Connect with us

Economy

Only Government Can End Building Collapse -Experts

Published

on

Housing - Investors King
  • Only Government Can End Building Collapse, Say Experts

Except the government makes a commitment to go tough on enforcement of relevant laws, the scourge of building collapse may not end soon, experts in the built environment have said.

They noted that the cause of the recent collapse on Lagos Island which claimed no fewer than 20 lives was not different from the causes of previous ones in the same area and other parts of the state as well as the entire country.

Some of the building construction experts, who spoke with The PUNCH, lamented that the menace of building collapse had remained because the regulatory bodies lacked the will to enforce laws.

They explained that while the issues had been overflogged and the causes known to almost everyone in the society, only the government had the power to go tough on errant developers, landlords, traditional rulers, thugs or anyone found contravening planning laws or engaging in activities that could lead to the collapse of a building.

“I have visited several sites of collapsed buildings on Lagos Island, these buildings have similar causes and the major reason is that the buildings were not properly constructed. When you talk of quality, many of them were lacking in the area of workmanship and material. Lagos Island also, especially this Ita Faaji area, used to be a swampy area which should not take five-storey buildings,” the 1st Vice -President of the Nigerian Institute of Building, Mr Kunle Awobodu, said.

Awobodu, a former President of Building Collapse Prevention Guild, described the problem of building construction on Lagos Island as huge, adding that those in the government knew the unfortunate situation.

“So how could a serious government official allow some kind of development in that area, I believe it is either as a result of compromise or they have some other issues we don’t know about. When you talk about regulations, I think there has been so much negligence. The government has tolerated illegal development. Regulation failed or became too tolerant to have encouraged shoddy development,” he said.

He stated that as a matter of urgency, the Lagos State Government should suspend construction of any kind of building, especially residential on Lagos Island to forestall more disasters.

The President, Nigerian Institute of Structural Engineers, Mr Eddy Atumonyogo, said there had been a lot of actions and inactions on the part of the government and other stakeholders that had promoted collapse of buildings.

“If faulty designs are approved for construction, there will be a collapse. If design standards are not enforced during construction, there will be a collapse. If fake materials are not detected and are used in construction, it will lead to a collapse,” he explained.

On March 13, a four-storey building on Massey Street, Ita-Faaji, Lagos Island, collapsed in the early hours of the day, killing at least 20 pupils and other tenants, with many others injured.

The incident was one of several cases in the area and in Lagos as a state as well as other parts of the country.

It is estimated that there had been over 100 cases of building collapse in the last seven years with Lagos recording the highest number of both collapsed buildings and number of casualties.

According to Awobodu, the persistency of building collapse in Nigeria brings to fore two categories of failure: those buildings that lacked durability due to past construction errors and buildings that collapsed before maturity, under construction due to design error or substandard human and material resources.

He stated that the cost of conducting structural integrity test and subsequent demolition remained a major reason why old buildings still collapsed and killed occupants while circumvention of due process was responsible for the collapse of buildings under construction.

A Past Chairman, Nigerian Institute of Builders, Lagos State Chapter, Mr Olatunde Jaiyesinmi, said if the government was serious about curbing the problem of building collapse, the professionals in the built environment should be listened to.

“The laws setting up these professional bodies specify their roles in the industry. If these roles are adhered to, building collapse will be minimised if not eliminated,” he said.

Jaiyesinmi, who is also a former chairman of the Nigerian Society of Engineers, Lagos Branch, said about 11 years ago, the then governor of Lagos State had assembled all professionals in the built environment and charged them to proffer solutions to the issue of building collapse.

“Solutions were proffered, but government had no will power to implement them,” he added.

Atumonyogo, however, stated that apart from the government which had a major role to play in enforcing building regulations, there were other actors in the industry such as developers that also needed to act responsibly.

Awobodu stated that some of developers had said they did not have confidence in most of the buildings they ignorantly constructed in the past.

He said such builders had said they would not mind a situation where such buildings could be pulled down for safety purposes but the challenge had always been who would bear the cost of demolition and where the occupants of such building would be accommodated.

But apart from developers, the experts also called on the government to pay more attention to manufacturers and importers of building materials.

They alleged that some importers of building materials were guilty of encouraging factories in China to produce low quality materials that did not conform with the specifications of standard building materials.

The President, Nigerian Institute of Town Planners, Mr Lekwa Ezutah, said no aspect or detail of building construction should be treated with levity.

“All legislative provisions must be reviewed by the National Assembly and strictly observed, failing which appropriate sanctions must be meted to defaulters,” he said.

On the way forward, the experts said the government especially the Lagos State Government should intensify effort towards urban regeneration in older parts of the city such as on Lagos Island, and also employ more officials to monitor construction of new buildings as well as renovation of older ones.

“The government should find a way of relocating the residents in the areas around Lagos Island towards urban regeneration. It requires huge financial resources because you can’t demolish people’s buildings without providing alternative accommodation but it has to be done. If not, more buildings will still collapse,” Awobodu said.

Ezutah opined that the government, as a matter of urgent necessity, should commission professional planners to carry out in-depth studies of cities with a view to recommending sustainable policies and plans to address the matter.

He stated that cities were the engines of growth in any society; hence matters that affected their viability and liveability should be priorities to the government and all stakeholders.

He also called on the professionals who either build or undertake to supervise buildings on the need to verify the brand, quality, and quantity of materials used for buildings.

“Professional bodies need to step-up in their responsibilities to sanction members who compromise standards. The implementation of Site Analysis Report and Environmental Impact Assessment are to be strictly undertaken for every development,” he said.

