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QSRBN seeks massive investments in construction & building sector

By Chris Ochayi

The Quantity Surveyor Registration Board of Nigerian, QSRBN, has called for collaboration between the  Federal Government and stakeholders in the Construction and Building sector of the economy in order to facilitate massive investments in the sector to enable it make decent contributions towards achieving the policy.

The QSRBN, which came up with this resolution at the end of its second conference on  Building and Construction Economic Round-Table, BCERT 2, in Abuja, suggested that  efforts should be made to ensure more efficient utilization of what is allocated to the sector.

The two day conference with theme: “the Role of the Building & Construction Sector in Achieving Vision 20:2020”, was attended by over 300 participants from public and private sector organizations and professionals.

The communique signed by the President of QSRBN, Alhaji Husaini Dikko and Registrar,  Godson Moneke,  further challenged the government and its relevant agencies to adopt more pro-active measures to contain the general security challenges in the country.

They called on quantity Surveyors, the government and related professionals and organizations to fashion out ways and means of reducing the high costs of Building & Construction projects in Nigeria.  “Government and QSRBN should intensify measures to instil sanity, particularly transparency and accountability, in the sector.

Continuing, they called on the Government and the sector professionals to resolve outstanding issues that adversely affect the sector, such as the Land Use Act; local production of building materials and their optimum  utilization; strengthening the primary mortgage system; social housing; and Building and Construction project financing.

“Government should strengthen institutional structures as they relate to the Building & Construction Sector. Efforts in this direction would include making decent budgetary allocations to its relevant agencies, including the Federal Ministry of Lands, Housing & Urban Development, Federal Housing Authority and Federal Mortgage Bank, to enable them make significant impact on the realization of Vision 20:2020.  “Government and other relevant agencies should faithfully implement the provisions of the [new] National Housing Policy.

According to construction cost experts, “Government should create the enabling environment for the Building & Construction Sector and that access to funding for Building & Construction Sector projects/activities to be liberalized.

Indigenous Building & Construction Sector contractors, the regulatory body said,  should be granted an increased share of Government patronage. They should also be encouraged to participate in PPPs. “Government should encourage greater investments to improve and expand the nation’s transportation networks, including roads, railways, airports, sea ports and inland waterways.


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