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NIESV urges Federal government to invest in real estate

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called on government at all levels to invest more in the provision of real estate and infrastructure to boost the nation’s economy.

The National President of the Institution, Dr Bolarinde Patunola-Ajayi, said this on Tuesday at a news conference to showcase activities for the 48th annual conference and Annual General Meeting (AGM) in Ibadan.

He said that government at all levels should do a proper planning for real estate development as part of efforts to sustain growth of the nation’s economy.

“Dubai today depend totally on real estate, and it is one of the fastest growing economy in the world hence Nigeria should strive to invest in the sector,’’ he said.

He said that the country was facing a lot of deficit in the sector, which must be tackled by all and sundry.

“If you are doing a single housing unit, you will have opportunity of creating job employment for a whole lot of people starting from the labourers up to the suppliers, so there is a lot of activities going on in the real estate,’’ he said.

On the area of quackery, the president said that the institution was doing a lot at reducing quackery in the profession which he described as a “menace to the nation.’’

He said one of the ways to fight the menace was to strengthen the laws that established the institution.

“Of course NIESV is aware that many quacks roam the streets parading themselves as surveyors, the public should be wary of contacting these quacks to avoid being duped,’’ he said.

He said that the conference, which has as its theme: “Real estate and Infrastructure as Drivers of National Economic Development’’, will have 4000 members and other participants.

“This conference, which is a five-day event will bring together professionals in public and private sectors to address vital issues of interdisciplinary and ethical concerns in infrastructure development,’’ he said.

Credit: PM NEWS

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