Understanding the nexus between facilities management and property value enhancement

The article explains that facilities management (FM) is crucial for preserving property value in residential, commercial, and industrial buildings. It notes that buildings naturally deteriorate over time, but neglected maintenance accelerates this process. In 2022, former President Muhammadu Buhari signed Executive Order 11, a policy requiring Ministries, Departments, and Agencies in Nigeria to establish maintenance departments. FM aims to improve quality of life and productivity by ensuring support services in the built environment.