‘DIGITAL TECHNOLOGY COULD REDUCE PROJECT COST BY 20%’ – EXPERT

A leading construction and technology expert has projected that the adoption of digital tools could reduce project costs by up to 20% in Nigeria’s infrastructure and real estate sectors.

Speaking at a recent industry conference, the expert highlighted the potential of Building Information Modelling (BIM), artificial intelligence, and data analytics in optimising project planning, resource allocation, and execution. He noted that digital solutions can minimise waste, improve efficiency, and enhance collaboration among stakeholders.

Participants at the event agreed that embracing technology is essential for addressing the high cost of construction and delivering projects within budget and on schedule. They called for greater investment in digital skills and infrastructure to support wider adoption across the industry.

The expert urged developers, contractors, and government agencies to prioritise digital transformation as a key strategy for cost reduction and improved project outcomes. He also emphasised the need for policy support and capacity building to maximise the benefits of technology in the built environment.

The projection has sparked optimism among industry players about the future of construction and infrastructure development in Nigeria.