Inflation is Easing in Nigeria. So Why Are Building Costs still Expensive?

Inflation in Nigeria has begun to ease, but the cost of building materials remains stubbornly high. Cement, steel, and other key inputs continue to weigh heavily on developers, homeowners, and investors. Price stickiness, elevated energy and transport costs, and supply chain bottlenecks mean that relief is slow to reach the construction sector, with major implications for affordability and the future of real estate.