COMPENSATION AND RIGHT OF WAY VALUATION FACULTY
EXECUTIVE SUMMARY
Land constitutes the foundation of the people, city and all economic, social, cultural, physical and political activities. It is the single greatest resource base in most countries, the foundation of life and the custodian of the norms and morals in any given society. In fact, policies about land are policies about the society, hence, access to land and land management have significant implication for development. Land being a source of wealth and a platform for human activities, land governance is one of the central requirements for economic development.
Large scale public infrastructure works usually involve the acquisition of right of way across several states and payment of huge sums as compensation. Some of these public infrastructure works include public infrastructure such as highways, transmission lines, power stations, gas and oil pipelines, Water supply pipelines, sewage and drainage systems require significantly large acquisitions of land across different jurisdictions
As enunciated by the National President Dr. Patunola-Ajayi our noble profession must keep abreast of the changes in the profession and strive to position the members to obtain specialisation in the various sub-sectors of the estate surveying and valuation profession as obtains globally.
With the increasing focus of government, global multi-lateral organisations and corporations on delivery of infrastructure projects to drive development, it becomes imperative that Estate Surveyors and Valuers must be equipped to render unimpeachable professional services at all times and stave off the incursion of quacks.
It is this vision that has inspired the NIESV Council to create Faculties or Business Divisions, of which the Right of Way and Compensation Valuation Faculty is one.
MISSION, VISION AND OBJECTIVES OF THE FACULTY
MISSION
To empower members of Nigerian Institution of Estate Surveyors and Valuers through capacity development in specialized skill of Compensation Valuation and Right of Way Acquisition and thus elevating ethics and standard of practice to globally acceptable practice.
VISION
For members of Nigerian Institution of Estate Surveyors and Valuers to earn recognition as expert in Compensation and Right of Way matters and to be looked up to for skill acquisition
OBJECTIVES
i. Create awareness of the infrastructure, right of way and compensation valuation sector of the estate surveying and valuation profession in Nigeria.
ii. To promote ethics and professionalism among members in carrying out assignments
iii. To provide leading edge training, and knowledge impartation for specialisation
iv. To develop our skills and competences by encouraging international exposure and credentialing of members.
v. To inculcate in members the need for compliance with international best practices and due regard to Nigerian regulatory laws on land acquisition
vi. To help propel all members to greater heights of professional excellence.
vii. Ensuring sustainability in the practice of Estate Surveying an Valuation in order to achieve the strategic goals of NIESV
SCOPE OF THE FACULTY
The areas of professional service under the faculty are considered to include and limited to the following:
i. Valuation for Compensation for Structures, Crops and Economic trees
ii. Consultancy services for Social and Environmental Impact Studies
iii. Compensation Valuation for Environmental Degradation and Contamination
iv. Consultancy services for Community Resettlement
v. Consultancy Services for Community and Corporate Social Responsibility