The prices of construction materials are on fire in N’Djamena, Chad, making it even more challenging for homeowners and businesses to build their projects.
Several products have seen significant price increases over the past few weeks. The lambour, once sold at 3,000 FCFA, is now being sold between 4,500 and 5,000 FCFA. The chevron has jumped from 6,000 to 9,000 FCFA, while the white board has increased from 9,000 to 14,000 FCFA. The Dangote cement sack is selling at 11,000 FCFA.
For quincaillerie managers, this surge in prices is mainly due to the increase in customs duties applied to imports. According to them, this measure has significantly raised the costs of procurement.
The challenges facing the construction industry in Chad
Chad is one of the few countries where cement prices are as high as they are today. The situation is affecting the construction sector, making it harder for people to build their homes and businesses.
High taxes a major contributor to price hike
The increase in customs duties on imported goods has led to a significant rise in prices of construction materials. This has made it challenging for builders to procure the necessary materials without breaking the bank.
Consequences for homeowners and businesses
The price hike is having a ripple effect on the entire construction industry. Homeowners and businesses are finding it increasingly difficult to build their projects without facing significant financial burdens.
Quincaillerie managers sound alarm
The quincaillerie managers are sounding the alarm over the situation, warning of a potential shortage of materials if prices do not come down soon.