Surveyors lament dwindling fortunes of construction industry
Nigerian Institute of Quantity Surveyors (NIQS) has lamented that the absence of an enabling environment is affecting growth of the construction sector.
It listed some of the challenges confronting the industry to include: material shortages, caused by naira devaluation, and foreign exchange scarcity that had triggered price uncertainty across the value chain.
NIQS president, Olayemi Shonubi, observed: “In today’s ever-changing economic landscape, the construction industry faces numerous challenges, including price uncertainty due to foreign exchange shortages and naira devaluation, leading to material shortages and unpredictable market conditions. The ability to effectively manage construction projects in such turbulent times is crucial for the success and sustainability of any organisation.”
He said his organisation would organise a national workshop to offer solutions.
According to him, the two-day event would be held from August 30 to 31 in Edo State.
Shonubi explained that the forum would bring together professionals, including quantity surveyors, project managers, engineers, architects and contractors, even as participants will have the opportunity to engage in discussions and case studies to foster a collaborative learning environment.
The president added that partakers would receive certificates of completion, “recognising their commitment to professional development and enhanced understanding of managing construction projects in turbulent times.”
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.