Nigerian Engineers Seek Stronger Cost Control for Project Delivery

Engineers in Nigeria are calling for a more rigorous application of valuation, cost engineering, and economic principles to tackle persistent issues of cost overruns, waste, and inefficiencies in project execution. The Institute of Appraisers and Cost Engineers (IACE) highlighted this need at its 2026 National Technical Conference in Abuja.

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nations across the world were increasingly confronted with the challenge of maximising limited resources while meeting growing demands for infrastructure, economic growth and improved quality of life.

The conference, themed "Engineering Valuation, Cost Engineering and Engineering Economy Solutions in Emerging Economies," brought together professionals to discuss strategies for optimizing resource management. Engr. Ali Rabiu, President of the Nigerian Society of Engineers (NSE), represented by Engr. Dauda Musa, stated that nations worldwide face the challenge of maximizing limited resources to meet growing demands. He stressed that in emerging economies like Nigeria, these engineering and economic principles are indispensable for ensuring that investments yield maximum value and sustainable results.

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in emerging economies such as Nigeria, engineering evaluation, cost optimisation and sound economic analysis had become indispensable to ensuring that public and private investments delivered maximum value and sustainable outcomes.

Outgoing National Chairman of the IACE, Engr. Ike Iwenofu, explained that the combined application of these disciplines provides a robust framework. This framework aims to enhance efficiency, reduce waste, and maintain tighter control over project budgets and timelines. The conference served as a vital platform for exchanging ideas and exploring innovative approaches to accelerate infrastructure delivery and foster sustainable national development.

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the conference provided a unique opportunity for participants to exchange ideas, share experiences and explore innovative approaches to support the efficient management of scarce resources, accelerate infrastructure delivery and promote sustainable national development.