Written by Chidi Ugwu
Posted on 21-07-2020
The Nigerian Institution of Estate Surveyors and Valuers at the weekend urged Federal Government to consider providing intervention funds to cushion the effects COVID-19 pandemic in the real estate sector.
Fielding questions from journalists shortly after his inauguration, Mr. Emma Oka's Wike, said there is need for government to package intervention fund for the real estate sector which he said had been hard hit by the covid-19 pandemic.
"On the real economy, the real estate sector has been affected greatly, you can see that there is no development going on anywhere, that has affected employment and also the revenue that the government would have generated. Government should try as much as possible to see how it can provide an intervention fund for the real estate developers because that will also help to develop the economy" he said.
The newly inaugurated president reiterated that real estate sector is a very important sector that should contribute immensely to the GDP of any economy.
Wike said capacity building of practitioners and propagation of the unique professional services offered by members would also be topmost in his agenda, as most people confuse them with estate agents.
"We want to let the public know that an estate surveyor and valuer is not just an estate agent or a facility manager, at the end we shall make Estate Surveying and valuation practice visible and impactful."
According to him, there will be a concerted efforts to bring members across the country at par with practitioners in the international arena through training and retraining.
Also, the President said his administration would vigorously pursue completion of the five storey building Secretariat in Abuja.
"Reconciliation of members will also be pursued because we find out that one way or the other some of our members are aggrieved, so we want to ensure that will bring everyone under the umbrella of peace so we see ourselves as one family."
Culled from The Independent, June 28, 2020