CONSTRUCTION, Building
and the Real Estate Sector of our
economy, are amongst the most
strategic sectors of any country. Their
collective effect is profound and can
be seen and felt in all activities of all
global economies.
The capacity of the Building and
Construction sector to generate
employment on a massive scale,
its multiplier effects in the overall
economy and more importantly,
its vital contribution to the
country’s fixed capital formation
and investment marks it out as an
important sector.
This was the reason for the 7th
Building and Construction Economic
Roundtable, BCERT7, organised by
the Quantity Surveyors Registration
Board of Nigeria, QSRBN, held
recently in Abuja.
The intention of the round table
is to attract contributions and ideas
from participants to move the
industry and the economy forward
and to integrate it to sub-regional,
regional and global economy.
According to the President,
QSRBN, Mallam Murtala Aliyu,
the construction sector is therefore,
a strategic sector in reflating any
economy that has slid into recession
as we currently have in Nigeria.
He said a major objective of the
Annual Building and Construction
Economic Roundtable, BCERT is to
set and sustain our overall national
development agenda by maximising
the contribution of the building and
construction sector of the economy to
the mix.
“BCERT 7 is the seventh edition
of this round table and the focus this
year is on global competitiveness
of Nigeria’s quantity surveying in
driving national development.
“As laudable as the objectives
of BCERT are, the role of quantity
surveying in putting Nigeria
on the cutting-edge of Global
Competitiveness should be
interrogated.
“This amongst others, informed
our choice of theme for this
roundtable.” He said.
QSRBN president also noted,
“Implicit in a globally competitive
economy is the availability of
massive employment opportunities
especially for our youths and our
very active population.
“It is our belief that no country
can achieve sustainable economic
growth and development without
having its teeming youths employed
and engaged in viable economic
activities. Nigeria and indeed Africa
must save our active and resourceful
youth from moving to Europe for
demeaning engagements, most of the
time losing their lives in the Sahara or
the Mediterranean Sea even before
they get there.
“The current government is
evolving a strong policy to make
remaining at home more attractive.
The building and construction sector
is therefore a target sector for this
laudable policy”.
He stressed that a notable agenda
of the Federal Government is to place
the Nigerian Economy on the right
trajectory for sustainable growth
and development.
He noted that it entails efficient
resource management and drastic
reduction of waste and leakages
which have done incalculable harm
to the economy of Nigeria.
“Sustainable economic
development can be achieved
through strict adherence to
corporate governance, value for
money principles, probity and
accountability as a national ethos.
As a result of the indulgences of the
past, practices that are unacceptable
in many jurisdictions are celebrated
in Nigeria.
“Where the ‘end’ is often used
to justify the ‘means’, there is a
problem of ethical orientation.
The solution will therefore be
found in putting in place effective
legislations and building of strong
institutions. Strong institutions of
state that defy time and embedded
in strong values to protect public
good and interest at all times.” He
said.
Aliyu opined that the quest for
global competitiveness is one of
the fallouts of globalisation of the
economic space.

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