The Nigerian Institution of Estate Surveyors and Valuers (NIESV) recentlyย held a landmark event at the Banquet Hall, Aso Villa, Abujaโthe Inauguration Lecture and Ceremony of the 26th President and Chairman of Council, ๐ฌ๐บ๐ฝ ๐ฝ๐๐๐๐๐ ๐จ๐ ๐๐๐๐๐๐ ๐จ๐๐๐๐๐, ๐ท๐ต๐ฐ๐ฝ๐บ, ๐ญ๐น๐ฐ๐ช๐บ, ๐ญ๐ช๐ฐ๐๐ซ.
The occasion was graced by an array of distinguished guests from diverse sectors, including the Vice President of Nigeria, represented by ๐๐ซ. ๐๐จ๐ฉ๐ ๐๐จ๐ฅ๐๐๐ ๐ ๐๐ฌ๐ฎ๐ (๐ญ๐ก๐ ๐๐ฉ๐๐๐ข๐๐ฅ ๐๐๐ฏ๐ข๐ฌ๐๐ซ ๐จ๐ง ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐๐๐๐ข๐ซ๐ฌ); ๐ญ๐ก๐ ๐๐๐ง๐๐ญ๐ ๐๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ, ๐๐๐ง๐๐ญ๐จ๐ซ ๐๐จ๐๐ฌ๐ฐ๐ข๐ฅ๐ฅ ๐๐๐จ๐ญ ๐๐ค๐ฉ๐๐๐ข๐จ, ๐๐๐, who served as the Chairman of the Ceremony; the Executive Governor of Lagos State, ๐๐ข๐ฌ ๐๐ฑ๐๐๐ฅ๐ฅ๐๐ง๐๐ฒ, ๐๐๐๐๐ฃ๐ข๐๐ ๐๐๐ง๐ฐ๐จ-๐๐ฅ๐ฎ; the Minister of Finance, ๐๐ซ. ๐๐๐ฅ๐ ๐๐๐ฎ๐ง; ๐๐๐ง๐๐ญ๐จ๐ซ ๐๐ซ. ๐๐ข๐๐ก๐๐๐ฅ ๐๐ฉ๐๐ฒ๐๐ฆ๐ข ๐๐๐ฆ๐ข๐๐๐ฅ๐ ๐๐๐ (๐๐๐๐๐๐ซ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ญ๐ก ๐๐๐ง๐๐ญ๐), Chairman, Senate Committee on Rules and Business, ๐๐๐ง๐๐ญ๐จ๐ซ ๐๐ข๐ญ๐ฎ๐ฌ ๐. ๐๐๐ฆ Chairman, Senate Committee on Marine and Blue Economy, ๐๐๐ง๐๐ญ๐จ๐ซ ๐๐๐ง๐ง๐ข ๐๐๐ฌ๐ข๐ฎ ๐๐ฌ๐ก๐ข๐ฅ๐จ๐ค๐ฎ๐ง; Chairman, Federal Inland Revenue Service (FIRS) – ๐๐ซ. ๐๐๐๐ก ๐๐๐๐๐๐ฃ๐ข, the Paramount Ruler of Yewa land, Olu of Ilaro, ๐๐ถ๐ ๐ฅ๐ผ๐๐ฎ๐น ๐๐ถ๐ด๐ต๐ป๐ฒ๐๐ ๐ข๐ฏ๐ฎ ๐๐ฒ๐ต๐ถ๐ป๐ฑ๐ฒ ๐๐ฏ๐ฎ๐ฑ๐ฒ๐๐ผ๐น๐ฒ ๐ข๐น๐๐ด๐ฏ๐ฒ๐ป๐น๐ฒ; the Oluwo of Iwo, ๐๐๐ ๐๐๐๐ฎ๐ฅ๐ซ๐๐ฌ๐ก๐๐๐ ๐๐ค๐๐ง๐๐ข; other royal fathers, FCT Commissioner of Police, ๐๐๐ ๐๐๐ง๐ง๐๐ญ๐ญ ๐๐ ๐ฐ๐๐ก, captains of industry; representatives of professional bodies; Trustees of the Institution, Past Presidents of the Institution, Council Members, esteemed members of NIESV and stakeholders.
In his inaugural speech,ย the 26th ๐๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ ๐จ๐ ๐๐๐๐๐ ๐๐๐ ๐๐ข๐๐ญ๐จ๐ซ ๐๐ฅ๐จ๐ง๐ ๐, expressed profound gratitude to the members of NIESV for their trust and support.
He outlined his vision for the institution, emphasizing the importance of real estate in economic development.
He expressed his commitmentย to enhancing the profession’s relevance and ensuring that NIESV continues to be a dependable partner to the government in policy formulation and implementation, land administration, asset valuation, and more.
Vice President Kashim shettima who was
Represented by ๐๐ซ. ๐๐จ๐ฉ๐ ๐๐จ๐ฅ๐๐๐ ๐
๐๐ฌ๐ฎ๐, charged NIESV with adopting innovative approaches to asset valuation, drawing inspiration from global examples such as Singaporeโs Temasek.
He underscored the potenti0al of Nigeria’s real estate sector to significantly boost GDP through strategic asset management and valuation.
In his remarks, Senate President, Godswill Akpabio emphasized the crucial role of professional bodies in national development, he charged NIESV to lead efforts in curbing quackery and the exploitation of tenants by real estate agents who are mostly quacks and establishing industry standards to elevate professionalism within the sector.
On his part, the Executive Governor ๐จ๐ ๐๐๐ ๐จ๐ฌ ๐๐ญ๐๐ญ๐, ๐๐๐๐๐ฃ๐ข๐๐ ๐๐๐ง๐ฐ๐จ-๐๐ฅ๐ฎ announced his administration’s goal to increase the real estate sector’s contribution to the state’s GDP from 5-6% to 15-20%.
Sanwo-Olu emphasized the importance of collaboration within the profession. He urged NIESV to support and encourage its members, highlighting that the current land use charge has successfully attracted real estate investments and fees. The governor’s call to action underscores the vital role NIESV can play in elevating the real estate profession and significantly boosting its economic impact.
The lecture highlighted the vital contributions of professional bodies, such as setting standards, providing continuous development, and influencing policy. It also emphasized the crucial role of Estate Surveyors and Valuers in economic growth, urban planning, and sustainability.
The lecture also harped on the need for synergy between professional bodies especially NIESV and the government in fostering national development and implementing the Renewed Hope Agenda of President Bola Ahmed Tinubu’s Administration.
