Why venture administration regulation is essential to sustainable infrastructure – Imo ADC chieftain Chukwu

A distinguished political stakeholder, businessman, venture administration skilled and philanthropist in Imo state, Dr Ejike Lucky Chukwu, has referred to as for efficient regulation of venture administration practices in Nigeria to make sure sustainable infrastructure improvement and stop the untimely deterioration of roads, buildings and different public amenities.

Chukwu, who was the governorship candidate of the African Democratic Congress (ADC) within the 2019 Imo state election, made the decision on Thursday on the eighth annual induction and convention of the Chartered Institute of Project Managers of Nigeria (CIPMN) in Abuja.

He mentioned Nigeria should embrace skilled venture administration requirements to make sure that infrastructure initiatives meet worldwide requirements, ship worth for cash and stand the take a look at of time.

The skilled careworn the necessity for a regulatory physique to implement skilled requirements, noting that poor venture execution had contributed to the failure of a number of infrastructure initiatives throughout the nation.

Concrete roads provide lasting options

Assessing infrastructure supply in Nigeria, Chukwu acknowledged the challenges going through the sector however noticed that development practices had witnessed some adjustments beneath the current administration.

He cited the adoption of concrete expertise in freeway development by the Federal Ministry of Works, noting that such roads may final greater than 50 years if correctly executed and maintained.

“These roads can last for more than 50 years. That is why project management today is very important to a country like Nigeria, like never before,” he mentioned.

Experts urged to uphold requirements

Chukwu urged venture administration professionals to deploy their experience in making certain that infrastructure initiatives throughout the nation attain internationally recognised requirements of high quality and sturdiness.

He emphasised that efficient venture planning, execution, supervision and monitoring had been important to delivering sustainable infrastructure and making certain that public investments present lasting worth to Nigerians.