Construction SMEs does contribute immensely to the economic development globally. GDP determines ... more Construction SMEs does contribute immensely to the economic development globally. GDP determines the growth of any economy. Studies express concern over the non-performance of construction SMEs. This is evident by poor management, high rate of inflation, high rate of unemployment, and increase in poverty and as well as lack of infrastructure for economic development. Exploratory design was used to collect data through literature review. The study is aimed at examining the role of construction SMEs on economic development. This was achieved through the following objectives: to determine the impact of policy on construction SMEs, to ascertain the need of construction SMEs, examine how food and insecurity affect construction SMEs in economic development, to examine technology on construction SMEs and evaluate the challenges of construction SMEs on economic development. Despite the significant contribution of construction SMEs globally, it is still a myriad in Nigeria. Based on these, recommendations were made that Construction SMEs operators should develop skills and innovations in enhancing economic development as well as monitoring and supervision mechanisms should be intensified by government and professional bodies.
Construction SMEs does contribute immensely to the economic development globally. GDP determines ... more Construction SMEs does contribute immensely to the economic development globally. GDP determines the growth of any economy. Studies express concern over the non-performance of construction SMEs. This is evident by poor management, high rate of inflation, high rate of unemployment, and increase in poverty and as well as lack of infrastructure for economic development. Exploratory design was used to collect data through literature review. The study is aimed at examining the role of construction SMEs on economic development. This was achieved through the following objectives: to determine the impact of policy on construction SMEs, to ascertain the need of construction SMEs, examine how food and insecurity affect construction SMEs in economic development, to examine technology on construction SMEs and evaluate the challenges of construction SMEs on economic development. Despite the significant contribution of construction SMEs globally, it is still a myriad in Nigeria. Based on these, recommendations were made that Construction SMEs operators should develop skills and innovations in enhancing economic development as well as monitoring and supervision mechanisms should be intensified by government and professional bodies.
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Conference Presentations by John Alaezi