BIFM, BusinessDay launch Nigeria’s first FM Business Confidence Monitor

BIFM, a leading professional body for facilities management (FM), has today launched its Facilities Management Business Confidence Monitor (BCM) Nigeria, in partnership with BusinessDay newspaper.

The research aims to gain a full picture of FM sector confidence by canvassing the views of the sector’s senior decision makers as well as the teams delivering those services. It will ask for opinion on current business performance, the business outlook for the coming months, and individual career prospects of people working within facilities services organisations, large or small, at all levels and encompassing all roles.

Speaking on the BCM, chair of BIFM Nigeria, Wale Odufalu, said, “Information is key to making strategic decisions, with timely and relevant information, uncertainty is reduced and organisations can make more informed decisions. Unfortunately the lack of industry data is one of the challenges faced in the FM industry in Nigeria.

“BIFM Nigeria believe the BCM will provide valuable insight and value to FM professionals, and the business community, on the business outlook for the next 12 months as it garners opinion from industry players at different levels from both the client side as well as the supply side of FM.”

Peter Brogan, BIFM research and information manager, added, “On completion, the BCM will be able to show how confident organisations are, about the prospects of the FM industry in Nigeria over the year ahead; and how the existing performance of facilities management professionals are rated within the market. This is a very exciting project for us.”

Odufalu continued, “BIFM’s community group in Nigeria was set up to support the growing FM industry and an increased number of FM professionals from across the country. With BIFM supporting a Business Confidence Monitor in Nigeria it demonstrates the respect of the existing FM market as well as the potential growth opportunities for the sector.

“We are also delighted to have the support of the leading business publication in the country, BusinessDay.”