Surveyors urge govt to invest in real estate
In a way to restart the economy post COVID-19 lockdown, the Nigerian Institution of Estate Surveyors and Valuers, (NIESV) has tasked the Federal Government and private sector operators to invest in the real estate industry.
The NIESV’s National President, Rowland Abonta, gave the charge on the sidelines of an inspection visit to the institution’s headquarters building project in Abuja.
Abonta said the housing sector had capacity of restarting the national economy as the real estate industry required the services of a wide range of people both in the formal and informal sectors.
He noted that the sector could generate services, income, work and opportunities for Nigerians, either skilled or unskilled as well as engages the services of different kinds of people either formal or informal workers, professionals, artisans, sellers, suppliers of building materials, among others.
He urged government and private operators to strategically invest in the real estate industry in order restart the national economy, post COVID-19.
The president described the NIESV’s ongoing building project as a flagship project of his administration which seeks to ensure visibility and advocacy for the institution.
He explained that the institution had invested in the area of advocacy since the past two years, but lamented that a lot of persons lacked knowledge of what NIESV was doing because of its low visibility.
He expressed his delight that the building has given such visibility in the Federal Capital Territory with construction of a road by the FCT Administration that leads to the office.
He added that the institution was now strategic, having gained visibility, with abundance of accommodation, it would lease out some of the floors in the building to generate income.
