N4.6trn lost to building collapse in 4 years - Report
AI Executive Briefing
Verified Synthesis~70s readThe recurring incidents of building collapse in Nigeria has again raised questions on structural and regulatory supervision in the real estate sector. He said a recent analysis of documented incidents between 2022 and 2025 estimated at least N4.6 trillion in destroyed goods, property and business assets.
Context & Background
- ✦Experts attribute these incidents to substandard block-moulding combined with defective materials , unprofessional construction practices, inadequate supervision and the push to cut costs In Nigeria, the Standards Organisation of Nigeria (SON), state works ministries and local councils are mandated by law to regulate and and ensure that building materials are up to standards N4.6trn lost The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN), in partnership with the Council for the Regulation of Engineering in Nigeria (COREN) and the Nigeria Building and Road Research Institute (NBRRI) has set up an initiative to curb building collapses, noting that Nigeria is currently lossing trillions Speaking at the induction of the inaugural cohort of CEFFI professionals, Dr Iliyasu Gashinbaki, President and Chairman of the Governing Council of CIFCFIN, said the initiative stemmed from disturbing findings in a 2026 engineering study.
Key Figures & Named Entities
2020:Additionally, between January 2020 and June 2026, Nigeria recorded dozens of building collapses that killed hundreds and injured many more.2021:High-profile collapses there in 2021, 2022 and 2024 claimed dozens of lives and destroyed livelihoods.2026:Experts attribute these incidents to substandard block-moulding combined with defective materials , unprofessional construction practices, inadequate supervision and the push to cut costs In Nigeria, the Standards Organisation of Nigeria (SON), state works ministries and local councils are mandated by law to regulate and and ensure that building materials are up to standards N4.6trn lost The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN), in partnership with the Council for the Regulation of Engineering in Nigeria (COREN) and the Nigeria Building and Road Research Institute (NBRRI) has set up an initiative to curb building collapses, noting that Nigeria is currently lossing trillions Speaking at the induction of the inaugural cohort of CEFFI professionals, Dr Iliyasu Gashinbaki, President and Chairman of the Governing Council of CIFCFIN, said the initiative stemmed from disturbing findings in a 2026 engineering study.
Outlook & Next Steps
Follow original publisher reporting for subsequent developments, official responses, and verified updates.
Key Takeaways
Verified Extract- The recurring incidents of building collapse in Nigeria has again raised questions on structural and regulatory supervision in the real estate sector.
- He said a recent analysis of documented incidents between 2022 and 2025 estimated at least N4.6 trillion in destroyed goods, property and business assets.
- Experts attribute these incidents to substandard block-moulding combined with defective materials , unprofessional construction practices, inadequate supervision and the push to cut costs In Nigeria, the Standards Organisation of Nigeria (SON), state works ministries and local councils are mandated by law to regulate and and ensure that building materials are up to standards N4.6trn lost The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN), in partnership with the Council for the Regulation of Engineering in Nigeria (COREN) and the Nigeria Building and Road Research Institute (NBRRI) has set up an initiative to curb building collapses, noting that Nigeria is currently lossing trillions Speaking at the induction of the inaugural cohort of CEFFI professionals, Dr Iliyasu Gashinbaki, President and Chairman of the Governing Council of CIFCFIN, said the initiative stemmed from disturbing findings in a 2026 engineering study.
Key Facts:2020: Additionally, between January 2020 and June 2026, Nigeria recorded dozens of building collapses that killed hundreds and injured many more.2021: High-profile collapses there in 2021, 2022 and 2024 claimed dozens of lives and destroyed livelihoods.2026: Experts attribute these incidents to substandard block-moulding combined with defective materials , unprofessional construction practices, inadequate supervision and the push to cut costs In Nigeria, the Standards Organisation of Nigeria (SON), state works ministries and local councils are mandated by law to regulate and and ensure that building materials are up to standards N4.6trn lost The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria (CIFCFIN), in partnership with the Council for the Regulation of Engineering in Nigeria (COREN) and the Nigeria Building and Road Research Institute (NBRRI) has set up an initiative to curb building collapses, noting that Nigeria is currently lossing trillions Speaking at the induction of the inaugural cohort of CEFFI professionals, Dr Iliyasu Gashinbaki, President and Chairman of the Governing Council of CIFCFIN, said the initiative stemmed from disturbing findings in a 2026 engineering study.2025: According to Gashinbaki, the study identified 111 validated building-collapse incidents in Nigeria between 2015 and 2025.
Editorial Excerpt
The recurring incidents of building collapse in Nigeria has again raised questions on structural and regulatory supervision in the real estate sector. Checks...
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
The recurring incidents of building collapse in Nigeria has again raised questions on structural and regulatory supervision in the real estate sector.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Federal Capital Territory, Lagos State.
What timeline or key figures were confirmed?
Additionally, between January 2020 and June 2026, Nigeria recorded dozens of building collapses that killed hundreds and injured many more.