Atumonyogo also called on the governments at all levels to ensure they had registered structural engineers in the building approval and control agencies.

“They must ensure that buildings above two floors, and buildings to be erected on poor soil, must be designed and supervised by registered structural engineers. Legislation must be passed to back up this practice. Structural engineering is a specialist branch of civil engineering. We have had enough of these avoidable deaths and the time to act is now,” he added.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Economy

Federal Government Set to Seal $3.8bn Brass Methanol Project Deal in May 2024

Published

on

Gas-Pipeline

The Federal Government of Nigeria is on the brink of achieving a significant milestone as it prepares to finalize the Gas Supply and Purchase Agreement (GSPA) for the $3.8 billion Brass Methanol Project.

The agreement to be signed in May 2024 marks a pivotal step in the country’s journey toward industrialization and self-sufficiency in methanol production.

The Brass Methanol Project, located in Bayelsa State, is a flagship industrial endeavor aimed at harnessing Nigeria’s abundant natural gas resources to produce methanol, a vital chemical used in various industrial processes.

With Nigeria currently reliant on imported methanol, this project holds immense promise for reducing dependency on foreign supplies and stimulating economic growth.

Upon completion, the Brass Methanol Project is expected to have a daily production capacity of 10,000 tonnes of methanol, positioning Nigeria as a major player in the global methanol market.

Furthermore, the project is projected to create up to 15,000 jobs during its construction phase, providing a significant boost to employment opportunities in the country.

The successful execution of the GSPA is essential to ensuring uninterrupted gas supply to the Brass Methanol Project.

Key stakeholders, including the Nigerian National Petroleum Company Limited and the Nigerian Content Development & Monitoring Board, are working closely to finalize the agreement and pave the way for the project’s advancement.

Speaking on the significance of the project, Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, emphasized President Bola Tinubu’s keen interest in expediting the Brass Methanol Project.

Ekpo reaffirmed the government’s commitment to facilitating the project’s success and harnessing its potential to attract foreign direct investment and drive economic development.

The Brass Methanol Project represents a major stride toward achieving Nigeria’s industrialization goals and unlocking the full potential of its natural resources.

As the country prepares to seal the deal in May 2024, anticipation grows for the transformative impact that this landmark project will have on Nigeria’s economy and industrial landscape.

Continue Reading

Economy

IMF Report: Nigeria’s Inflation to Dip to 26.3% in 2024, Growth Expected at 3.3%

Published

on

IMF global - Investors King

Nigeria’s economic outlook for 2024 appears cautiously optimistic with projections indicating a potential decrease in the country’s inflation rate alongside moderate economic growth.

The IMF’s revised Global Economic Outlook for 2024 highlights key forecasts for Nigeria’s economic landscape and gave insights into both inflationary trends and GDP expansion.

According to the IMF report, Nigeria’s inflation rate is projected to decline to 26.3% by the end of 2024.

This projection aligns with expectations of a gradual easing of inflationary pressures within the country, although challenges such as fuel subsidy removal and exchange rate fluctuations continue to pose significant hurdles to price stability.

In tandem with the inflation forecast, the IMF also predicts a modest economic growth rate of 3.3% for Nigeria in 2024.

This growth projection reflects a cautious optimism regarding the country’s economic recovery and resilience in the face of various internal and external challenges.

Despite the ongoing efforts to stabilize the foreign exchange market and address macroeconomic imbalances, the IMF underscores the need for continued policy reforms and prudent fiscal management to sustain growth momentum.

The IMF report provides valuable insights into Nigeria’s economic trajectory, offering policymakers, investors, and stakeholders a comprehensive understanding of the country’s macroeconomic dynamics.

While the projected decline in inflation and modest growth outlook offer reasons for cautious optimism, it remains essential for Nigerian authorities to remain vigilant and proactive in addressing underlying structural vulnerabilities and promoting inclusive economic development.

As the country navigates through a challenging economic landscape, concerted efforts towards policy coordination, investment promotion, and structural reforms will be crucial in unlocking Nigeria’s full growth potential and fostering long-term prosperity.

Continue Reading

Economy

South Africa’s March Inflation Hits Two-Month Low Amid Economic Uncertainty

Published

on

South Africa's economy - Investors King

South Africa’s inflation rate declined to a two-month low, according to data released by Statistics South Africa.

Consumer prices rose by 5.3% year-on-year, down from 5.6% in February. While this decline may initially suggest a positive trend, analysts caution against premature optimism due to various economic factors at play.

The weakening of the South African rand against the dollar, coupled with drought conditions affecting staple crops like white corn and geopolitical tensions in the Middle East leading to rising oil prices, poses significant challenges.

These factors are expected to keep inflation relatively high and stubborn in the coming months, making policymakers hesitant to adjust borrowing costs.

Lesetja Kganyago, Governor of the South African Reserve Bank, reiterated the bank’s cautious stance on inflation pressures.

Despite the recent easing, inflation has consistently remained above the midpoint of the central bank’s target range of 3-6% since May 2021. Consequently, the bank has maintained the benchmark interest rate at 8.25% for nearly a year, aiming to anchor inflation expectations.

While some traders speculate on potential interest rate hikes, forward-rate agreements indicate a low likelihood of such a move at the upcoming monetary policy committee meeting.

The yield on 10-year bonds also saw a marginal decline following the release of the inflation data.

March’s inflation decline was mainly attributed to lower prices in miscellaneous goods and services, education, health, and housing and utilities.

However, core inflation, which excludes volatile food and energy costs, remained relatively steady at 4.9%.

Overall, South Africa’s inflation trajectory underscores the delicate balance between economic recovery and inflation containment amid ongoing global uncertainties.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending