For the building and construction industry in Nigeria, growth prospect is very high and expectation among industry players is that by 2020, the country, alongside India, will enjoy higher growth rates than notable nations like China, predicting that by 2021, the industry will triple its investment value. The contribution and impact of this industry to the economy cannot be neglected as it has become a veritable index when it comes to employment generation for both skilled and unskilled employment in Nigeria, and it is estimated that this industry contributes 3.2 percent to the Gross Domestic Product (GDP). Solomon Ogunbusola, president, Federation of Construction Industries (FOCI), who gave these hints, pointed out, however, that despite these prospects, the state of the nation’s economy has somewhat overstretched members of the association as they task themselves to meet up with contracts awarded to them at various levels. He added that these members operate under ser...
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