csrreporters 
The 2025 IFMA Global Africa Conference in Lagos concluded with a clear message: ethical procurement and transparent bidding practices are essential to unlocking the full economic potential of Nigeria’s facility management (FM) sector.
Speaking at the conference, David O. Korede, CEO of Bloom FM, delivered a compelling session that challenged the status quo in procurement practices. Korede stressed that prioritising ethics and value over cost-cutting is critical to building trust, improving service quality, and driving long-term economic efficiency in the FM industry.
“The obsession with lowest-cost bids has hindered innovation, weakened standards, and devalued the entire sector,” he said. “We must shift towards a value based procurement culture rooted in fairness, competence, and integrity.”
Korede introduced a model for addressing Nigeria’s bidding challenges, calling for transparent evaluation frameworks, vendor capacity development, and ethical screening systems. According to him, this approach will not only raise standards but also attract serious investors, increase job opportunities, and reduce wasteful spending in public and private facility projects.
Under Korede’s leadership, Bloom FM has consistently demonstrated how sustainability, operational excellence, and ethical business practices can co-exist in a challenging economy. The company continues to advocate for a stronger maintenance culture, smarter energy use, and the integration of technology in the FM ecosystem.
The conference also featured former Minister of Works, Power, and Housing, Babatunde Raji Fashola, who emphasised the link between proper facility management and national productivity. Discussions further explored the need for regional collaboration, skilled workforce development, and digital transformation in the sector.
Organised by IFMA Global in partnership with its Lagos Chapter, the event reinforced the role of facility management in improving public infrastructure, reducing operational costs, and contributing to national development.
As Nigeria’s economy grapples with high infrastructure deficits and inefficiencies, industry leaders say the facility management sector, if governed by ethical and sustainable principles can emerge as a critical driver of jobs, investment, and long term value.
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