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Economic hardship: ‘Your policies affect us’, property valuers send key message to Tinubu

Posted on by darion

  • The Nigerian Institution of Valuers and Surveyors (NIESV) has raised concerns about the impact of government policies on the real estate sector
  • The institution’s president, ESV Victor Alonge, stressed its commitment to playing a key role in shaping policies affecting the real estate sector
  • Alonge also stressed the importance of government policies in regulating and managing the real estate industry

FCT, Abuja – Amid the ongoing economic difficulties, the Nigerian Institution of Valuers and Surveyors (NIESV) has expressed concern over the impact of President Bola Ahmed Tinubu’s government policies on the real estate sector.

NIESV president ESV Victor Alonge revealed this in an interview with Legit.ng on Saturday, July 6 in Abuja.

NIESV President Victor Alonge Talks About Tinubu's Economic Policy
NIESV President Victor Alonge talks about Tinubu’s economic policies Photo source: Victor Alonge/Kola Sulaiman
Source: UGC

Alonge urged Tinubu to ensure a more proactive approach to policy formulation and implementation to support the industry and the broader economy.

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He said:

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“The economic situation was difficult. We saw very low levels of activity, especially in the industrial sector.

“When there is little or no activity, we are not envious. But that does not mean we cannot do well in the midst of challenges. We have to find opportunities in these challenges and we have to be creative.”

A Call for Strategic Engagement in Policy-Making

The Council emphasised its commitment to playing a key role in shaping policies affecting the real estate sector.

He said:

“We want to make a statement, and the point we need to make is that our importance is real. Our role as drivers of economic development is established. We will no longer operate from the back seat.”

NIESV emphasised the importance of government policy in the regulation and management of the real estate industry, noting the need for active participation of valuers in policy formulation and implementation.

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Alonge said:

“Government policy has a direct impact on the dynamics of the real estate industry and our profession. It plays a key role in shaping society’s economies by providing a framework for regulation, services and governance.”

Economic woes: Obasanjo names two Tinubu missteps

In another report, former President Olusegun Obasanjo described President Bola Ahmed Tinubu’s policies of removing fuel and foreign exchange subsidies as necessary but “poorly implemented.”

Legit.ng said Obasanjo’s announcement came as the Tinubu government begins activities to commemorate its first anniversary in office.

Source: Legit.ng