Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
PRICING
SUBSCRIBE
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
No Result
View All Result
Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
  • Trends

Home » News » Nigeria Loses N23tn To Building Collapses, Construction Safety Failure—Expert

Nigeria Loses N23tn To Building Collapses, Construction Safety Failure—Expert

June 24, 2026
in News
Reading Time: 2 mins read

[mc4wp_form id=33047]

Nigeria loses an estimated N23tn to building collapses, workplace accidents and other construction safety failures, a construction safety expert, Dr Wilson Alli, has disclosed.

Alli, who serves on the Codes and Standards Committee for the adoption of the Draft Harmonised National Construction Safety Guideline for the Nigerian Construction Industry, spoke on Tuesday during the adoption of the draft guidelines in Abuja.

The event, which brought relevant stakeholders in the built industry, was organised by the Council for the Regulation of Engineering in Nigeria (COREN).

Speaking on the rationale for the proposed guideline, he explained that the estimate is based on a globally accepted benchmark that places the economic cost of occupational accidents and safety failures at about four per cent of a country’s Gross Domestic Product (GDP).

According to him, with Nigeria’s GDP estimated at $370bn the country is losing roughly N23 trillion annually to preventable incidents arising from poor compliance with construction safety regulations and protocols.

He noted that the official fatalities documented by the Nigeria Social Insurance Trust Fund represent only a fraction of the actual toll, as many accidents in smaller construction sites and the informal sector go unreported.

“Those figures largely cover multinational companies. What about the numerous other sectors where incidents are never officially captured?” he asked.

He stated that the true scale of construction-related deaths and injuries is significantly higher.

According to him, the proposed harmonised national construction safety guideline is designed to establish uniform safety standards for every aspect of construction work, including civil engineering, building, mechanical and electrical projects.

He said the document would provide a common framework for safety compliance and enforcement across the industry, reducing accidents, protecting lives and saving billions of naira currently lost to preventable failures.

Earlier, the President of COREN, Prof. Sadiq Zubair Abubakar, said the construction sector remains one of the country’s major drivers of economic growth through infrastructure development, job creation and its contribution to national development.

He, however, noted that the industry continues to grapple with persistent occupational health and safety challenges, leading to avoidable accidents, injuries, fatalities, project delays and significant economic losses.

According to him, the growing complexity of construction projects and the increasing number of stakeholders involved make it imperative to establish a comprehensive national safety framework that clearly defines responsibilities, standards, procedures and enforcement mechanisms.

The COREN President described the draft guideline as a product of collective efforts aimed at harmonising existing safety regulations, international best practices and national regulatory requirements into a single document that will serve as a practical reference for everyone in the construction value chain.

Also, the COREN Registrar, Prof. Okorie Uche, said the draft document would restore sanctity and professional discipline in the country’s construction industry.

(The Whistler)

RelatedNews

News

BREAKING: DSS Counsel Denies In Open Court Widely Reported Plan To Pause Sowore’s Trial Until After 2027 Election

October 1, 2026
News

Court orders Wike’s son to produce passport in alleged $2.1m fraud case

October 1, 2026
News

Citizens Must Take Elections, Nation-Building Seriously—Otti

October 1, 2026
News

Multi-million rand investment aims to expand school sports participation in Mitchells Plain

October 1, 2026
News

Workers Don’t Need Washington To Drag Them Back To The 1950s

October 1, 2026
News

The People Who Built Britain Are Being Written Out of It

October 1, 2026
Next Post

Top stories from across Nigerian Newspapers, Wednesday June 24

World Cup 2026: 7 countries qualify for Round of 32 stage

Latest News

LIVE STREAM: Angola vs Malawi | AFCON Qualifiers

LIVE STREAM: Angola vs Malawi | AFCON Qualifiers

October 6, 2026
LIVE STREAM: Switzerland vs North Macedonia | UEFA Nations League B

LIVE STREAM: Switzerland vs North Macedonia | UEFA Nations League B

October 6, 2026
LIVE STREAM: Scotland vs Slovenia | UEFA Nations League B

LIVE STREAM: Scotland vs Slovenia | UEFA Nations League B

October 6, 2026
LIVE STREAM: Croatia vs Spain | UEFA Nations League A

LIVE STREAM: Croatia vs Spain | UEFA Nations League A

October 6, 2026
LIVE STREAM: England vs Czechia | UEFA Nations League A

LIVE STREAM: England vs Czechia | UEFA Nations League A

October 6, 2026

Topics

  • Latest News
  • Nigeria
  • Africa
  • Europe
  • Asia
  • Americas
  • United States

Social Media

  • WhatsApp
  • Facebook
  • X (Twitter)
  • YouTube
  • LinkedIn

Special Topics

  • Column
  • Bassey Otu
  • Bola Tinubu
  • Special Reports
  • Profile & Biography
  • Opinion
  • Latest News
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.

No Result
View All Result
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.