Please use this identifier to cite or link to this item: http://ir.futminna.edu.ng:8080/jspui/handle/123456789/9790
Title: Impact of Petroleum Price Increase on Cost of Selected Building Finishing Materials during Early Period of New Millennium Civilian Era in Nigeria
Authors: Shittu, Abdullateef A
Adamu, Anita Dzikwi
Olagoke, H A
Ibrahim, K
Omozokpia, R
Shehu, M A
Keywords: building
finishing materials
petroleum price
civilian era
Issue Date: 2013
Publisher: International Journal of Engineering Inventions
Citation: Shittu, A. A., Adamu, A.D., Olagoke, H. A., Ibrahim,K., Omozokpia, R., Shehu, M.A (2013) Impact of Petroleum Price Increase on Cost of Selected Building Finishing Materials during Early Period of New Millennium Civilian Era in Nigeria, International Journal of Engineering Inventions, 3(3),1-07
Abstract: This paper was aimed at examining the influence of petroleum price increase on the prices of some selected finishing materials in Niger State from 2000 - 2005 in the light of high construction cost in the Nigerian Construction Industry. The data collected were based on three basic finishings materials, which are floor tiles, gloss/emulsion paints and ceiling boards, with different alternatives for each finishing material. Correlation and Regression Analyses used to analyze the collected data showed some level of high significance between the independent variable (regulated petroleum prices) and the dependent variables (finishing materials) i.e. Coefficient of Determination of values ranging from 61% to 90%. It was concluded that increase in the regulated price of petroleum products accounts for high cost of finishing materials in building projects. One of the recommendations from the study included the need for a better regulating price system to adequately monitor price with regard to building materials.
URI: http://repository.futminna.edu.ng:8080/jspui/handle/123456789/9790
Appears in Collections:Quantity Surveying

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