The Effect of Increase in the Cost of Building Materials on Housing Provision

Abstract

The Structure and Development area is exceptionally pivotal in any country's social and monetary improvement as it is the spine to building advancement in any country and one of the essential variable which makes it practical is building materials which is likewise a reliant component on the expense of obtaining the materials. This paper subsequently analyzes the impacts of building material expense on lodging conveyance in Kwara State. A sum of 50 surveys is regulated in the center region of the city utilizing basic irregular examining procedure. The discoveries from the review shows that a few elements liable for the increasing expense of building materials are government strategy, the present monetary circumstance of the country as well as the demeanor of the structure material venders. The concentrate likewise showed that the increasing expense of the structure materials has high ramifications on reasonable lodging arrangement in the review region, hazard of task deserting because of defer in project finishing, development of unsatisfactory houses as well as expansion in the cost of lease. It was suggested that; the public authority ought to plan strategy that will make light of the fomentations on the utilization of imported building materials by empowering research in the creation of neighborhood building materials, government ought to have an effect by financing the award of building materials to expand the norm of building involving satisfactory and proficient materials for building and the cost of building materials ought to be checked and essential approach set up to support the development of houses by engineers and this thus will likewise assist them with giving a sensible cost for lease to occupants.