The Chairman/Chief Executive Officer of National Salaries, Income and Wages Commission, Major General Junaid Bindawa has stated explicitly that Nigeria’s public asset base has hit over $300billion,yet it still remains largely unvalued, while global and local trends are expanding their values.

Speaking at 2026 Valuers Assembly in Abuja, Bindawa added that this is a window for estate surveyors and valuers in assets to dive in to deliver reliable mass appraisal systems that can increase the internally generated revenue for states without increasing tax rates.

He argued that real estate profession, and especially valuation,is no longer a transactional service, rather a necessary infrastructure for economic development and investment decision -making tool.

According to him, without credible valuation, capital will not flow, without capital, development will not take place. The frontier of real estate services has expanded greatly over the last decades.For instance, strategic partnership is learned through credibility.

Also, the Acting ESVARBON Chairman, Dr Aminu G. Waziri argued that for too long, the public perception of our role has been narrowed down to landlord and tenant matters and compensation for compulsory acquisition, saying, they remain foundation, and no longer our boundary.

Waziri noted that no nation can develop beyond the quality of its asset information as valuation is not a technical after thought, it is strategic national infrastructure, considering the pillars of the Renewed Hope Agenda and national development aspirations.

As a regulatory body,ESVARBON is committed to leading the expansion.Our agenda is clear and we will deepen professionalism through stricter enforcement of standards, continuous mandatory professional development focused on emerging areas of valuation, and zero -tolerance for quackery.

Contributing, Acting Chairman of Professional Practice Committee, Dr. Samuel O.Alausa explained that they have critically viewed the challenges of the professionals in the emerging real estate market in Nigeria and globally in terms of Artificial intelligence and others.

Alausa said it is in the spirit of pursuing these goals that 2026 Valuers Assembly was designed to provide training and skills upgrade to the members to prepare them for the emerging real estate market challenges and dynamics.

“We’re going to quickly pinpoint some of the challenges faced in the current real estate markets both nationally and globally. We will takeE this Assembly remarkable and unique by doing justice to the given expansion of frontier of valuation in the country.”