The President of the Nigerian Institute of Quantity Surveyors, Kene Nzekwe, has emphasised the need for effective cost management in addressing the challenges facing Nigeria’s construction industry.
Speaking at the unveiling of the official car of the NIQS President in Abuja over the weekend, Nzekwe highlighted the impact of hyperinflation on the sector and why the country must take effective cost management seriously.
“Everybody should know that the hyperinflation of the economy has indeed affected the building construction industry in a way that people have to go back to the drawing table to see how we can navigate the challenges and come up with solutions to be able to remain afloat.
“The NIQS, as the custodian of cost management in the construction industry, has been proactive in advising stakeholders to ensure effective steps are taken to Quantity and carry out effective costing of landed properties before going ahead,” he explained.
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He further urged the government to recognise the value of the profession in national development.
“We can even render services to them to make a case and tell them that with the engagement of quantity surveyors, the nation will be the better for it,” Nzekwe said.
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