ANALYSIS OF THE IMPACT OF BUILDING COLLAPSE RISKS IN THE NIGERIAN ECONOMY

D A Obodoh, C C Nwachukwu, C P Igwe, C M Obodoh

Abstract


The study examines the impact of building collapse risks in the Nigerian economy. Survey research design was adopted in carrying out the research and five cities in Nigeria were chosen (Abuja, Ibadan, Port Harcourt, Owerri and Lagos). The choice of those cities was based on frequency of building collapse, population pressure and concentration of building activities. The target population for the study is made up of the key professionals in the Nigerian construction industry, stakeholders, clients and developers. A sample size of 1999 was chosen using Taro Yamane method. Data generated from 1860 respondents representing 93 % of the distributed questionnaires were presented using frequency tables, pie –charts and bar charts, while analysis was done using percentages and weighted mean. The findings of the study show that building collapse risks have multifarious factors which were categorized as Economic/Financial risks, Socio-political risks, Human related risks, Physical risks, Environmental risks and Law/legal risks. The negative effects of these risks are: Loss of lives, loss of property, professionals marketability to foreign firms has been devalued, environmental damage and structural damage. It was also discovered that human related risks have predominant effect in the Nigerian economy, while law/legal risks have the least effect. The study recommends that there should be adequate funding and monitoring of the activities of all emergency services such as National Emergency Management Agency (NEMA), State Emergency Management Agency (SEMA), Local Emergency Management Agency (LEMA), Red Cross Society, Fire Services, and NGOs among others.


KEYWORDS: Building Collapse, Building Collapse Risks, Nigerian Economy, Socio-Economic Development, Millennium Development Goals (MDGs).


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