Focusmind:


Opportunities abound but fear of risk and uncertainty is holding people down. Take a global perspective, a lot of investors sees Nigeria as a good place to invest but fear of unknown makes the final investment decision impossible or delayed

A finance company in London, where a friend works did an investment survey and found the Nigerian market buoyant, but fear of uncertainty and country risk were too high that they jettisoned the idea.

To tell you how far foreign investors takes risk seriously, they follow citizens discussions about the country on their own social media. They followed Nigeria and Nigerians to get perspectives and views about the people and the country. Some are even registered on Nairaland.

Chekitaut:
Me i dislike hotel with passion, but hmmm to much money @ Ajegunle Annax/Extension Festac, hotel is money spinning biz. Event center good but 3 floors no no no, 2 floor depending on size of Land, weekly money, if ok by him you good to go.

Chekitaut:
30tons Granite ₦235k from Abeokuta while ₦210k from Ijebu
Sharp is ₦55k
Iron rod Local-Local @₦260k
HiTec & TMT @₦295k
Tiger @₦310k
Cement same as ₦3500

Dijita:


Thank you and God bless.
My kobo kobo project is been handle by my sister and the husband who is a supplier. Thanks to this site and the professionals here I am educated and get help in cutting down on price quotations. Unlike in the beginning of the project where I was been told the price of things which I later discover to be way higher than stated, now I just quote the price I got from here and told them that if there supplier can't meet the price I will call my own guy to deliver at this price. I will then add extra money for effort. In this particular instance here I added 30k .
Just in case some people are wondering, I am not just taking I patronize people here as well. I got my architect from here and have done about#300,000 business with him. I hope to patronize others in the future

Larry1960:



Bros how much would you supply these materials to me @ Reedeem camp shiwarma Estate
20 ton granite
20 ton Sharp sand
20ton laterite filling sand

Badgers14:


Well said, the problem with investing in Nigeria is uncertainty. Although this comes with the territory but Nigeria's level of uncertainty is times 1000x.

Think of building a house, even if you secure a loan to put up a project, dollar will move from N350 to N351 and 1 bag of cement will jump from N2,000 to N2,900. Even our mothers selling pumpkin leaves , pepper and tomatoes will jack up the prices by 100%.

The level of price inflation in Nigeria is beyond economics. You can't plan for nothing, price increase here and there...

The uncertainty is just too much. The housing projects I am involved in, I just close eye to do it, the rate prices increases is just ridiculous!

n3xt:


I’m sorry I didn’t revert as promised again.

Marine board investment is a huge one right now. DO NOT cut your boards until you’ve considered it’s immediate and future usage.

I have boards in different sizes:

12in framed boards - Lintels, Columns
16in framed boards - Beams (400mm beam), Columns (wider than 12in)




24in framed boards - Beams (450mm Beam), 2 board rafts, drainage, cantilevered sections
48in full boards - Slabs, 4 board rafts, special uses.

9in supported boards - Lintels

I don’t cut my boards into any other sizes other than the above.

Can we use the boards for raft foundation and whats the cost?

———

horlorbah:
Good day house, please I want to ask some questions. I'm about to embark on a building project but I'm working on a tight budget due to the availability of fund.

I'm considering a twin 2 bedroom flat. The person I'm thinking of putting in charge said I need around 1.2million (which sounds outrageous to me) for the foundation alone which will include DPC although the land is stoney.

Please can someone give me a breakdown of the expected costs, just for the foundation alone. Thank you.

michlins:
Good evening everyone,, I hope you're all well. Attached is the progress made on the job oga Valencia2012 contracted me to do for him.

First picture is the concept

Subsequent photos are what I was able to do. I'm open to criticism and suggestions on how to improve


Kindly note that when on the ground, the pipes look out of position but when elevated, you see them line up as they should. I was able to raise it thanks much but the true position is far higher

segzy14:


Post your floor plan here.

EgunMogaji2:


I’m in Elebu, Ibadan.

It’s odd but I haven’t actually thought about the price

Badgers14:


Well said, the problem with investing in Nigeria is uncertainty. Although this comes with the territory but Nigeria's level of uncertainty is times 1000x.

Think of building a house, even if you secure a loan to put up a project, dollar will move from N350 to N351 and 1 bag of cement will jump from N2,000 to N2,900. Even our mothers selling pumpkin leaves , pepper and tomatoes will jack up the prices by 100%.

The level of price inflation in Nigeria is beyond economics. You can't plan for nothing, price increase here and there...

Also, you hire someone for a job, they start work and then in the middle stops to renegotiate their contract, then skips town.. you have to chase them around to come and complete the job sometimes involve police, kinsmen etc. And remember if you took out a loan for the project, while you were chasing the person around, materials are adding money, your interest is piling up and you might end up hiring another person to finish the job, project will end up over budget and the loan would finish before the project is completed because of numerous uncertainties.

Doing a project in Nigeria is just like open up your wallet and spend until it is completed.. don't even stop to think economics, economics of scale, all those things you learnt on economics 101 doesn't work in Nigerian setting. I am yet to do a housing project in 9ja where I purchased cement and rod the same price from start of the project to finish .


I once had an idea together with some partners to start up a waste management style of company. Waste management is big company in the U.S and possibly multinational.

Got funding to start up, partners all lined up every thing all straightened out but the government authorities from state to the councilor, everyone wants to be settled, one even want in on the profit like a decent size cut, I thought he meant he wants to buy in as a partner but even as a local man like myself that grew up in 9ja, I was dumbfounded when he said, that’s his share. O boy, I was very furious which kind talk be that?? Are you normal?
Whenever I am in Nigeria, all I am seeing is money money opportunities opportunities but people are focused on "oyel" oil oil.

Waste management is multi billion dollar corporation in the U.S.

The uncertainty is just too much. The housing projects I am involved in, I just close eye to do it, the rate prices increases is just ridiculous!

jajeri3216:
Hello house , there's a crack on the wall which is causing me corncerns.

Is this crack suggesting a structural issues?

micgray100:
.
this is serious... firstly, check if the corner side is made of just blocks or pillar ...
if pillar, it can be amended easily... if is block... that is differential settlement...
Engage the service of an experience bricklayer... he will have to chisle out the crack and pour lean concrete to fill to brim...

valencia2012:


Guv'nor, remember to inform me immediately you make your mind up.
Regards.

jajeri3216:
Hello house , there's a crack on the wall which is causing me corncerns.

Is this crack suggesting structural issues?

EgunMogaji2:


Please post a wider picture.

jajeri3216:


Should i upload the video on YouTube and post it here?

I'm very grateful for your help.

jajeri3216:


Should i upload the video on YouTube and post it here?

I'm very grateful for your help.

Chekitaut:
If there is pillar at the coner, tie lintel is not done, roof beam is also not done. Very unfortunate this happened.

ceelog:


Hello brother.
The rails are coming out nice.

How much on average is the meter length of these iron rails?

michlins:
Good evening everyone. I hope you're all well. I need the help of the house. I need to buy a welding inverter and I don't know a thing about it. The welding machine I have been using is the usual one but because of mobility and need to upgrade myself, I need to buy the inverter.

I need something that will weld between 4mm and 6mm metal. Which inverter is best for me and which generator do you recommend. I'm willing to pay someone to buy it for me in and around Lagos and waybill to me down to Nnewi.

@egunmogaji2 I like that one you uploaded the picture sometime ago

EgunMogaji2:


I use a MaxMech MMA300. The generators are Thermocool Igwe but drinks like a fish. I also use a SumecFirman 4000.

michlins:
how durable is the inverter and what's the maximum capacity. I want to use it for outside jobs especially standing tanks