CLEAN : Nigerias Buhari tries to woo investment as recession bites

The video discusses the challenges faced in a three-year project due to changes in construction material costs in Nigeria. It highlights the impact of these cost increases on business operations and customer relations. The speaker suggests strategies for gradually increasing prices to maintain customer satisfaction and ensure business continuity.

What is the expected duration of the construction project?

• Four years

• Three years

• Two years

• One year

What has caused the increase in construction costs in Nigeria?

• Increase in labor costs

• Changes in rates and material costs

• Decrease in demand

• Government regulations

How have material prices changed according to the transcript?

• From 500 to 800 or 1000

• From 500 to 600

• From 500 to 900

• From 500 to 700

What is a suggested strategy to maintain business despite rising costs?

• Offering discounts

• Gradually increasing prices

• Lowering prices

• Reducing workforce

What is recommended to avoid inefficiencies in the business?

• Reducing working hours

• Hiring additional help

• Increasing marketing efforts

• Cutting down on materials