Business Confidence Monitor Nigeria 2016-17

Report

 

The practice of Facilities Management (FM) is not altogether new to Nigeria but until now there has not been a comprehensive attempt to profile the sector or produce a working document aimed at assessing the views of those working in the sector.

This collaboration between the British Institute of Facilities Management (BIFM) Nigeria Region and BusinessDay is aimed at particularly bridging an information gap. It presents a clear depiction of the national facilities management (FM) industry, as viewed by the professionals who work in it every day, as well as the opinions of public and private sector individuals who subscribe to the services of facilities management companies. 

The report aims to capture a comprehensive picture of FM market confidence by canvassing the views of the sector’s senior decision makers, as well as the teams on the ground delivering those services throughout Nigeria. With the major FM market in Nigeria covered in this report, it gives a clear picture of where the sector is headed in the next 12 months.

From the responses, one thing is clear: the facilities management industry in Nigeria is gaining momentum, more people in both the public and private sector are becoming informed about the importance and the role FM can play in enabling business. 

The sector’s positive outlook can be demonstrated by the anticipated growth in turnover, expansion plans and a desire to retain employees or employ new ones. The majority of respondents are also planning on equipping their employees through training and technology acquisition. 

The report gives an indication of areas of possible investment both for facilities management service providers and those who offer facilities management companies services, such as recruitment, training and FM technology. 

Despite a recession in the Nigerian economy, most respondents were optimistic about an economic rebound in the next 12 months. In light of this, 72% of respondents plan to increase their work force, while 85% of them will increase capital investment in the next 12 months. 

As well as the data received, this report captures the opinions of respondents together with key interviews aimed at providing further detail of the FM picture in Nigeria.