Login Register
feel free to call 09056000005

Surveyors report a shortage of materials in the construction sector

The Nigerian Institute of Quantity Surveyors has revealed that the construction sector is currently grappling with material shortages, which can be attributed to the devaluation of the Naira.
 
In an official statement, the institute highlighted the challenge posed by the scarcity of foreign exchange in the country, leading to price fluctuations. It emphasized the impact of these factors on the construction industry, resulting in material shortages and an unpredictable market environment. The institute stressed the critical importance of effectively managing construction projects during such turbulent times for the success and sustainability of organizations involved.
 
The Nigerian Institute of Quantity Surveyors is delighted to announce an upcoming two-day national workshop titled 'Managing Construction Projects in Turbulent Times.' The workshop is scheduled to take place from August 30-31 in Benin, Edo State, and is open to all construction professionals, including quantity surveyors, project managers, engineers, architects, and contractors. Attendees will have the opportunity to participate in interactive discussions and case studies, fostering a collaborative learning atmosphere.
Related News:
CONCERNS ARISE OVER THE PREVALENCE OF INFORMAL SETTLEMENTS AMONGST 70% OF THE POPULATION

FEDERAL GOVERNMENT ATTRIBUTES ENVIROMENTAL ABUSE TO IGNORANCE

REAL ESTATE DEVELOPERS CALL FOR GOVERNMENT ACTION AMIDST INFLATION CHALLENGES
Furthermore, participants will be awarded a certificate of completion, acknowledging their commitment to professional development and their improved grasp of managing construction projects in challenging circumstances.
 
In a related context, during the 15th annual lecture series organized by the Lagos State branch of the Nigerian Institute of Quantity Surveyors, Gabriel Ogbechie, the Chief Executive Officer of Rainoil Limited, voiced concerns about the removal of subsidies. He emphasized that this move has raised operating costs for businesses, with far-reaching consequences for the construction industry. Ogbechie pointed out that the resulting increase in construction costs is likely to impact the profitability of construction companies.

Source: PunchNg

Similar Topics

US Election Race Intensifies: How Results Could Impact Nigeria’s Real Estate Market As the...

15 days ago Read More

Equatorial Guinea Official Baltasar Engonga Ebang’s Video Sparks Controversy In recent days,...

15 days ago Read More

Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...

a month ago Read More

Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...

a month ago Read More

Housing sector stakeholders have raised concerns that the rising interest rates in the country are...

a month ago Read More

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

a month ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

a month ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

2 months ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

2 months ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

2 months ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

2 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

2 months ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

2 months ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

2 months ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

2 months ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

2 months ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

2 months ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

2 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

3 months ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

3 months ago Read More