Odin13:
North is becoming upset with Tinubu’s Yoruba People’s Government.

suicide bombers

Just a year in government..

Yoruba serve it to Gej hot hot with the same north on same template , and same pattern.. they blamed him for insecurity and even march in solidarity with northern Nigeria

Yoruba never blame north or abuse north during all these

Today ..
Yoruba is not blaming the President for insecurity... rather, Yoruba is blaming, cursing and abusing northern Nigeria..

I would have love .. if north will allow him atleast 2years .. before ..
But the Yoruba Government is bend on destroying powerful northerners to create puppets they Yoruba man can lord .. forgetting he’s dealing with his masters ..

Alimodu sherif .. once threaten to slap the fvck from Tinubu in the presence of them president .. Na that kind man Tinubu wan dare as Yoruba god?

Or
Which of them in the North..

Tinubu will understand .. shettima and all his small small kids are chicken in north .. the big cows are gathering .. if he’s like this in a year in power .. what will happen in 8 years

30 suicide bombers .. first batch..

Second and others batches will be unleashed soon.. that’s the Vice President state

I believe Yoruba people will start the new propaganda of northerners are killing themselves and all blas .. that’s when the west will understand the had done themselves evil..

In life .. what you give is what you get.. some say no karma.. but Mother Nature is not a being to toy with

I wish Yoruba Government of Tinubu the best..

Just yesterday day night.. Apostle Joshua Selman said he saw a vision of Suicide bombing returning back as it were during GEJ.
God help us oo

Rread

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This is an update to my previous post.


The price of Asphalt in Lagos per ton is N125,000

The price of Asphalt in Portharcourt (Rivers state) per ton is between N135,500 to N137,500

The price of Asphalt in Delta State per ton

Asaba is N125,000
Ughelli/ Warri/Uzoro is N122,000


The price is subjected to changes

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As Nigeria continues its journey towards infrastructural development and modernization, the construction industry remains a key player in this transformation. At the heart of this industry lie bitumen and asphalt, crucial materials for road construction and maintenance. Keeping an eye on the fluctuating prices of these commodities is essential for contractors, government agencies, and stakeholders in the construction sector. Here, we delve into the current prices of bitumen and asphalt in Nigeria for June 2024, providing valuable insights into the market trends and factors influencing these prices.

Bitumen: The Foundation of Road Construction

Current Price of Bitumen

As of June 2024, the price of bitumen in Nigeria stands at ₦1,309,000 per ton, excluding transportation costs. Bitumen, a viscous material derived from crude oil, is a critical component in asphalt production, playing a pivotal role in road construction and repairs.

The price of bitumen has been notably volatile, reflecting fluctuations in the global crude oil market and the instability of the Nigerian naira. These fluctuations significantly impact the construction sector, as bitumen is an essential material for ensuring durable and high-quality road surfaces.

Ad: do you have a road construction project requiring asphalt supplies in FCT-Abuja, Benue state, Delta state, Edo state, Niger state, Kogi state, Lagos state etc? Contact +2349085172933

Factors Influencing Bitumen Prices

Several factors contribute to the current price of bitumen in Nigeria:

1. Global Oil Prices: Bitumen prices are closely linked to the price of crude oil. Any significant change in global oil prices directly affects the cost of bitumen.

2. Currency Fluctuations: The Nigerian naira's value against major currencies, especially the US dollar, plays a crucial role. A weaker naira means higher import costs for bitumen, thus driving up prices.

3. Supply Chain Disruptions: Challenges such as transportation issues, import delays, and logistical problems can impact the availability and price of bitumen.

4. Government Policies: Import tariffs, taxes, and regulations also influence the cost of bitumen. Any changes in these policies can lead to price adjustments.

Asphalt: The Essential Paving Material

Current Price of Asphalt in Major Cities

Asphalt, a mixture of bitumen and aggregates, is the primary material used for road surfacing. Its price varies across different regions in Nigeria, influenced by transportation costs and local market dynamics.

- Abuja and Lagos: The price of asphalt in these major cities ranges between ₦128,500 and ₦131,500 per ton. These cities, being economic hubs, generally have higher costs due to demand and transportation factors.

- Delta and Edo: In these southern states, the price of asphalt ranges between ₦122,500 and ₦125,500 per ton. These regions benefit from relatively lower transportation costs due to their proximity to import routes and production facilities.

Factors Influencing Asphalt Prices

The price of asphalt is subject to various factors, including:

1. Bitumen Prices: Since bitumen is a key component of asphalt, any fluctuation in bitumen prices directly affects asphalt costs.

