A REVIEW OF THE ECONOMICS AND MANAGEMENT OF MODERN STRUCTURAL MATERIALS AND SOFTWARE IN THE CONSTRUCTION INDUSTRY IN NIGERIA
Abstract
The Nigerian construction industry is undergoing gradual transformation, with increasing attention to modern structural materials and advanced software capable of enhancing efficiency, sustainability, and cost-effectiveness. This study investigates the economics and management of these innovations, emphasizing their potential to reshape the sector. While global literature affirms long-term cost savings, efficiency gains, and sustainability benefits, limited context-specific research exists for Nigeria, where high upfront costs, inadequate infrastructure, limited technical expertise, and inconsistent supply chains remain significant barriers. This research applies a mixed-method approach comprising literature review, comparative economic analysis, and evaluation of relevant case studies to assess feasibility, economic implications, and management requirements for adoption. Findings indicate that modern materials such as high-performance concrete, self-healing concrete, advanced composites, and technologies like BIM and 3D printing can lower lifecycle costs, improve project outcomes, and enhance durability. However, adoption is impeded by limited awareness, financial constraints, inadequate infrastructure, and regulatory gaps. The study recommends targeted government incentives, capacity-building programs, local manufacturing initiatives, and integrated policy frameworks to accelerate adoption. While limitations exist in localized data availability, this research provides critical insights for bridging the innovation gap in Nigeria's construction industry.
KEYWORDS: modern, structural, materials, construction
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