The
local construction industry in Nigeria has suffered slow growth as a result of
the non-application of local content in the industry. According to Solomon
Ogunbusola, president, Federation of Construction Industries (FOCI), the
situation is such that the industry’s contribution to Gross Domestic Product
(GDP) is as low as 3.2 percent.
Bode
Adediji, former president of the Nigerian Institution of Estate Surveyors and
Valuers (NIESV), who blamed the slow growth on a combination of factors,
explained that
