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By Obas Esiedesa
Engineers under the Institute of Appraisers and Cost Engineers (IACE) have called for stronger application of engineering valuation, cost engineering and engineering economy principles to address cost overruns, waste and inefficiencies in project execution in Nigeria.
The call was made at the 2026 National Technical Conference of the IACE, held in Abuja, with the theme: “Engineering Valuation, Cost Engineering and Engineering Economy Solutions in Emerging Economies.”
The President of the Nigerian Society of Engineers (NSE), Engr. Ali Rabiu, said nations across the world were increasingly confronted with the challenge of maximising limited resources while meeting growing demands for infrastructure, economic growth and improved quality of life.
Rabiu who was represented by Engr. Dauda Musa, said that in emerging economies such as Nigeria, engineering evaluation, cost optimisation and sound economic analysis had become indispensable to ensuring that public and private investments delivered maximum value and sustainable outcomes.
He said
