The Nigerian Institution of Estate Surveyors and Valuers (NIESV) in partnership with the United Kingdom University College on Estate Surveyors has trained about 255 estate surveyors across Nigeria on modern technology.
The 2nd Vice president of NIESV, Johnbull Amayaevbo said the training which took place in various centres in the geopolitical zones was to acquaint members with new technologies so as to benefit from increased investments in the real estate sector.
According to him, the major challenges facing estate surveyors in Nigeria is the application of modern techniques to practical situation, hence the need to adapt to standards of valuation which the International valuation standards.
” It is not that we do not know some of these standards, but it is not everybody that know how to apply some of these new techniques to practical situations, so it was a very enriching training” he stated.
Amayaevbo further disclosed that NIEVS have signed an agreement with the University to train valuers in further areas of their profession which would commenced in April 2019.
The training, he said, would centre on valuation of infrastructure, including roads, bridges, aircrafts, vessels, refineries, adding that they would also be trained on valuation of oil wells, environmental and oil spillages.
The programme leader, University College of Estate Management, David Hunt pointed out that there is a big gap between what is been taught in school and the way investors in developed world, stressing the need for estate valuers to deploy sophisticated technologies to modern day estate development
He said Nigeria Real Estate is ready for international investors, saying estate valuers to have the right knowledge for specific things that wpuld help foreign investors smioten the process and manage expectations.
He said “part of the teaching was to let the estate surveyors know that the Nigeria real estate is ready for international investment and the investors can be from any part of the world and it is expected that valuers have the right knowledge and my target was to equip valuers with specific items that foreign investors might need to meet there expectations “.
He noted that major things that would attract foreign investors is the fact that their is improved infrastructures, government is becoming more stable, increased transparency in government, and increasing population and the economy is moving on. The Guardian
