The Nigerian Economy: The Role of Architectural Engineering

Nigeria as an emerging economy has a lot to consider and plan for the future. In light of declining oil prices, slowing economic growth, and poor infrastructure, the country must reassess how it can grow moving forward. This is why governments, businesses, and entrepreneurs must focus on ways in which Nigeria can recover from these adverse effects and thrive once again. The Nigerian economy depends on many factors to thrive. One such sector that has great potential is architectural engineering. With a holistic approach that involves both public and private sectors, this industry can lead Nigeria towards prosperity once more. Read on to learn more about the benefits of architectural engineering to the Nigerian economy.

What is architectural engineering?

Architectural engineering is the process of designing and managing buildings and other architectural projects. This field of study is concerned with the materials, structure, safety, health, and sustainability of any given construction project. Architectural engineering typically focuses on buildings and infrastructures, like roadways, bridges, water treatment facilities, and buildings. This is why this field has long been essential in the development of cities and communities across the globe. Typically, architectural engineers work on projects ranging from small residential buildings to large-scale commercial or industrial developments.

Economic Benefits of Architectural Engineering in Nigeria

As Nigeria works to recover from a shaky economy, the architectural engineering industry can greatly assist in this process. This is due, in large part, to the potential the sector holds for generating revenue and creating jobs. The architectural engineering industry is composed of three sub-sectors: architectural design, construction management, and building services engineering. All of which are expected to generate a total revenue of over $30 billion for the year 2022. Architectural design services, including architectural and interior design, are expected to rake in approximately $13 billion. Construction management is expected to generate $15 billion in revenue, while building services engineering should be worth a total of $6 billion.

Rebuilding Infrastructure and Housing

The Nigerian government could also benefit from architectural engineering by increasing investment in infrastructure development. This would include all construction projects that support the country's economy, such as transportation systems, communication networks, and public utilities. By improving and modernizing infrastructure, the country's economy can flourish. Additionally, more people will have an easier time finding and obtaining employment, as well as transporting themselves to work.

Employment Opportunities

If the government invests in architectural engineering, it could create hundreds of thousands of jobs in the country. This is because an increase in construction leads to a need for more architects, engineers, surveyors, managers, and skilled labourers. People from all walks of life could potentially find employment in this industry, given that certain educational and skill requirements must be met. The Nigerian government could increase job opportunities by creating and promoting incentives for architectural engineering companies to invest and operate in the country. This could potentially include tax breaks, simplified licensing, and reduction in bureaucracy. Research has shown that boosting architectural engineering in the country can create a large number of jobs. The industry should create at least 160,000 jobs annually and has the potential to create up to 2 million jobs by 2028. To do so, the government needs to create a welcoming environment for architectural engineering companies.

Conclusion

The Nigerian economy has suffered to some degree in recent years. To truly thrive, the country must make architectural engineering a priority and encourage investment in the industry. Architectural engineering has great potential for the Nigerian economy. This is because it can boost revenue, create jobs, and strengthen the country's infrastructure. The government must actively support the industry in order to achieve these goals.