‘Real-es­tate sec­tor strate­gic to econ­omy growth’

Daily Trust - - IT WORLD - By Mustapha Suleiman

Build­ing and Con­struc­tion sec­tor can help stim­u­late the econ­omy and gen­er­ate em­ploy­ment on a mas­sive scale, the sur­vey­ors have said.

The Quan­tity Sur­vey­ors Regis­tra­tion Board of Nige­ria, QSRBN, stated this at the 7th Build­ing and Con­struc­tion Eco­nomic Round­table, BCERT7, held re­cently in Abuja.

The round ta­ble was or­ga­nized to gen­er­ate ideas from stake­hold­ers in the in­dus­try and rub minds on how to move the na­tion’s econ­omy for­ward.

Speak­ing at the sum­mit, Pres­i­dent of QSRBN, Mal­lam Mur­tala Aliyu em­pha­sized that the con­struc­tion sec­tor is strate­gic in re­flat­ing any econ­omy that has slid into re­ces­sion as we cur­rently have in Nige­ria.

Ac­cord­ing to him, BCERT is to set and sus­tain over­all na­tional de­vel­op­ment agenda by max­imis­ing the con­tri­bu­tion of the build­ing and con­struc­tion sec­tor of the econ­omy to the econ­omy pyra­mid.

“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 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 build­ing and con­struc­tion sec­tor is there­fore a tar­get sec­tor for this laud­able pol­icy.”

He urged the Fed­eral Gov­ern­ment to place the Nige­rian Econ­omy on the right tra­jec­tory for sus­tain­able growth and de­vel­op­ment through 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.

“Pro­duc­tiv­ity is what drives growth and in­come lev­els. Cor­rup­tion pro­duces a quan­tum of un­earned in­comes thus cre­at­ing sce­nar­ios where in­come lev­els do not cor­re­late with pro­duc­tiv­ity,” he noted.

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.