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NIQS decries high cost of governance

By Bertram Nwannekanma
24 November 2022   |   4:11 am
The Nigerian Institute of Quantity Surveyors (NIQS) has decried the increasing cost of governance in the country, saying that money for infrastructural development goes to public sector.

President, of the Nigerian Institute of Quantity Surveyors (NIQS), Olayemi Shonubi

Seeks role in costing of projects

The Nigerian Institute of Quantity Surveyors (NIQS) has decried the increasing cost of governance in the country, saying that money for infrastructural development goes to public sector.

President of NIQS, Olayemi Shonubi, who spoke with newsmen in Lagos, yesterday, to announce the activities of the institute’s 2022 yearly conference, slated for today and tomorrow in Lagos, lamented non-involvement of quantity surveyors in costing of major projects in the country.

He said the theme of the conference was informed by the growing need of Nigerians for improved infrastructure amid the current global economic crisis that had made it difficult to access funding for infrastructural development.

The NIQS president advocated a unicameral legislature to reduce the cost of governance as well as adoption of International Cost Management Standard 3 (ICMS) in the country to promote transparency in the provision of funds for infrastructure.

This, he said, would not only enhance transparency in the management of scarce resources but also ensure that the nation gets value for money spent on projects.

He said: “There will be a formal dinner for presidential awards to some deserving distinguished individuals, among whom are Governor Babajide Sanwo-Olu of Lagos State, Governor Yahaya Inuwa of Gombe State and former Minister of Works and Housing, Senator Adeseye Ogunlewe.

“Keynote speakers include Dr. Anil Sawhney, a construction and infrastructure sector expert from the United Kingdom and Dr. Mike Onolememen, a former Minister of Works and Infrastructure.”

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