The President, the NIQS, Olayemi Shonubi, made the call at a press conference held in Lagos on Tuesday, announcing the institute’s 2022 conference and annual general meeting.
Shonubi called for a reduction in the cost of governance and consumption in the face of dwindling resources to save more for infrastructure investments, while adopting best global procurement practices.
“The theme of this year’s conference is informed by the growing need by Nigerians for improved infrastructure amidst the current global economic crisis which has made it difficult to access funding for infrastructure development with other pressing needs of the citizenry in focus. It is imperative, therefore, that whatever funding that is available is judiciously spent.
“The International Cost Management Standards Coalition was set up in May 2015 subsequent to a meeting at the International Monetary Fund Headquarters in Washington when some International Professional Associations of Construction Cost experts decided to set up the Standards Setting Committee,’’ he said.
According to the Shonubi, the association mooted the idea of developing the first global standards for the classification, presentation, and bench-marking of construction costs across the globe.
He noted that the conference with the theme “Infrastructure Cost Management: Contemporary Issues and Emerging Trends” will be held from Wednesday-Friday, November 23-25, in Lagos.
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