‘Estate surveyors valuers stimulating economy’

Estate surveyors and valuers have been described as professionals stimulating the economic growth of the country.

This was the submission of the Group chairman, NGX Group, Alhaji Umaru Kwairanga, who was the Chairman of the 2025 Nigeria Institution of Estate Surveyors & Valuers (NIESV) Membership Induction Ceremony held yesterday in Lagos.

He stressed that valuation, which is the bedrock of the estate surveying profession, actively strengthens the country’s financial markets which encourage transparent bankable projects that serve as enablers to the growth of the economy.

Special Guest of Honour, Chairman / CEO, The Address Homes Limited, Bisi Onasanya, encouraged the inductees to step up their game in professionalism to weed out the quacks. “Learn to walk out of a brief that will taint your integrity; there is no substitute to haerdwork. Most people who fail in life are those who quit not knowing how close they are to winning,” he urged.

Earlier, the Guest Speaker, Executive Secretary, Financial Reporting Council (FRC), Nigeria, Dr.  Rabiu Olowo, told Estate Surveyors that their work and activities have consequences for regulators in the financial sector and therefore need to imbibe the highest ethical standards in conduct and practice.

“Valuation is the backbone of fair value measurement. Poor valuation leads to systematic risk and can lead to poor investment judgment. To produce a robust financial account it bench marked internal practices and emerging economies. Under my watch financing reporting ecosystem compliance will be binding not optional and will guide auditors,” he assured.

Olowo advised the inductees on credible financial and reputational actions by insisting on accountability to deepen financial transparency.  He added that credible financial reporting can only galvanise transparency. He also asked them to avoid conflict of interest and insist on challenging unreliable information and status quo.

President Nigeria Institution of Estate Surveyors & Values (NIESV) Dr. Victor Alonge, told the Inductees that their induction as members of the profession is a product of determination, resolve and hard work in the last two or more years, in the course of which you sat for, and passed the required qualifying professional examinations.

He said: “You successfully completed your two years internship, and test of professional competence in addition to meeting every other requirement for admission into the professional membership of the institution”.

“Let me at this point emphasise  that your induction as a professional member of the institution has imposed  on you the responsibilities, as well as the challenges of standing tall in transparency, accountability and integrity. It is required of you

“In our ever-evolving world of business, where cutting-edge technology and sophisticated strategies often taken the center stage, there is one thing that has always held my unwavering commitment, and which I am recommending to you; knowledge acquisition the hallmark of wisdom has put in place Mandatory Continuous Professional Development (MCPD) to serve as the platform for upward mobility in the profession”

“As a profession, we have significantly impacted the Nigerian space, both the private and public sectors of the economy. We have produced highly resourceful and professional members with sound ethical practices as is obtainable globally”, he added

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