BUSINESS
DIGITALISATION CAN CUT CONSTRUCTION CORRUPTION BY 80%, EXPERT SAYS
A leading construction technology expert has claimed that widespread digitalisation of processes could reduce corruption in the construction industry by as much as 80%.
Speaking at a recent industry summit, the expert highlighted how transparent digital platforms, blockchain technology, and real-time project monitoring can minimise opportunities for graft, bid rigging, and inflated contracts. He noted that manual processes often create loopholes that enable corrupt practices, while digital systems promote accountability and traceability.
Participants at the event agreed that embracing technology would not only curb corruption but also improve project efficiency and reduce costs. They called for government and private sector collaboration to accelerate the adoption of digital tools across the construction value chain.
The expert urged stakeholders to invest in capacity building and the necessary infrastructure to support digital transformation in the sector. He emphasised that the potential benefits extend beyond corruption reduction to include better project delivery and enhanced investor confidence.
The projection has sparked discussions on the role of technology in promoting good governance and sustainable development in Nigeria’s construction industry.