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    NIESV prepares for Foreign Competitors
    Written by Victor Gbonegun
    Posted on 19-09-2018

    Poised to ensure the posterity of the profession, the business division of Nigerian Institution of Estate Surveyors and Valuers (NIESV) plans to explore the prospects and challenges of international competition.

    Addressing journalists in Lagos, the chairman, Faculty of Estate Agency and Marketing, Sam Eboigbe stated that the forum would also discuss the issues of well structure partnership, the DNA of international competition, leveraging on the concept of pseudonym for mega practice and the role of appropriate institution in the business of real estate.

    "There would the plenary and the interactive sections where speakers would discuss issues that have been raised in some of the sub-themes. When you talk about the issue of foreign competitors, we have discovered that they're quite a number of us doing very well in terms of structure of their firm and partnership yet some clients patronize the foreign operators. Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) and NIESV has approved the concept of pseudonym, which deals with larger and strategic alliance to boost professionalism and so we are going to see how we will key into that."

    According to him, experts expected includes past presidents Bode Adediji, Joe Idudu, Emeka Eleh, a partner at KPMG; Mr. Olumide Olayinka, a fellow of NIESV, Victor Alonge while institution's president, Rowland Abonta will chair the event.

    Also speaking, the Vice chairman of the faculty, Kayode Ogunji lamented that the poor economic situation in the country has impacted negatively on the practice of estate agency. According to him, the development has created the incursion of quacks and many foreign operators who have accesss to funds to dominate the market.He posited that there should be improve funding for operators at low interest rate to be able to tower in the business. According to as a way forward, the seminar, would serve as a platform for training practitioners and addressing serious issues affecting the survival of the profession.

    Culled from The Guardian Newspaper, September 2018