Estate surveyors and valuers are playing a crucial role in stimulating Nigeria’s economic growth, according to Alhaji Umaru Kwairanga, Group Chairman of NGX Group. Speaking at the 2025 Nigeria Institution of Estate Surveyors & Valuers (NIESV) Membership Induction Ceremony in Lagos, he noted that valuation—the foundation of the profession—strengthens financial markets and enables transparent, bankable projects that drive economic development.

Bisi Onasanya, Chairman/CEO of The Address Homes Limited and Special Guest of Honour, urged new members to uphold high professional standards and avoid shortcuts that could compromise their integrity. “Learn to walk away from briefs that may taint your integrity; hard work has no substitute. Most people fail because they quit just before success,” she said.

During the event, Dr. Rabiu Olowo, Executive Secretary of the Financial Reporting Council (FRC), emphasized that estate surveyors’ work has significant implications for financial regulators. He highlighted the importance of ethical conduct, robust valuation practices, and adherence to internal and international benchmarks, warning that poor valuation could increase systematic risk and lead to poor investment decisions.

Dr. Olowo further advised members to insist on accountability, challenge unreliable information, and avoid conflicts of interest to deepen financial transparency.

Dr. Victor Alonge, President of NIESV, reminded inductees that their new status is the result of years of rigorous training, internships, and examinations. He stressed that induction carries the responsibility of upholding transparency, accountability, and integrity in professional practice.

He added that the institution’s Mandatory Continuous Professional Development (MCPD) program provides a platform for ongoing learning and career growth. “As a profession, we have significantly impacted both the private and public sectors in Nigeria, producing resourceful and ethical members aligned with global best practices,” Alonge said.