Minister of Works and Housing, Babatunde Fashola, has called on the members of the
reconstituted Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) to make the practice of estate valuation simple for ordinary Nigerians.
Fashola, who spoke shortly after he inaugurated the board in Abuja, also charged them on integrity and professionalism.
The minister, who also urged them to develop an open evaluation for the different parts of the country, and called on the board members to regulate the profession and the
quality of people that would be admitted into it.
“As we reconstitute the new board and as we work together to rebuild our economy, I urge you to be as professionals as you were trained to be.
“So, I will like to see, therefore, as you take up the mantle of leadership today after inauguration, these are issues that I think you should put into the front burner agenda in terms of how you regulate the practice and also the quality of people that you admit to the practice.
“The importance and professional mandate of Estate Surveyors and Valuers in the economic growth of the country is really to put value on land.The main business that they undertake is the business of how land is turned from a dormant asset really into a valuable asset”, he said.
Fashola, however, called on
those who are involved in one form of enterprise or the other to appreciate the value of land as a major capital formation asset.
In his acceptance speech, the Chairman Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) Gershom Henshaw, said since March this year when the baton in the leadership of the board changed hands, the board had commenced process of ending annul rent payment.
He said: “We have had the ground breaking/foundation laying ceremony for the development of our corporate head office. The construction of the office on our land at Jahi District in Abuja will mark the end of accommodation problem and its expenditures on service charge incurred by the board.
“We have revised the Valuation Reporting Template produced by the board in 2015. The revision is not only to maintain a uniform and standard reporting format by valuers in the country but also to keep pace with the dynamics of time and changes in the global market place.
“We have recently inducted over 200 (213 to be specific) fit and proper persons as registered Estate Surveyors and Valuers. This has increased the number of registered persons in the country.
He said ESVARBON is poised to maintaining sound professional conduct by keeping vigilance to ensure that practitioners ply their trade according to the rule and regulations.
