Nigerian Institute of Quantity Surveyors organizes a Total Cost Management Workshop

The Professional body constituted and licensed to practice total cost management and control of construction and engineering contract in Nigeria " Nigerian Institute of Quantity Surveyors" has geared up its modus operandi to checkmate the prevailing real estate and construction/engineering finance challenges mitigating against the economy.
As part of its strategic effort put in place to restore unequalled transparency and accountability in the industry, the institute just concluded a Continous Professionals Development workshop tagged" Relevance of BESMM4 in total cost management of construction/engineering works" which took place in Abuja,Abeokuta,Bauchi,Benin,Enugu and Kano on the 6th & 7th April, 2016. The workshop emphasized immensely on the pertinence of how today's Quantity Surveyor requires to be vast and updated in the engineering cost practice in line with the prevailing international standards to be adequately competent in delivering value added service to the clients on simple and capital projects.

AfDB Funds African Housing Development with $8.2m

Shelter Afrique, a Pan-African finance institution supporting the development of the housing and real estate sector in Africa has received a $8.2 million injection of equity by the African Development Bank (AfDB).

In a statement by the AfDB, the injection is meant to strengthen its balance sheet and help achieve its objective of providing quality affordable housing in Africa.

“Africa’s economic landscape remains positive with promising scope for growth; Gross Domestic Product remains robust supported by multiple factors. The continent’s growing population, a growing middle class and the fastest urbanisation rate in the world are some of the factors driving increased demand for affordable houses and housing finance,” AfDB noted.

The Managing Director, Shelter Afrique, Mr. James Mugerwa, said the equity increase is a testimony to the confidence reposed by AfDB in his firm. “The African Development Bank has sent strong signals about the seriousness of housing on the continent, and by extension, the seriousness of what we do here at Shelter Afrique. It is a welcome development but we see it as a challenge as well. This equity increase means the AfDB wants to see more, they want to see impact and scale and that is what we will be aiming for this year; impact,” Mugerwa said.

Source: Nigeria Real Estate Hub