NIQS Call for Fiscal Reforms, Transparent Governance to Strengthen Nigeria’s Infrastructure

By Julian Osamoto

The Nigerian Institute of Quantity Surveyors (NIQS), has called for stronger fiscal reforms and transparent governance as essential steps toward rebuilding Nigeria’s infrastructure and promoting sustainable national development.

President of the Institute QS Kene Nzekwe, spoke in Abuja while briefing Journalists, ahead of the institute’s Biennial General Meeting and National Conference, which is scheduled to hold in November under the theme “Rebuilding Nigeria: Enhancing National Development Through Fiscal Reforms, Infrastructure Planning, and the New Governance Imperative.”

According to Nzekwe, quantity surveyors play a crucial role in ensuring cost efficiency and value for money in public projects, especially as Nigeria continues to face economic pressures linked to inflation and policy reforms.

“Rebuilding Nigeria requires fiscal discipline, transparency, and the involvement of qualified professionals, Quantity surveyors are central to achieving efficiency and accountability in the built environment.” he stated.

He welcomed ongoing fiscal reforms by the Federal Government, including the work of the Presidential Committee on Fiscal Policy and Tax Reforms, noting that the proposed Nigerian Tax Act 2025 and the National Urban Development Policy 2025–2035 could help streamline tax processes, encourage investment, and improve infrastructure planning.

Nzekwe, however, expressed concern over the absence of a standardised national building code and the growing trend of unqualified practitioners encroaching on specialised professional roles, which he said undermines project quality and public trust.

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“When cost management is handled by those without proper training, resources are wasted and public confidence is weakened,” he added.

He also linked rising housing costs and rent increases to currency devaluation and inflationary pressures, saying that effective fiscal policies and legislation were needed to stabilise the construction and housing sectors.

Nzekwe emphasised that fiscal reforms should extend across all levels of governance, highlighting the need for accountability and moderation in public spending.

“Fiscal reform must affect every sphere of national life,” he said. “Visible prudence and ethical leadership are key to restoring public confidence.”