2. Local Demand: High demand in metropolitan areas like Abuja and Lagos can drive prices up, whereas regions with less demand may experience lower prices.

3. Transportation Costs: The cost of transporting asphalt from production sites to various regions significantly impacts its price. Proximity to production facilities often results in lower costs.

4. Economic Factors: Inflation, fuel costs, and economic policies also play a role in determining asphalt prices. Economic stability generally helps in maintaining steady prices, whereas instability can lead to price hikes.

Implications for the Construction Industry

The fluctuating prices of bitumen and asphalt pose both challenges and opportunities for the construction industry in Nigeria. Here are some key implications:

1. Budgeting and Planning: Contractors and project managers need to account for price volatility when budgeting for road construction projects. Accurate forecasting and flexible planning can help mitigate the impact of sudden price changes.

2. Cost Management: Efficient management of construction costs, including sourcing materials from cost-effective suppliers and optimizing logistics, is crucial for maintaining profitability.

3. Investment Decisions: Investors and stakeholders should consider market trends and price fluctuations when making investment decisions in the construction sector. Understanding the factors driving these changes can help in making informed decisions.

4. Policy Advocacy: Industry players may advocate for favorable government policies that stabilize prices and ensure a reliable supply of bitumen and asphalt.




Note: The prices and trends mentioned are reflective of the market conditions as of June 2024 and are subject to change based on various economic and geopolitical factors.

Picture

But how come the soldiers sent to those areas are Igbo or christian? But in the war ravaging Place in the north are mostly southerners.. Why?

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A semi detached duplex @ Guzape is available for sale.

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Hmm

Wow

SpecialAdviser:
What a Bala blu. Aka gazarella gazarella

No wonder most governors have been painting roads

Lol

Ya

89green:
Very simple, just make sure to have your APC super discount card, that's all.

If you think m lying ask APC urchins . Especially those on 30k per month stipends

hmm

slimfit1:
If finance minister knows the amount of money and people living this country he would resign. Father where is Kemi Adeosun. Come and help this clueless old people.
Give tax break to companies.

ya

As the Naira grapples with a downward spiral, the ripple effects are felt across various sectors. One such area witnessing significant impacts is the construction industry, particularly concerning the prices of essential materials like asphalt and bitumen. Let's delve into the current scenario in Lagos, the Federal Capital Territory (FCT), and Delta State.

Lagos:
In Nigeria's bustling economic hub, Lagos, the price of asphalt has surged to unprecedented heights. Currently, acquiring a ton of asphalt in Lagos demands a substantial sum between ₦129,500 to ₦131,500. This sharp increase underscores the challenges faced by construction companies and infrastructure developers operating in the region. The soaring costs are not just a matter of concern for industry insiders but also for policymakers striving to sustain infrastructural growth amidst economic turbulence.

Ad: Are you thinking of investing in real estate in Abuja? Or do you have a road construction project requiring asphalt supplies in FCT-Abuja, Benue state, Delta state, Edo state, Niger state, Kogi state etc? Contact +2349085172933

Federal Capital Territory (FCT):
Moving to the heart of the nation, the Federal Capital Territory, the story mirrors that of Lagos. The capital city, Abuja, grapples with similar price escalations, with asphalt now commanding between ₦129,500 to ₦131,500 per ton. The situation poses hurdles for ongoing projects and future developments planned within the FCT, urging stakeholders to strategize effectively to navigate the financial constraints imposed by the fluctuating currency value.

Delta/EDO State:
In Delta State, situated in the oil-rich Niger Delta region, the challenges are no less daunting. The price tag for asphalt remains consistent with the figures observed in Lagos and the FCT, standing firm between ₦129,500 to ₦131,500 ₦131,500 per ton. As the state aims to capitalize on its strategic location and natural resources for infrastructural advancements, the inflated material costs present a formidable barrier that necessitates innovative solutions and collaborative efforts to overcome.

Bitumen Prices:
The situation with bitumen, a crucial component in asphalt production, is equally alarming. With a ton of bitumen priced at a staggering ₦1,500,000, the strain on construction budgets intensifies further. This escalation underscores the interconnectedness of material markets and the compounding effect of currency devaluation on essential inputs across various industries.

In conclusion, the current state of asphalt and bitumen prices in Lagos, the FCT, and Delta State paints a challenging picture for the construction sector amid the Naira's depreciation. As stakeholders grapple with these hurdles, proactive measures, including innovative procurement strategies, enhanced efficiency, and policy interventions, become imperative to sustain infrastructural momentum and drive economic resilience in the face of adversity.

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On

Bb

...

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