In the heart of Nigeria’s bustling construction industry, a significant shift is on the horizon, one that could redefine the sector’s environmental impact and commercial viability. A recent study, led by Ubayi Salisu Mannir of Sharda University in India and published in the Baltic Journal of Real Estate Economics and Construction Management (translated as “Baltic Journal of Real Estate Economics and Construction Management”), has cast a spotlight on the current state of circular economy and sustainable construction practices in Nigeria, offering a roadmap for future developments.
The study, which employed a quantitative research approach through an online survey, revealed that while awareness and understanding of circular economy principles are high among construction professionals, the implementation of sustainable practices is lagging. “Respondents demonstrated a strong commitment to easily implemented and cost-effective strategies,” Mannir noted, “but there are notable gaps in the use of sustainable building materials and advanced technologies.”
These gaps present a significant opportunity for the energy sector. As the construction industry increasingly adopts energy conservation strategies, the demand for innovative, energy-efficient solutions is set to rise. This could open new avenues for energy providers, technology developers, and material manufacturers to cater to this growing market.
Moreover, the study highlighted the lack of strict governmental regulations as a major barrier to wider adoption of sustainable practices. This underscores the need for policy interventions that can drive the industry towards more sustainable paths. As Mannir put it, “The government should play a bigger role in the establishment of policy, incentives, and education.”
The commercial implications are profound. As the construction industry shifts towards sustainability, it will create a ripple effect across the energy sector, driving demand for cleaner, more efficient energy solutions. This could lead to increased investment in renewable energy, energy-efficient technologies, and sustainable materials, ultimately fostering a more sustainable and commercially viable future for both industries.
The study’s findings serve as a wake-up call and a beacon of hope. They underscore the urgent need for action and provide a clear path forward. As the Nigerian construction industry stands at the precipice of a sustainability revolution, the energy sector stands ready to fuel its journey. The future is not just about building structures; it’s about building a sustainable future, one brick, one watt, and one policy at a time.