The Everchanging Face of the Construction Industry
The global construction industry is a vast and ever-changing field, encompassing a wide
range of projects and building types, from residential and commercial properties to
infrastructure and industrial developments. Despite ongoing challenges such as
economic uncertainty, technological advancements, and environmental concerns, the
industry continues to grow and evolve.
One major trend in the global construction industry is the increasing use of technology,
such as Building Information Modeling (BIM), which allows for more efficient and
accurate design and planning of projects. Additionally, there is a growing emphasis on
sustainable and green building practices, as well as the integration of smart
technology into buildings.
In contrast, the construction industry in Nigeria is relatively underdeveloped and faces
several challenges. These include a lack of access to funding and financing, limited
access to advanced technology and equipment, and a lack of skilled labor. Additionally,
the industry is often plagued by corruption, which can make it difficult for companies to
secure contracts and complete projects on time and within budget.
However, one company doing it right is Rhema Project BCEGI. Rhema Project
BCEGI is a subsidiary of the Origin Tech Group, a group that prides itself on its ability
to use its resources and innovation to solve problems within the African Continent.
Currently Rhema Project and the Origin Group have brought their innovation to bear in
tackling food sufficiency in Lagos state by embarking on the construction of the Lagos
Food Security Systems and Logistics Hub. The Food Security Systems and Logistics
Hub is a modern and smart central market system with facilities for major food
processing, storage, and distribution.
Upon completion, the facilities will be the largest food security systems hub in Africa and
will be able to store, repackage and redistribute both dry and fresh food products. It is
also expected to create direct wealth for more than 5 million traders in the agricultural
value chain when completed, while also guaranteeing uninterrupted food supplies to
more than 10 million Lagosians especially during a period of scarcity.
Overall, the Nigerian construction industry has a long way to go to be able to compete
globally, but with companies like Rhema Project BCEGI leading the pack and with the
right investments and initiatives, it has the potential to become a major player in the
global construction landscape.