• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, May 14, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘Developers May Undermine Standard Over Hike In Building Materials’

by Kingsley Okoh
12 months ago
in Business
building
Share on WhatsAppShare on FacebookShare on XTelegram

With the sharp rise in the price of building materials, experts have expressed concerns over the possibility of real estate developers compromising standards in the country.

Advertisement

Experts, who spoke at the 8th International Construction, Building Materials and Technology Expo, organised by Elan Expo, feared this may increase the rate of building collapse in the country.

On his part, the chief executive officer, Elan Exhibition West Africa, Jude Chime, noted that, given the circumstances, developers may want to consider cheaper means of providing homes and in the process may compromise standards. 

Chime advocated the use of technologies that would make the building and construction industry cheaper and adhere to standards. 

He said: “This is why there is a need for research and development. Building a sustainable future, empowering the construction industry is crucial for economic growth and the naira needs to be stabilised to mitigate further building collapse.

RELATED

Fidson Invests ₦3.7bn To Boost Local Pharma Production In 2024

Fidson Invests ₦3.7bn To Boost Local Pharma Production In 2024

6 hours ago
NRC Suspends Rail Services ln Delta

Vandalism: NRC Averts Train Accident Along Warri-Itakpe Railway Corridor

9 hours ago

“I have always been advocating that the government stabilise the naira. If you are trying to convince an investor to come to Nigeria, a critical factor to be examined is the stability of the naira. If the currency is unstable, on what basis is the investor going to plan and make a forecast for business growth?

 If an investor is not able to do a forecast for at least five years, it becomes challenging to become part of the business community.”

On his part,  CEO of Ove Arup & Partners, Mr. Kunle Adebajo, called for the enactment and enforcement of stringent building codes to mandate the construction of safe and fit -for-purpose buildings.

Adebajo said, this would also promote the use of sustainable alternatives where applicable, as the industry must drive home the importance of these codes. He stated that the National Building Code is long overdue for a complete update and overhaul.

“The ideal approach would involve a comprehensive revamping exercise, enabling state and local development control authorities to drive sustainable development more effectively. However, the reality of building practices within the country often shows a disregard for these existing codes.

“Policies can also mandate the use of high-quality, locally sourced materials, which not only supports local economies but also reduces transportation costs and environmental impact by reducing carbon emissions.

“Government and the Industry’s governing bodies play a crucial role in shaping the regulatory framework, incentivising practices that can ensure the industry’s sustained relevance and capacity to withstand future challenges. This includes fostering green designs, sustainable building practices, certification programmes and prohibiting the use of non-environmentally friendly designs and substances.”

Also speaking, the head Architect Department, West African Ceramics Limited, Amaka Onyiuke said, it was important for the country to stop importing building materials produced locally, saying such practices would not support local content. 

“If we keep importing from abroad, we keep supporting foreign economy to grow at the expense of our own economy. That means we will keep using foreign currency and continue destroying our  products,” she stressed.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

Customs Arrests Shipper, Supplier Over Illegal Export Of Wildlife

Next Post

Afreximbank, Others Validate Nigeria’s Readiness To Host African Energy Bank

Kingsley Okoh

Kingsley Okoh

You May Like

Fidson Invests ₦3.7bn To Boost Local Pharma Production In 2024
Business

Fidson Invests ₦3.7bn To Boost Local Pharma Production In 2024

2025/05/14
NRC Suspends Rail Services ln Delta
Business

Vandalism: NRC Averts Train Accident Along Warri-Itakpe Railway Corridor

2025/05/14
External Reserves Dip 6.5% YTD On Debt Servicing, Dollar Sales
Business

External Reserves Dip 6.5% YTD On Debt Servicing, Dollar Sales

2025/05/14
CBN Reassures Public On Bank Deposit Safety, Dismisses Licence Revocation Fears
Business

CBN Unveils Non-resident BVN Platform, Targets $1bn Monthly Diaspora Remittance

2025/05/14
Business

Poor Infrastructure Affecting Tax Compliance – Market Groups

2025/05/14
NAICOM Mandates Insurers To Upload Additional Documents For Post Placement Report
Business

NAICOM Launches Revised Insurance Regulation For Leased Aircraft

2025/05/14
Leadership Conference advertisement

LATEST

DSS Didn’t Prevent Me From Seeing Kanu, Says Ex-AGF Agabi

Police Arrest 4 Suspected Criminals In Enugu

2 Killed, Others Missing In Akwa Ibom, Cross River Communal Clash

Chimamanda Adichie To Headline Inaugural ‘Things Fall Apart’ Festival In Enugu

Student Loan: Federal Gov’t Reviews NELFund Operations In Varsities

SMEDAN Unveils ‘GROW Nigerian Plan’ To Boost MSME Growth

Abdominal Injury: Kwara Gov Wishes Football Star Taiwo Awoniyi Quick Recovery

Nollywood Producers Join Global Effort To Tackle Digital Copyright Theft

Borno Gov’t Moves To Rehabilitate 73 Minors Indulged In Drug Abuse, Crime

Court Adjourns Suit On Naira Abuse Against TikToker Murja Kunya

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.