Despite the current economic slowdown, which has affected several industries and the country’s overall economy, researchers at the British Institute of Facilities Management (BIFM) have predicted positive growth for the country in the next 12 months.
The research conducted by BIFM and its Nigeria chapter, together with BusinessDay, which was made available to New Telegraph, shows optimism around the industry, a projected investment in FM training and development and an increasing use of technology amidst recession in the region.
The study recognised that FM industry in Nigeria was largely untapped and had huge potential to grow, indicating future growth was definite, with 72 per cent of respondents expected to increase their workforce in the next 12 months as a result of aggressive marketing efforts and other expansion plans.
According to the report, 197 respondents, who took part in the survey, recognised growing and professionalising FM industry despite economic uncertainty across Nigeria.
The report noted: “84 per cent of respondents were of the opinion that the industry will do better in the next 12 months while just one per cent said it would deteriorate over the next 12 months. Respondents attributed this optimism to an increasing awareness of FM in Nigeria, an improvement of services in FM companies and an increased outsourcing as a result of cost saving.”
Commenting, Chair of the BIFM Nigeria Committee, Wale Odufalu, said that the result of the BCM Nigeria had clearly showed the resilience of the FM industry in the face of current economic uncertainties. She said that stakeholders were optimistic that the report would further echo the relevance and potential of FM industry to both service and real estate sectors.
Odufalu said: “The BIFM Nigeria committee is excited about this new report, which aligns with our commitment to promote knowledge sharing in the FM industry.” She added that with the anticipated investment in training and technology by operators, the sector could play a major role as the country navigates itself out of the current recession