution amidst the challenging economic landscape.
