Nigeria News

UKTI Seeks Nigeria’s Sustained Economic Growth, Through Infrastructure Maintenance

The United Kingdom Trade and Investment (UKTI), Nigerian High Commission in London and an asset management company , Alpha Mead Facilities, have announced their collaboration to boost Nigeria’s infrastructure maintenance capacity, towards ensuring that the West African giant sustains its on-going rapid economic growth.
 
The three entities in a joint statement, noted that without efficient and well maintained infrastructure, the current economic growth in Nigeria could not be sustained.
 
“Productivity growth and thus increasing competitiveness is higher in countries with an adequate supply of infrastructure services. Infrastructure therefore plays a critical role in enhancing a country’s competitiveness and in easing the cost of doing business. Without efficient and well maintained infrastructure, the current economic growth in Nigeria cannot be sustained,” the statement said.
 
In an effort to address the problem of poor infrastructure management therefore, the statement announced plans to hold the group’s first  ‘Asset Summit Africa’, which will expose professionals in the country to the best global standards and practices, in the management and maintenance of physical assets and infrastructure.
 
According to the statement, following the successes of the last two summits in London, the Asset Summit Africa 2014 will be held for the first time in Africa at in Lagos, on  from  March 31 to April 1,  2014.
 
“This event is about promoting effective asset management and maintenance culture in developing nations with the theme of reduced costs, improved safety and increased profitability, through Effective Asset Management and Maintenance”. It has been put together in collaboration with the UK Trade and Investment, Alpha Mead Facilities as well as the Nigerian High Commission, London.
 
“As Africa’s number one asset management event, this summit will bring together over 150 senior managers and decision makers from Oil and Gas, Real Estate and Facilities, Government, Banking, Manufacturing and Utilities sectors,” it said.
 
According the statement, focusing on future growth, it is the first of its kind in Africa and the conference will also bring together world leaders and influencers in the Physical Asset management field and help improve via experience, existing practices within the world’s developing nations.
 
A participant in previous summits noted: “I wish to thank you for a very well organised and knowledge packed five five-day Asset  and Facilities  Management Summit that we attended in London between May 20-24th, 2013. Topics chosen were appropriate and very relevant to the current asset and infrastructural management challenges facing most African countries especially Nigeria at this time.
 
  Quality of resource persons and discussion by participants from various national, professional and cultural backgrounds further enriched the benefits from the program and networking opportunities. Programme  will yield more value through better integration of public and private sector participation especially if it can be conducted in specific African countries starting with Nigeria,” the participant said.
 
Managing Director and Chief Executive Officer of Alpha Mead Facilities and Management Services Limited, Mr. Femi Akintunde, urged stakeholders not to miss the tremendous opportunity of attending one of the most sought after conferences of the year in Africa, where key challenges and opportunities faced by infrastructures and facilities in developing countries will be addressed.

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