Fashola tasks es­tate sur­vey­ors on land value reg­u­la­tion

Daily Trust - - PROPERTY - By Mustapha Suleiman

The Min­is­ter of Power, Works and Hous­ing, Ba­batunde Raji Fashola has charged the Coun­cil of Nige­rian In­sti­tu­tion of Es­tate Sur­vey­ors and Valuers in Nige­ria (ESVRBON) to reg­u­late val­ues and rates of land across the coun­try to end the dis­putes that of­ten lead to huge com­pen­sa­tion on the part of gov­ern­ment.

Fashola urged the coun­cil to play its role in de­vel­op­ing pre­dictable rates for land in each lo­cal gov­ern­ment area whether the place is de­vel­oped or not across the coun­try.

The min­is­ter stated this when the es­tate sur­vey­ors and valuers coun­cil mem­bers vis­ited him in Abuja to dis­cuss is­sues on prop­erty devel­op­ment and pro­vi­sion of pro­fes­sional ser­vices by es­tate sur­vey­ors and valuers.

On the Na­tional Hous­ing Pol­icy, the min­is­ter stated that the min­istry did not have the re­sources to pro­vide large scale hous­ing projects. He said the on­go­ing 5 hectares mass hous­ing projects across 33 states of the fed­er­a­tion is a pi­lot scheme that will set the pace for af­ford­abil­ity and ac­cept­abil­ity for pri­vate sec­tors to key into.

Ear­lier in his re­marks, the Pres­i­dent of the Nige­rian In­sti­tu­tion of Es­tate Sur­vey­ors and Valuers, Dr Bo­larinde Patunola-Ajayi said that the meet­ing would cre­ate syn­ergy be­tween the min­istry and the in­sti­tu­tion, re­sult­ing in a ro­bust and ef­fi­cient man­age­ment of the na­tion’s as­sets.

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