‘Investment in construction vital to economic growth, recovery’

Vice President Yemi Osinbajo has stated that the present administration has invested massively in the construction sector as a way to drag the nation’s economy out of the woes of recession.

Speaking at the 27th Biennial Conference and General Meeting of the Nigerian Institute of Quantity Surveyors (NIQS) in Abuja, the vice president, represented by the Minister of State II for Power, Works and Housing, Suleiman Hassan Zarma, said the theme of the conference: “Developing the Economy for Sustainable GrowthThe Construction Industry as an Effective Stimulant’’ was a key component of the Change Agenda of the present administration.

He said apart from providing houses for the citizens and roads to facilitate societal integration and movement of goods, the construction sector also created wealth in the economy.

Earlier, the President of NIQS, Mercy Iyortyer, stated that the choice of this year’s theme was part of the institute’s ongoing efforts in contributing to the change mantra of the present administration in the area of sustainable economic growth and national development.

She appealed to the government to consider reformation in the sector by constituting a construction industry board or council comprising key players in the industry who would advise, plan and execute reforms that would galvanise the industry.