Tag Archives: Construction Industry

“Efforts at improving the nation’s construction industry for the past few years may have suffered a setback, as property developers have recently seen an increase in the cost of building materials shoot up projects prices. Building firms and professionals currently witnessing slow transactions in the real estate sector are now grappling with a 150 per cent rise in material prices ...

The Guardian reports that a new building technology making its way into Nigeria’s construction industry is offering yet another bait to mass housing developers, with a concept that claims the ability to enhance efficiency by 70 times compared to traditional construction methods. The Guardian reports that at a precast factory, which will cover over the 100,000 square metres‎ of land, ...

Substandard imported building materials remain one of the ingredients that lead to failed structures. We take a critical look at the ban on the importation of substandard building materials and why the action taken by the Federal Government will do us a lot more good than harm. Some Nigerian tenants and property owners have in recent times experienced collapse of ...

Architects have been tasked on providing new urban solutions required to optimise the use of space and energy resources leading to improvements in the environment. The Guardian reports that the Managing Director, Awka Capital Territory Development Authority (ACTDA), Michael Okonkwo made the call in a keynote address delivered at the conference of the Nigerian Institute of Architects (NIA), Anambra state chapter ...

Owing to the impact of the current recession in the building and construction industry of the country, quantity surveyors have made it known that the move by the federal government to secure loan for infrastructure projects would help revive the construction industry. The Guardian reports that the President, Nigerian Institute of Quantity Surveyors, Mrs. Mercy Iyortyer who spoke at a job ...

In a bid to address the severe shortage of skilled manpower within the construction industry, the United Kingdom Department for International Development (DFID) has partnered with an Abuja-based firm Construction Skills Training and Employment Services (C-STEMPS) to train artisans. The Guardian reports that DFID’s Communications Adviser, Halimat Alawiye told journalists in Abuja that the organisation has secured the approval and recognition ...

The Federal Government plans to put massive funds in construction projects, especially in the road and housing sectors. The Guardian reports that, the Minister of Works, Power and Housing, Mr. Babatunde Fashola, who made this at the annual conference of the Quantity Surveyors Registration Board of Nigeria (QSRBN) in Abuja, observed that government believes that massive investment and expenditure in ...

With the state of the nation’s economy today, experts are of the opinion that the real estate industry and construction industry can drive growth in the economy through its links to other manufacturing sectors like the transport infrastructure. According to The Guardian, a new report released by the European Commission suggested that every job created in construction results in two ...

Foreign artisans from neighbouring countries such as Togo, Benin Republic and Ghana are now leaving Nigeria in droves.The Nigeria’s building and construction industry has been among the hardest hit as government budget financing for projects, such as building contracts, remains unimplemented and bank financing dries up. The slowdown in construction has necessitated big construction firms to lay off and abandon ...

Members of the Nigerian Institute of Building have called on the Federal Government to create an enabling environment for the building and construction industry to thrive in the country and for the economy to become prosperous. At the 45th Builders’ Conference and Annual General Meeting of the institute, which ended in Ibadan last Friday, the NIOB President, Mr. Tunde Lasabi, ...