Effects of Macroeconomic Indicators on Cost of Building Materials in Nigeria

A fallacy may exist regarding the availability of affordable houses due to rising inflation and high cost construction supplies brought on by struggling economy. Because this, most developing nations, including Nigeria, are dependent importation building materials. This study looked into how certain macroeconomic parameters affected supplies. The indicators interest rate, GDP, inflation. study's main finding is that prices materials not much impacted these indices. Quarterly data over a period ten years, from 2012 2021, were used in taken public sources. Nigerian Institute Quantity Surveyors Journal Guardian Newspaper provided information Central Bank Nigeria Statistical Bulletin was derive Gross Domestic Product, inflation, minimum rediscount rate. Multiple regression analytical approach utilized, findings indicated rates all had positive, substantial impact means price influenced key indices such as rates. report suggested lowering import taxes, waiving taxes for local manufacturers materials, bank loan rates, while Nigeria's government central should develop policies regulate stabilize indicators.