Govt tasks valuers on national development
The Federal Government has advised estate surveyors and valuers to always have the interest of Nigerians and national development at heart when evaluating land or other assets. Minister of Works and Housing, Mr. Babatunde Fashola, who made the call at the inauguration of a 22-member board of the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) in Abuja, said the Act establishing the body has a far- reaching consequence, especially on land administration. He said: “The way they value land and assets should be in the best interest of professionals, government and stakeholders,” adding, all it will contribute to national development because land is at the centre of all things.
Speaking at the ceremony, ESVARBON Chairman, Gersh Henshaw, commended the Federal Government for giving members an enabling environment for the growth and prosperity of the practice in the country.
Henshaw said the board had revised its valuation reporting template produced in 2015 to ensure a uniform and standard reporting format as well as keep pace with the dynamics of time and changes in the global marketplace.
The chairman disclosed that 5,248 professionals had been accredited as registered estate surveyor and valuers. “The board had been strengthened to further meet, amongst other things, the application of digital technology innovation in the practice, which the minister emphasised during our induction ceremony. We will explore all avenues to promote professionalism,” he added.
He, however, noted that the baton of leadership of the board has changed hands, saying “We have kick off our mandate as is statutorily provided in our enabling Act, hoping that the first point of attention will be ensuring infrastructural growth.”
SOURCE: Guardian.ng
Similar Topics
US Election Race Intensifies: How Results Could Impact Nigeria’s Real Estate Market As the...
15 days ago Read MoreEquatorial Guinea Official Baltasar Engonga Ebang’s Video Sparks Controversy In recent days,...
15 days ago Read More
Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...
a month ago Read More
Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...
a month ago Read More
Housing sector stakeholders have raised concerns that the rising interest rates in the country are...
a month ago Read More
Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...
a month ago Read More
The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...
a month ago Read More
Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...
2 months ago Read More
The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...
2 months ago Read More
The National Board for Technical Education has inaugurated the Sector Skill Council for...
2 months ago Read More
The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...
2 months ago Read More
The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...
2 months ago Read More
The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...
2 months ago Read More
The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...
2 months ago Read More
The commercial real estate market is currently grappling with several major challenges, including...
2 months ago Read More
Real estate development is a key driver of economic growth in any region, and Africa is no...
2 months ago Read More
The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...
2 months ago Read More
The Federal Government has issued a 90-day deadline for subscribers of the National Housing...
2 months ago Read More
The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...
3 months ago Read More
A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...
3 months ago Read More