Current Trends in Construction in Nigeria
I work in a building and civil engineering Company, registered to conduct business in construction, real estate, civil, mechanical and electrical engineering works. Generally, housing and infrastructures are big matters in Nigeria, like it is with most developing economies in the world, and personally I believe Nigeria has the potential to be one of the biggest construction markets on this planet.
While the world is still struggling to emerge from the global economic collapse, Nigeria’s construction industry is growing fast and is likely to grow astronomically over the next decade, according to forecasts made in a June 2010 reports by Global Construction Perspectives and Oxford Economics. These trends in every way have necessarily placed a demand on professionals in the construction industry, and in few cases where they are lacking quacks in the industry end up taking advantage, mostly this quacks are responsible for a reasonable amount of collapsed buildings and abandoned infrastructures. Estimates suggest that current growth in the Nigerian construction industry is greater than that of India. Indeed, the report found that “Nigeria’s population of approximately 154 million is urbanizing at one of the fastest rates in the world, but construction is currently only 3.2 per cent of the Gross Domestic Product. From 2009 to 2020, only Nigeria and India will enjoy higher growth rates than China in their construction output.” (http://www.corporate-nigeria.com/index/construction/construction_overview.html).
. These trends are generally common around the world but focusing my attention to my present location, construction works are basically addressed as projects, thus there is a union between construction projects and projects management. In construction there is the demand to control and manage human resources, financial resources and even plants and machinery as the case may demand. But the gap between management structures of these resources remains a loop holes
While the world is still struggling to emerge from the global economic collapse, Nigeria’s construction industry is growing fast and is likely to grow astronomically over the next decade, according to forecasts made in a June 2010 reports by Global Construction Perspectives and Oxford Economics. These trends in every way have necessarily placed a demand on professionals in the construction industry, and in few cases where they are lacking quacks in the industry end up taking advantage, mostly this quacks are responsible for a reasonable amount of collapsed buildings and abandoned infrastructures. Estimates suggest that current growth in the Nigerian construction industry is greater than that of India. Indeed, the report found that “Nigeria’s population of approximately 154 million is urbanizing at one of the fastest rates in the world, but construction is currently only 3.2 per cent of the Gross Domestic Product. From 2009 to 2020, only Nigeria and India will enjoy higher growth rates than China in their construction output.” (http://www.corporate-nigeria.com/index/construction/construction_overview.html).
. These trends are generally common around the world but focusing my attention to my present location, construction works are basically addressed as projects, thus there is a union between construction projects and projects management. In construction there is the demand to control and manage human resources, financial resources and even plants and machinery as the case may demand. But the gap between management structures of these resources remains a loop holes